P2P Express Service Set-up Sample Clauses

P2P Express Service Set-up. The Credit Union will initiate a P2P Express request for you when you provide the required information through Digital Services or xxxx.xxx using the established login credentials. You agree that the Credit Union has established commercially-reasonable security procedures for the P2P Express service. The Credit Union's procedures are designed to authenticate your identity before initiating a P2P Express but not to detect errors in the content of your instructions. Upon your request, we will make electronic transfers from your Account via a debit card withdrawal transaction processed through the debit card payment network to the designated Third Party Account and permit electronic transfers to your account via the Automated Clearing House (ACH) system. To designate a Third Party account you must provide the correct recipient name, email address or mobile phone number, your debit card number, and transaction amount. The recipient must access an email link or text message enter required card or account information to collect the funds you transfer. The timing of funds received will depend on when the Recipient responds to the email and when their financial institution posts the transaction. If the recipient does not access and collect the funds within ten (10) business days, the funds will be returned to your Account. You agree that such requests made with this Service constitute your written authorization for such transfers. You agree to verify online all P2P transactions and amounts. You understand that any errors you make in the amount or to a Third Party account do not constitute unauthorized transactions or Credit Union errors on your account.
Sample 1
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Related to P2P Express Service Set-up

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