Xxxxx Payments. For Zelle® payments, you can initiate a Payment Instruction using the Receiver’s email address or mobile number, and the Zelle® Payment Service will validate the eligibility of the Receiver to receive a payment via Zelle® prior to transferring the funds. In most cases, when you send money using Zelle®, the transfer will occur in minutes; however, there are circumstances when delivery of the payment may take longer. For example, in order to protect you, us, Zelle® and the other Network Financial Institutions, we may need additional time to verify your identity or the identity of the Receiver. If you are sending money to someone who has not enrolled as a User with Xxxxx®, either via a Zelle® Standalone Location or a Network Financial Institution, he/she will receive a text or email notification instructing him/her on how to enroll to receive the money. You understand and acknowledge that a person to whom you are sending money and who is not enrolled as a User may fail to enroll with Zelle®, 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. If we delay or block a payment that you have initiated, we will notify you in accordance with your User preferences (i.e., email or push notification). We have no control over the actions of other Users, other Network Financial Institutions or other financial institutions that could delay or prevent your money from being delivered to the intended Receiver. In addition, in the case of all Two-Step Transfers, the deposit of the payment funds into the Receiver’s account (even if debited or withdrawn from your Eligible Account) may be delayed if the Receiver has not enrolled in Zelle®. The Zelle® Payment Service application in our Online Banking Service website or within our mobile banking application may contain additional information regarding the delivery of a payment to a Receiver. The Zelle® Payment Service application in our Online Banking Service website or within our mobile banking application may in some cases indicate that a Zelle® payment will require more than a Business Day to be completed. In such cases, you understand and agree that the processing of the Payment Instruction will begin and the debiting of your Eligible Account will occur as early as the day you submit the Payment Instruction. However, you and the Receiver should not expect the payment funds to be transferred into the Receiver’s Eligible Account any earlier than the next Business Day following the day you submit the Payment Instruction.
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Samples: Agreement and Disclosure Statement, www.regions.com, www.regions.com
Xxxxx Payments. For Zelle® Zelle payments, you can initiate a Payment Instruction using the Receiver’s email address or mobile number, and the Zelle® Zelle Payment Service will validate the eligibility of the Receiver to receive a payment via Zelle® Zelle prior to transferring the funds. In most cases, when you send money using Zelle®, the transfer will occur in minutes; however, there are circumstances when delivery of the payment may take longer. For example, in order to protect you, us, Zelle® Zelle and the other Network Financial Institutions, we may need additional time to verify your identity or the identity of the Receiver. If you are sending money to someone who has not enrolled as a User with Xxxxx®, either via a Zelle® Zelle Standalone Location or a Network Financial Institution, he/she will receive a text or email notification instructing him/her on how to enroll to receive the money. You understand and acknowledge that a person to whom you are sending money and who is not enrolled as a User may fail to enroll with Zelle®Xxxxx, 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. If we delay or block a payment that you have initiated, we will notify you in accordance with your User preferences (i.e., email or push notification). We have no control over the actions of other Users, other Network Financial Institutions or other financial institutions that could delay or prevent your money from being delivered to the intended Receiver. In addition, in the case of all Two-Step Transfers, the deposit of the payment funds into the Receiver’s account (even if debited or withdrawn from your Eligible Account) may be delayed if the Receiver has not enrolled in Zelle®. The Zelle® Zelle Payment Service application in our Online Banking Service website or within our mobile banking application may contain additional information regarding the delivery of a payment to a Receiver. The Zelle® Zelle Payment Service application in our Online Banking Service website or within our mobile banking application may in some cases indicate that a Zelle® Zelle payment will require more than a Business Day to be completed. In such cases, you understand and agree that the processing of the Payment Instruction will begin and the debiting of your Eligible Account will occur as early as the day you submit the Payment Instruction. However, you and the Receiver should not expect the payment funds to be transferred into the Receiver’s Eligible Account any earlier than the next Business Day following the day you submit the Payment Instruction.
Appears in 2 contracts
Samples: Agreement and Disclosure Statement, www.regions.com