Common use of Third Party Transfer Services Clause in Contracts

Third Party Transfer Services. We may allow you to send funds to third party recipients using such third party’s email address or mobile telephone number. We may provide such services through a vendor, and you authorize us to deliver any and all financial information necessary to complete transactions initiated through Third Party Transfer Services. Please note that we may impose dollar amount, frequency, and other limitations on such third party transfers from time to time. You understand and agree that if we allow you to make such third party transfers; we may suspend, restrict, or cancel any such third party transfer if we reasonably suspect fraud, theft, or Unauthorized Use. You acknowledge and agree that any Person with access to the email account or mobile telephone number you supply to us, or any device used in connection with such email account or mobile telephone number, will have the ability to claim the funds sent via Third Party Transfer Services, even if such Person is not whom you intended to receive such transfer. You agree that we will not be responsible for ensuring any funds sent via Third Party Transfer Services are claimed by the recipient. If any funds sent via Third Party Transfer Services are not claimed within any time period established by us from time to time, you agree that we may reverse such transfer and credit the applicable funds to the Connected Account from which such transfer was sent. If we do so, we will not be liable for (a) any interest that may have accrued on such funds or (b) Fees and Expenses charged with respect to any Connected Accounts, during the time such funds were unclaimed.

Appears in 3 contracts

Samples: Business Online Banking Agreement, Business Online Banking Agreement, Online Banking Services Agreement

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Third Party Transfer Services. We may allow you to send funds to third party recipients (a) using such third party’s 's email address or mobile telephone numbernumber or (b) if to such third party’s account held with us that we may allow, using the last four (4) digits of and email address associated with such account. We may provide such services through a vendor, and you authorize us to deliver any and all financial information necessary to complete transactions initiated through Third Party Transfer ServicesServices including but not limited to Account-to-Account Transfer Services (A2A), through which we may allow you to make a deposit from a Connected Account into a third party account held with us that we may allow using the last four (4) digits of and email address associated with such account. Please note that we may impose dollar amount, frequency, and other limitations on such third party transfers from time to time. You understand and agree that if we allow you to make such third party transfers; , we may suspend, restrict, or cancel any such third party transfer if we reasonably suspect fraud, theft, or Unauthorized Use. You acknowledge and agree that any Person with access to the email account or mobile telephone number you supply to us, or any device Access Device used in connection with such email account or mobile telephone number, will have the ability to claim the funds sent via Third Party Transfer Services, even if such Person is not whom you intended to receive such transfer. You agree that we will not be responsible for ensuring any funds sent via with Third Party Transfer Services are claimed by the recipient. If any funds sent via Third Party Transfer Services are not claimed within any time period established by us from time to time, you agree that we may reverse such transfer and credit the applicable funds to the Connected Account from which such transfer was sent. If we do so, we will not be liable for (ai) any interest that may have accrued on such funds or (bii) Fees and Expenses charged with respect to any Connected Accounts, during the time such funds were unclaimed.

Appears in 1 contract

Samples: Online Banking Services Agreement

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Third Party Transfer Services. We may allow you to send funds to third party recipients (a) using such third party’s 's email address or mobile telephone numbernumber or (b) if to such third party’s account held with us that we may allow, using the last four (4) digits of and email address associated with such account. We may provide such services through a vendor, and you authorize us to deliver any and all financial information necessary to complete transactions initiated through Third Party Transfer ServicesServices including but not limited to Account-to-Account Transfer Services (A2A), through which we may allow you to make a deposit from a Connected Account into a third party account held with us that we may allow using the last four (4) digits of and email address associated with such account. Please note that we may impose dollar amount, frequency, and other limitations on such third party transfers from time to time. You understand and agree that if we allow you to make such third party transfers; , we may suspend, restrict, or cancel any such third party transfer if we reasonably suspect fraud, theft, or Unauthorized Use. You acknowledge and agree that any Person with access to the email account or mobile telephone number you supply to us, or any device Compatible Device used in connection with such email account or mobile telephone number, will have the ability to claim the funds sent via Third Party Transfer Services, even if such Person is not whom you intended to receive such transfer. You agree that we will not be responsible for ensuring any funds sent via with Third Party Transfer Services are claimed by the recipient. If any funds sent via Third Party Transfer Services are not claimed within any time period established by us from time to time, you agree that we may reverse such transfer and credit the applicable funds to the Connected Account from which such transfer was sent. If we do so, we will not be liable for (ai) any interest that may have accrued on such funds or (bii) Fees and Expenses charged with respect to any Connected Accounts, during the time such funds were unclaimed.

Appears in 1 contract

Samples: Online Banking Services Agreement

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