Common use of Recipient Acknowledgment Clause in Contracts

Recipient Acknowledgment. By using this Service you as the Recipient are confirming that you are the person to whom the Sender intends to transfer funds. As the Recipient, you will be asked to provide your debit card information that will be used to transfer funds to your Account. If you choose not to provide your debit card information or your institution does not participate, you will be asked to provide account information including

Recipient Acknowledgment. By using this Service you as the Recipient are confirming that you are the person to whom the Sender intends to transfer funds. As the Recipient, you will be asked to provide your debit card information that will be used to transfer funds to your Account. If you choose not to provide your debit card information or your institution does not participate, you will be asked to provide account information includingincluding account number and routing information for your financial institution. In this case the funds will be transferred through the Automated Clearing House.