Common use of Funds and Processing Clause in Contracts

Funds and Processing. You must have sufficient funds in your Account to send money to a recipient. If you do not have sufficient funds in your account, we reserve the right to refuse to transmit the payment. While most transfers are completed within minutes, some transfers may take additional time to complete. It is your sole responsibility to ensure that you initiate transfers to recipients with sufficient time to meet any deadline or other time frame imposed by you or a recipient. If a transfer is initiated from your Account and authenticated according to the Security Procedures—including but not limited to biometric authentication such as touch authentication—you will be responsible for the transfer, regardless of mistake, error, or fraud, subject to Applicable Law.