Common use of Electronic Transfers Clause in Contracts

Electronic Transfers. Where the service is made available to you, you may use digital funds transfer services provided by us in association with third parties such as Interac E-Transfer to send and receive money using Digital Banking Services. To send money using our digital money transfer services, you must provide the recipient’s email address, device phone number or other information, and you must have consent to provide such information. You must complete all requirements of the process for making and receiving transfer services. We may pay a transfer to anyone who claims it as the recipient and correctly answers applicable security questions or other verifications, whether or not that person is the person you intended to receive the transfer. We will not be liable for losses you incur as a sender or recipient of money using our digital money transfer services, including losses resulting from funds being received by someone other than the intended recipient or delay or error in processing by the third party.