P2P Transfer definition

P2P Transfer means any person‐to‐person ACH or other electronic transfer of cash which is either initiated by you or by a third‐party sending money to you.
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P2P Transfer means an electronic movement of funds from your account to another party by means of the P2P (Person-to-Person) Payments Service offered within online banking. "Payment Instruction" is the information provided by you to us for a bill payment to be made to the Xxxxxx via the Bill Payment Service (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).
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P2P Transfer means an assignment by us of a specified quantity of your interest(s) in one or more Supported Cryptocurrencies to a specified Existing Customer.
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Examples of P2P Transfer in a sentence

  • SoFi Bank Customers who wish to pay bills should use the SoFi Bank Bill Pay Service rather than the SoFi Bank P2P Transfer Service.

  • If you schedule a Bill Pay Payment, P2P Transfer or other payment to be processed at a future date, you must ensure that there are sufficient funds in the Account on the date the money will be withdrawn from your Account, or it will not be processed.

  • The SoFi Bank P2P Transfer Service is intended for personal use and is not to be used for commercial purposes.

  • Therefore, the timing of the ultimate receipt and availability of a P2P Transfer sent by ACH is not controlled by SoFi Bank.

  • SoFi Bank is not liable for any damages you may sustain in the event a recipient or his/her financial institution rejects a proposed P2P Transfer.

  • SoFi Bank will not be responsible for any costs or losses you may incur (including fees, costs, charges, attorneys’ fees, investment losses, claims, demands, or liability resulting from any litigation or other actions) as a result of its decision to decline any Bill Pay Payment, P2P Transfer, ATM withdrawal, etc., or its decision to not honor a check presented for payment or other transaction because your Account has insufficient funds.

  • When you send a P2P Transfer, neither the recipient nor the recipient’s financial institution is required to accept it.

  • SoFi Bank reserves the right to charge a fee for a declined payment or a returned check, or Bill Pay Payment or P2P Transfer for which there are insufficient funds.

  • In the event a P2P Transfer is not accepted by the recipient or his/her financial intuition for any reason, the proposed Payment Amount will be refunded to your SoFi Bank Account or, if the transfer has not yet been initiated, any hold placed on your Account with respect to the proposed Payment Amount will be released.

  • Once the P2P Transfer is completed, it will be listed under “Completed Activities” and you no longer will have the ability to cancel it.


More Definitions of P2P Transfer

P2P Transfer means an assignment by us of a specified quantity of your interest(s) in one or more Supported Cryptocurrencies to a specified Existing Member.
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P2P Transfer. – means the “Peer to Peer” transfer feature in the App which enables you to access the Facility and Available Balance to transfer funds to another Facility holder who has registered via the App.
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Related to P2P Transfer

  • Excluded Transfer means any transfer of VRDP Shares (1) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Transfer Agreement means the agreement providing for a transfer of structured settlement payment rights.