Common use of Description of the Services Clause in Contracts

Description of the Services. We have partnered with Zelle to enable a convenient way to transfer money between you and other Users. Zelle provides no deposit account, meaning you cannot establish a bank account with Zelle. Zelle facilitates the transfer of money by Network Institutions; it does not transfer or move money. The Services enable you: (1) to initiate a payment from an Eligible Transaction Account to a person with an account at a U.S. financial institution; and/or (2) to receive a payment from another person into your Eligible Transaction Account, in U.S. dollars. All of your payments sent or received through the Site are subject to the terms of this Agreement and applicable laws and regulations, in each case as in effect from time to time. THE SERVICES ARE INTENDED TO SEND MONEY TO FRIENDS, FAMILY AND OTHERS YOU TRUST. YOU SHOULD NOT USE THE SERVICES TO SEND MONEY TO RECEIVERS WITH WHOM YOU ARE NOT FAMILIAR OR THAT YOU DO NOT TRUST. You understand that use of the Services shall at all times be subject to this Agreement. We provide the following payment services under this Agreement: (i) transfers of money to a person using an alias for such person, such as an email address or mobile phone number (the “Zelle Service”); (ii) sending money to a person if you provide the Eligible Transaction Account information and other contact information for such person; (iii) making a one-time payment to a person for which processing shall be initiated at a specified date up to one (1) year later; and (iv) establish a recurring series of payments to a person for which processing shall be initiated on certain dates you specify (clauses (ii), (iii) and (iv) and any other payment services that we provide under this Agreement are collectively referred to herein as the “Other Services”). The Other Services are not sent via Zelle. Although future-dated payments and recurring payments are scheduled outside of the Zelle Service, we may ultimately send those transactions via Zelle when the applicable date of payment arrives, in which case the applicable payment transaction is part of the Zelle Service, not the Other Services. In some instances, payments may be made or received through other locations besides our Site, such as the Zelle mobile application (“Zelle Standalone Locations”). If you choose to initiate or receive a payment at a Zelle Standalone Location, those payments shall be subject to the terms of other agreements, including, but not limited to, the “terms of use” for the Zelle Standalone Locations and applicable laws and regulations, in each case as in effect from time to time. Subject to the terms of this Agreement, the Services are generally available 24 hours, seven days a week, with the exception of outages for maintenance and circumstances beyond our or Zelle’s control. Live customer service generally will be available Monday through Friday, 8:00 am – 8:00 pm Eastern Time, and Saturday, 9:00 am – 1:00 pm Eastern Time, in each case excluding U.S. financial institution holidays.

Description of the Services. We have partnered with Zelle to enable a convenient way to transfer money between you and other Users. Zelle provides no deposit account, meaning you cannot establish a bank account with Zelle. Zelle Xxxxx facilitates the transfer of money by Network Institutions; it does not transfer or move money. The Services enable you: (1) to initiate a payment from an Eligible Transaction Account to a person with an account at a U.S. financial institution; and/or (2) to receive a payment from another person into your Eligible Transaction Account, in U.S. dollars. All of your payments sent or received through the Site are subject to the terms of this Agreement and applicable laws and regulations, in each case as in effect from time to time. THE SERVICES ARE INTENDED TO SEND MONEY TO FRIENDS, FAMILY AND OTHERS YOU TRUST. YOU SHOULD NOT USE THE SERVICES TO SEND MONEY TO RECEIVERS WITH WHOM YOU ARE NOT FAMILIAR OR THAT YOU DO NOT TRUST. You understand that use of the Services shall at all times be subject to this Agreement. We provide the following payment services under this Agreement: (i) transfers of money to a person using an alias for such person, such as an email address or mobile phone number (the “Zelle Service”); (ii) sending money to a person if you provide the Eligible Transaction Account information and other contact information for such person; (iii) making a one-time payment to a person for which processing shall be initiated at a specified date up to one (1) year later; and (iv) establish a recurring series of payments to a person for which processing shall be initiated on certain dates you specify (clauses (ii), (iii) and (iv) and any other payment services that we provide under this Agreement are collectively referred to herein as the “Other Services”). The Other Services are not sent via Zelle. Although future-dated payments and recurring payments are scheduled outside of the Zelle Service, we may ultimately send those transactions via Zelle when the applicable date of payment arrives, in which case the applicable payment transaction is part of the Zelle Service, not the Other Services. In some instances, payments may be made or received through other locations besides our Site, such as the Zelle mobile application (“Zelle Standalone Locations”). If you choose to initiate or receive a payment at a Zelle Standalone Location, those payments shall be subject to the terms of other agreements, including, but not limited to, the “terms of use” for the Zelle Standalone Locations and applicable laws and regulations, in each case as in effect from time to time. Subject to the terms of this Agreement, the Services are generally available 24 hours, seven days a week, with the exception of outages for maintenance and circumstances beyond our or Zelle’s Xxxxx’x control. Live customer service generally will be available Monday through Friday, 8:00 am – 8:00 pm Eastern Time, and Saturday, 9:00 am – 1:00 pm Eastern Time, in each case excluding U.S. financial institution holidays.