Common use of Sending Funds Clause in Contracts

Sending Funds. You may transfer funds from your Bank account to an account that you or a recipient (a “Recipient”) maintain with another U.S. financial institution. There are two ways to send funds to a Recipient. If you know the Recipient’s account information, you can instruct us to send funds directly to that account. If you do not know the Recipient’s account information, you can instruct us to send an email or mobile phone text message for you to the Recipient, advising the Recipient of the pending transaction and asking the Recipient to provide the account and other information we need to complete the transfer. You agree not to impersonate another person or send any messages that are fraudulent or offensive. If the Recipient provides the requested information, we will send funds to the account designated by the Recipient. If the Recipient fails to respond within 10 days or the transfer cannot be made for any other reason, we will notify you and return the funds to your account. Although we may use any means to execute your instructions (e.g., wire transfer or check), we normally use the automated clearing house (ACH) to transfer funds. We may charge your account as early as the day of your request for the amount of the transfer and credit the funds to an omnibus clearing account that we maintain with another bank. It then takes 3 or 4 banking days before the funds are deposited to the Recipient's designated account. With our Next Day Service you can instruct us to make a transfer so that it is received on the next business day for payees who can receive transfers electronically. There is a fee for Next Day Service (see the “Fees” Section below for details). You may instruct us to send funds to a Recipient up to 365 days in advance. The cutoff time for submitting transfer instructions is 10:00 p.m. (7:00 p.m. for Next Day Service). Instructions received after the cutoff hour or on a non-business day may be processed by us on the next business day. Transactions scheduled to be processed on a weekend or holiday will be processed on the next business day.

Sending Funds. You may transfer funds from your Bank account to an account that you or a recipient (a “Recipient”) maintain with another U.S. financial institution. There are two ways to can send funds to a Recipient. If you know recipient in any amount from $1 to $500 by (a) inputting the Recipientrecipient’s account information, you email address into our Service so that we can instruct us to send funds directly to that account. If you do not know the Recipient’s account information, you can instruct us to send recipient an email notifying them that you are sending them funds or (b) inputting the recipient’s mobile phone number into our Service so that we can send the recipient a text message notifying them that you are sending them funds. Carrier message and data rates apply to all text messages. We are not responsible for any loss of funds if you input the incorrect email address or mobile phone text message number and the recipient completes the transfer. We will debit the funds for the transfer from your card at the time you submit a transfer. In order to receive their money and complete the Recipienttransfer, advising the Recipient recipient of the pending transaction and asking the Recipient to provide the account and other information we transfer will need to complete transfer the money to his or her Green Dot Bank issued bank account or reloadable prepaid debit card (an “Account”). We may, in our sole discretion, offer the recipient other ways to pick up the pending transfer. You may only send up to $1,000 per day and $2,500 in any 30 day period using our Service, in the aggregate from all your cards issued by Green Dot Bank. For security reasons, we may also limit the number of transfers you can make using the Service. You agree not to impersonate another person or send any messages that are fraudulent or offensive. If the Recipient provides the requested information, we will send funds to the account designated by the Recipient. If the Recipient recipient fails to respond claim the transfer within 10 days days, or if the transfer cannot be made for any other reason, we will notify you and return the funds to your accountcard. Although we may use any means to execute your instructions Receiving Funds If another person (e.g., wire transfer or check), we normally use the automated clearing house (ACHa “Sender”) instructs us to transfer funds. We may charge your account as early as funds to you, you represent to us that you are the day of your request for person intended by the amount of Sender to receive the transfer and credit funds and, if applicable, you authorize us to deposit the funds to an omnibus clearing account your Account. As with sending funds, you acknowledge that we maintain with another bank. It then takes 3 or 4 banking days before there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to the Recipient's designated account. With our Next Day Service you can instruct us to make a transfer so that it is received on the next business day for payees who can receive transfers electronically. There is a fee for Next Day Service (see the “Fees” Section below for details)transferred. You may instruct only receive up to $1,000 per day and $2,500 in any 30 day period through our Service. For security reasons, we may also limit the number of transfers you can receive through the Service. Declined and Reversed Transactions We may decline to complete a transfer if: (a) we believe it may involve or result in a violation of law or expose us to send liability or risk of loss; (b) we are unable to authenticate the sender or intended recipient; (c) there are insufficient available funds for the transfer; (d) the transfer instruction is unclear, ambiguous or incomplete; (e) we identify a security risk involving the transaction; or (f) as otherwise stated in this agreement. If a transfer is rejected for any reason, we will notify you and return the funds to your card. Cancelling and Changing Transfer Instructions You may cancel a Recipient up to 365 days in advance. The cutoff time for submitting transfer by following the instructions is 10:00 p.m. (7:00 p.m. for Next Day Service). Instructions received after the cutoff hour or on a non-business day may be processed by us provided on the next business dayxxxxxxxx.xxx website prior to the time the recipient acknowledges and completes the transfer. Transactions scheduled to be processed on a weekend or holiday will be processed on the next business dayPLEASE NOTE THAT ONCE YOU SEND MONEY TO ANOTHER PERSON AND THAT TRANSFER IS CLAIMED, THAT TRANSFER CANNOT BE CANCELLED AND WE CANNOT RECOVER THE MONEY.

Sending Funds. You may transfer funds from your Bank account to an account that you or a recipient (a “Recipient”) maintain with another U.S. financial institution. There are two several ways to send funds to a Recipientrecipient. If you know the Recipientrecipient’s account informationinformation (e.g., account number and bank routing number), you can instruct us to send funds directly electronically to that account. If you do not know You can also provide us with the Recipientrecipient’s account information, you U.S. mailing address to have funds sent to the recipient via check. You can instruct us to send an email or mobile phone text message for you to the Recipientrecipient, advising the Recipient recipient of the pending transaction and asking the Recipient recipient to provide the account and other information we need to complete the transfer. You agree Lastly, if you know the email address associated with a recipient’s PayPal account, then the money can be deposited directly into that PayPal account in real time. This kind of payment cannot be canceled after it has been sent. We only support payments sent within the United States. ▪ We may charge your account for the transfer amount as early as the day of your request and credit funds to impersonate another person or an omnibus account that we maintain to clear transactions. If you provide us with the recipient’s account information and instruct us to send any messages funds electronically to that account, it may take up to three business days before funds are fraudulent or offensivecredited to the recipient’s account. Payments made by check are generally issued within one business day of your request. Note: It could take between 5 and 7 business days after the check is issued for it to be received by the recipient through U.S. mail. If the Recipient provides transfer requires the requested informationrecipient to respond to an email or text message (e.g., to provide us with the information we need to complete the transfer), funds will send funds generally be credited to the recipient’s account designated by within three business days of the Recipientdate the recipient claims the transfer and otherwise provides us with all required information. If the Recipient recipient fails to respond to the email or text message within 10 calendar days or the transfer cannot be made for any other reason, we will notify you and return the funds to your account. Although we may use any means to execute your instructions (e.g., wire transfer or check), we normally use the automated clearing house (ACH) to transfer funds. We may charge your account as early as the day of your request for the amount of the transfer and credit the funds to an omnibus clearing account that we maintain with another bank. It then takes 3 or 4 banking days before the funds are deposited to the Recipient's designated account. With our Next Day Service you can instruct us to make a transfer so that it is received on the next business day for payees who can receive transfers electronically. There is a fee for Next Day Service (see the “Fees” Section below for details). You may instruct us to send funds to a Recipient up to 365 days in advance. ▪ The cutoff time for submitting transfer instructions is 10:00 6:00 p.m. (7:00 p.m. for Next Day Service)PT. Instructions received after the cutoff hour or on a non-business day may be processed by us on the next business day. Transactions scheduled to be processed on You will receive a weekend or holiday confirmation at the time that you submit your transfer instructions. ▪ Receiving Funds. You may also receive money from other People Pay users. Whenever you have actionable payments, an indicator will be processed appear on the next business dayIncoming Payments Tab to alert you. The payment can be claimed or denied. Once the payment is claimed, the money is delivered to the specified location in the appropriate timeframe. You can only claim payments for eligible People Pay funding accounts. ▪ Erroneous Transfer Instructions. You assume sole responsibility for you or the recipient accurately describing transfer amounts, accounts, financial institutions, and addresses. We are not responsible for confirming such information, or for monitoring or refusing to process duplicate transfer instructions. If you give us a transfer instruction (or the recipient gives us information related to your instruction) that is incorrect in any way, you agree that we may charge your account for the transfer whether or not the error could have been detected by us. We are not obligated to detect errors in your transfer instructions.

Sending Funds. You may transfer funds from your Bank account to an account that you or a recipient (a “Recipient”) maintain with another U.S. financial institution. There are two several ways to send funds to a Recipientrecipient. If you know the Recipientrecipient’s account informationinformation (e.g., account number and bank routing number), you can instruct us to send funds directly electronically to that account. If you do not know You can also provide us with the Recipientrecipient’s account information, you U.S. mailing address to have funds sent to the recipient via check. You can instruct us to send an email or mobile phone text message for you to the Recipientrecipient, advising the Recipient recipient of the pending transaction and asking the Recipient recipient to provide the account and other information we need to complete the transfer. You agree Lastly, if you know the email address associated with a recipient’s PayPal account, then the money can be deposited directly into that PayPal account in real time. This kind of payment cannot be canceled after it has been sent. We only support payments sent within the United States.  We may charge your account for the transfer amount as early as the day of your request and credit funds to impersonate another person or an omnibus account that we maintain to clear transactions. If you provide us with the recipient’s account information and instruct us to send any messages funds electronically to that account, it may take up to three business days before funds are fraudulent or offensivecredited to the recipient’s account. Payments made by check are generally issued within one business day of your request. Note: It could take between 5 and 7 business days after the check is issued for it to be received by the recipient through U.S. mail. If the Recipient provides transfer requires the requested informationrecipient to respond to an email or text message (e.g., to provide us with the information we need to complete the transfer), funds will send funds generally be credited to the recipient’s account designated by within three business days of the Recipientdate the recipient claims the transfer and otherwise provides us with all required information. If the Recipient recipient fails to respond to the email or text message within 10 calendar days or the transfer cannot be made for any other reason, we will notify you and return the funds to your account. Although we may use any means to execute your instructions (e.g., wire transfer or check), we normally use the automated clearing house (ACH) to transfer funds. We may charge your account as early as the day of your request for the amount of the transfer and credit the funds to an omnibus clearing account that we maintain with another bank. It then takes 3 or 4 banking days before the funds are deposited to the Recipient's designated account. With our Next Day Service you can instruct us to make a transfer so that it is received on the next business day for payees who can receive transfers electronically. There is a fee for Next Day Service (see the “Fees” Section below for details). You may instruct us to send funds to a Recipient up to 365 days in advance.  The cutoff time for submitting transfer instructions is 10:00 6:00 p.m. (7:00 p.m. for Next Day Service)PT. Instructions received after the cutoff hour or on a non-business day may be processed by us on the next business day. Transactions scheduled to be processed on You will receive a weekend or holiday confirmation at the time that you submit your transfer instructions.  Receiving Funds. You may also receive money from other People Pay users. Whenever you have actionable payments, an indicator will be processed appear on the next business dayIncoming Payments Tab to alert you. The payment can be claimed or denied. Once the payment is claimed, the money is delivered to the specified location in the appropriate timeframe. You can only claim payments for eligible People Pay funding accounts.  Erroneous Transfer Instructions. You assume sole responsibility for you or the recipient accurately describing transfer amounts, accounts, financial institutions, and addresses. We are not responsible for confirming such information, or for monitoring or refusing to process duplicate transfer instructions. If you give us a transfer instruction (or the recipient gives us information related to your instruction) that is incorrect in any way, you agree that we may charge your account for the transfer whether or not the error could have been detected by us. We are not obligated to detect errors in your transfer instructions.