Authorization to Credit Your Account Sample Clauses
The 'Authorization to Credit Your Account' clause grants permission for a party, typically a financial institution or service provider, to deposit funds directly into the account holder's designated account. In practice, this clause enables automatic credits such as refunds, payments, or adjustments to be processed without requiring additional consent each time a transaction occurs. Its core function is to streamline financial operations and ensure timely, efficient handling of account credits, reducing administrative delays and providing clarity on how funds will be managed.
Authorization to Credit Your Account. All transfers of money to you shall be performed by a Network Financial Institution at the direction of that Network Financial Institution’s customer and at all times subject to the terms and conditions of the relevant service agreement between that Network Financial Institution and its customer, including without limitation any restrictions or prohibitions on permissible transactions. Once a User initiates a Zelle® transfer of money to your email address, mobile phone number, or Zelle® tag enrolled with the Zelle® Payment Service, you have no ability to stop the transfer. By using a P2P Service, you authorize us to initiate credit entries to the Eligible Account you have enrolled. If another person wants to initiate a Payment Instruction via Zelle® (including in response to a Zelle® Payment Request, if applicable) using the Zelle® Payment Service to an Eligible Account you hold, he/she can do that from his/her Eligible Account at a financial institution that participates in the Zelle® Payment Service or at a Zelle® Standalone Location. If you as a Requestor want to initiate a Zelle® Payment Request, you can do that from the Zelle® Payment Service application in our Online Banking Service website or within our mobile banking application or at a Zelle® Standalone Location. If you are receiving a payment from a business or government agency, your payment will be delivered in accordance with both this Agreement and the procedures of the business or government agency that is sending you the payment.
Authorization to Credit Your Account. All transfers of money to you shall be performed by a Network Financial Institution at the direction of that Network Financial Institution’s customer and at all times subject to the terms and conditions of the relevant service agreement between that Network Financial Institution and its customer, including without limitation any restrictions or prohibitions on permissible transactions. Once a User initiates a Zelle® transfer of money to your email address, mobile phone number, or Zelle® tag enrolled with the Zelle® Payment Service, you have no ability to stop the transfer. By using a P2P Service, you authorize us to initiate credit entries to the Eligible Account you have enrolled. If another person wants to initiate a Payment Instruction via Zelle® (including in response to a request for money, if applicable) using the Zelle® Payment Service to an Eligible Account you hold, he/she can do that from his/her Eligible Account at a Network Financial Institution. If you as a Requestor want to initiate a request for money, you can do that from the Zelle® Payment Service application in our Online Banking Service website or within our mobile banking application.