Xxxxx® Payment Service. We have joined with the Zelle Network® (“Zelle®”) to provide a convenient way to transfer money between you and other Users using aliases, such as email addresses or mobile phone numbers. Zelle® provides no deposit account or other financial services. Zelle® neither transfers nor moves money. You may not establish a financial account with Zelle® of any kind. All money will be transmitted by a Network Financial Institution. The Zelle® Payment Service allows for the delivery of payments to Users who are also enrolled in the Zelle® Payment Service through a Payment Network designed to deliver payments on the same day and potentially within minutes, although actual speed will vary, as described below. Zelle® payments are not instantaneous. Payment delivery speed may vary based upon the fraud, risk, and other funds availability policies of each financial institution and Payment Network availability. Please note that when you make a Zelle® payment your Eligible Account must have a sufficient available balance to cover the payment at the time the Zelle® Payment Service attempts to execute the payment. The Zelle® Payment Service will not draw on any overdraft protection funding account that may be linked to your Eligible Account, so if your Eligible Account lacks a sufficient available balance to cover a Zelle® payment at the time the Zelle® Payment Service attempts to execute the payment, the payment may be rejected. However, once the Zelle® Payment Service successfully executes a Zelle® payment based on sufficient available funds at that time, it is possible that the payment may overdraw your Eligible Account or draw funds from a linked overdraft protection funding account in nightly transaction processing for the Eligible Account depending on the number and amount of additional items that are presented against the Eligible Account in nightly transaction processing.
Xxxxx® Payment Service. (Person-to-Person Payment Service) – For consumer deposit Accounts, if you enroll in the Xxxx Payment service and the Zelle Payment Service you may initiate a payment to a party maintaining a deposit account at an institution within the United States or you may receive a payment from a third party within the United States. Your use of Online and Mobile Banking to conduct these services is subject to the terms and limitations stated in this Agreement, any other applicable agreement, and the applicable instructions and disclosures we provide you. This Agreement, our Other Agreements with you, and our disclosures may limit your ability to initiate transactions, including limits or restrictions on the number and dollar amount or types of transactions that we may from time to time impose. As new services become available, by your use of such services, you agree to be bound by this Agreement and amendments to this Agreement regarding the new services and any additional rules which we provide you concerning the new services.
Xxxxx® Payment Service
