Network Bank definition

Network Bank means any financial institution that has partnered with Zelle.

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Network Bank means a financial institution that has elected to participate in the Zelle Payment Network.

Network Bank means a financial institution participating from time to time in the clearXchange or Zelle digital payments network, other than Chase.

Examples of Network Bank in a sentence

• If the person you sent money to has already enrolled with ▇▇▇▇▇, either in the Zelle mobile app or with a Network Bank, the money is sent directly to their bank account (except as otherwise provided below) and may not be canceled or revoked.

• If you are sending money to someone who has not enrolled as a User with ▇▇▇▇▇, either in the Zelle mobile app or with a Network Bank, they will receive a text or email notification instructing them on how to enroll to receive the money.

• For avoidance of doubt, this term shall apply in full irrespective of the type of entity that is interoperating with others, such as a Relying Party, Identity Provider, Digital Platform, Payment Network, Bank, Financial Service Provider, Mobile Network, non-profit entity, or other.

• If the person you sent money to has already enrolled with Zelle, either in the Zelle mobile app or with a Network Bank, the money is sent directly to their bank account (except as otherwise provided below) and may not be canceled or revoked.

• If the person you sent money to has already enrolled with Zelle®, either in the Zelle® mobile app or with a Network Bank, the money is sent directly to their bank account (except as otherwise provided below) and may not be canceled or revoked.

• If you are sending money to someone who has not enrolled as a User with Zelle®, either in the Zelle® mobile app or with a Network Bank, they will receive a text or email notification instructing them on how to enroll to receive the money.

• In addition, in the event of a failure of a Network Bank, you may be requested to provide certain personal information for the purposes of processing a claim to seek the associated FDIC insurance.

• If you are sending money to someone who has not enrolled as a User with Zelle, either in the Zelle mobile app or with a Network Bank, they will receive a text or email notification instructing them on how to enroll to receive the money.

• In addition, you agree to the deposit of your beneficial funds in any Network Bank and acknowledge that you may not restrict the underlying placement of funds deposited into any particular Network Bank.

• You understand that your funds at such Network Bank may not be fully insured by the FDIC in the event the aggregate balance of all accounts beneficially owned by you at such Network Bank exceeds the then current SMDIA, and thus, you may be subject to loss in the event of a failure of a Network Bank.

More Definitions of Network Bank

Network Bank means any financial institution which is participating in or cooperating with Zelle® and the Transfer Service. We are a Network Bank. "Transfer Transaction," “Transfer,” or “Payment” means a transaction initiated through the Transfer Service to: • transfer funds out of your Funding Account to a User; • receive a transfer of funds into your Deposit Account from a User; • send a request to a User asking the User to transfer funds to you using the Transfer Service; and/or • receive a request from a User asking you to transfer funds to them using the Transfer Service.

Network Bank means a financial institution participating from time to time in the Finastra digital payments network, other than Pacific Crest.

Network Bank means any financial institution which is participating in, or cooperating with Zelle and the Transfer Service. We are a Network Bank.

Network Bank or “Network Banks”: Has the meaning given to it in Section 5.01.

Network Bank means [NAME OF BANK AND ADDRESS]