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at a future date, you must ensure that there are sufficient funds in the Account on the date the money will be withdrawn from your Account, or it will not be processed.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.

  • 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.

  • The SoFi Bank P2P Transfer Service can be used for domestic payments only.

  • 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

  • Transfer Form means a standardized form prescribed by the Management Company to be duly filed by the investor to transfer Units and will be stated in this Offering Document.

  • Transfer Instruction is a specific information provided for a transfer to be made that you provide to the Account to Account Transfer Service for a transfer of funds.

  • 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.

  • Restricted Transfer means: 1.1.10.1 a transfer of Company Personal Data from any Company Group Member to a Contracted Processor; or 1.1.10.2 an onward transfer of Company Personal Data from a Contracted Processor to a Contracted Processor, or between two establishments of a Contracted Processor, in each case, where such transfer would be prohibited by Data Protection Laws (or by the terms of data transfer agreements put in place to address the data transfer restrictions of Data Protection Laws) in the absence of the Standard Contractual Clauses to be established under section [6.4.3 or] 12 below;