Common use of Sending Money; Debits by Participating Financial Institutions Clause in Contracts

Sending Money; Debits by Participating Financial Institutions. You may send money to another Member at your initiation. You understand that use of this Transfer Service by you shall at all times be subject to (i) this Agreement, and (ii) your express authorization at the time of the transaction for us or another Participating Financial Institution to initiate a debit entry to your Account. You understand that when you send the payment, you will have no abilityto stop it. In most cases, when you are sending money, the transfer will occur in minutes; however, there are circumstances when the payment may take longer. For example, in order to protect you, us, and the other Participating Financial Institutions, we may need additional time to verify your identity or the identity of the person receiving the money. You understand and acknowledge that a person to whom you are sending money and who is not registered as a Member may fail to complete the request for account information required to complete the transaction, or otherwise ignore the payment notification, and the transfer may not occur. The money may also be delayed, or the transfer may be blocked to prevent fraud or comply with regulatory requirements. We have no control over the actions of other Members, other Participating Financial Institutions or other financial institutions that could delay or prevent your money from being delivered to the intended Member.

Sending Money; Debits by Participating Financial Institutions. You may send money to another Member Customer at your initiation. You understand that use of this Transfer Service by you shall at all times be subject to (i) this AgreementAddendum, and (ii) your express authorization at the time of the transaction for us or another Participating Financial Institution to initiate a debit entry to your Deposit Account. You understand that when you send the payment, you will have no abilityto ability to stop it. In most cases, when you are sending money, the transfer will occur in minutes; however, there are circumstances when the payment may take longer. For example, in order to protect you, us, and the other Participating Financial Institutions, we may need additional time to verify your identity or the identity of the person receiving the money. You understand and acknowledge that a person to whom you are sending money and who is not registered as a Member Customer may fail to complete the request for account Account information required to complete the transaction, or otherwise ignore the payment notification, and the transfer may not occur. The money may also be delayed, delayed or the transfer may be blocked to prevent fraud or comply with regulatory requirements. We have no control over the actions of other MembersCustomers, other Participating Financial Institutions or other financial institutions that could delay or prevent your money from being delivered to the intended MemberCustomer.