Common use of Receiving Money Clause in Contracts

Receiving Money. All transfers of money to you shall be performed by a Network Financial Institution per the direction of that Network Financial Institution customer and at all times subject to the terms and conditions of the relevant service agreement between that Network Financial Institution and its customer, including without limitation any restrictions or prohibitions on permissible transactions. You authorize us to accept, on your behalf, all payments that other Users make to you and credit them to your Eligible Transaction Account. You understand that you have no ability to stop the payment once a User initiates a transfer to your email address, mobile phone number or Zelle® tag that you enrolled with the Zelle® Payment Service. You agree that we will not be liable in any way for any payments that you may receive, regardless of whether you authorized the Sender to send them to you. Please contact us at the Contact Number if you receive funds in your Account incorrectly. Most transfers of money through the Zelle® Payment Service to your Eligible Transaction Account from other Users will occur within minutes. There may be other circumstances when the payment may take longer (see Section III.D.2.e.1 (Zelle® Payment Service) below). For example, in order to protect you, us, Zelle® and the other Network Financial Institutions, we or Zelle® may need additional time to verify your identity or the identity of the person sending the money. We may also delay or block the transfer to prevent fraud or to meet our regulatory obligations. There may be a delay between the time you are notified of the pending Payment Instruction and the deposit of the payment funds into your Eligible Transaction Account, such as if we have questions regarding possible fraud in connection with the payment, and you may be required to take additional steps to facilitate the deposit of the payment. If we delay or block a payment that you have initiated through a request for money, we will notify you in accordance with your User preferences (i.e., email, text message). You authorize the Sender, the financial institution which holds the Sender's Eligible Transaction Account, us (including through the Website or the Mobile App), and Zelle® to send emails to you and text messages to your mobile phone in connection with the Sender's initiation of Payment Instructions to you, and, as a Receiver, you may receive Zelle® Payment Requests, from others through the Zelle® Payment Service. If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both these terms and the procedures of the business or government agency that is sending you the payment. You acknowledge and agree that in the event that funds that you have received from another User are determined to be improper because they were not authorized by the Sender, because there were not sufficient funds in the Sender's account, or for any other reason, then you hereby authorize us or our Vendor to withdraw from your Eligible Transaction Account the full amount of the funds improperly transferred to you.

Receiving Money. All transfers of money to you shall be performed by a Network Financial Institution per the direction of that Network Financial Institution customer and at all times subject to the terms and conditions of the relevant service agreement between that Network Financial Institution and its customer, including without limitation any restrictions or prohibitions on permissible transactions. You authorize us to accept, on your behalf, all payments that other Users make to you and credit them to your Eligible Transaction Account. You understand that you have no ability to stop the payment once a User initiates a transfer to your email address, address or mobile phone number or Zelle® tag that you enrolled with the Zelle® Zelle Payment Service. You agree that we will not be liable in any way for any payments that you may receive, regardless of whether you authorized the Sender to send them to you. Please contact us at the Contact Number if you receive funds in your Account incorrectly. Most transfers of money through the Zelle® Zelle Payment Service to your Eligible Transaction Account from other Users will occur within minutes. There may be other circumstances when the payment may take longer (see Section III.D.2.e.1 II.D.2.e.1 (Zelle® Zelle Payment Service) below). For example, in order to protect you, us, Zelle® Zelle and the other Network Financial Institutions, we or Zelle® Zelle may need additional time to verify your identity or the identity of the person sending the money. We may also delay or block the transfer to prevent fraud or to meet our regulatory obligations. There may be a delay between the time you are notified of the pending Payment Instruction and the deposit of the payment funds into your Eligible Transaction Account, such as if we have questions regarding possible fraud in connection with the payment, and you may be required to take additional steps to facilitate the deposit of the payment. If we delay or block a payment that you have initiated through a request for money, we will notify you in accordance with your User preferences (i.e., email, text message). You authorize the Sender, the financial institution which holds the Sender's Eligible Transaction Account, us (including through the Website or the Mobile App), and Zelle® Zelle to send emails to you and text messages to your mobile phone in connection with the Sender's initiation of Payment Instructions to you, and, as a Receiver, you may receive Zelle® Zelle Payment Requests, from others through the Zelle® Zelle Payment Service. If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both these terms and the procedures of the business or government agency that is sending you the payment. You acknowledge and agree that in the event that funds that you have received from another User are determined to be improper because they were not authorized by the Sender, because there were not sufficient funds in the Sender's ’s account, or for any other reason, then you hereby authorize us or our Vendor to withdraw from your Eligible Transaction Account the full amount of the funds improperly transferred to you.