Common use of Linking a Third Party Bank Account Clause in Contracts

Linking a Third Party Bank Account. You may link your bank account at another financial institution located in the U.S. (“Linked Account”) to your Account in order to transfer funds between your Linked Account and your Account. You represent and warrant: (1) that you have the right to authorize any and all charges and debits to the Linked Account; (2) the Linked Account is held at a depository institution located in the U.S.; and (3) you are individually or jointly the owner of the Linked Account. You will indemnify and hold us harmless from any claims by any person related to the Linked Account, including any other owner of the Linked Account. You are not permitted to link your Account with a credit, debit, gift, or other type of card issued by a third party or another bank. You may deposit funds into or withdraw funds from your Account by using the Platform to initiate an Automated Clearing House transfer to or from the Linked Account. Requests for ACH debits to the Linked Account that are made before 2:00 PM ET on a business day shall be considered received on the business day the request is made. Requests for ACH debits to the Linked Account that are made after 2:00 PM ET on a business day or on a non-business day, shall be considered received the next business day.

Linking a Third Party Bank Account. You may link your bank account at another financial institution located in the U.S. (“Linked Account”) to your Account in order to transfer funds between your Linked Account and your Account. You represent and warrant: (1) that you have the right to authorize any and all charges and debits to the Linked Account; (2) the Linked Account is held at a depository institution located in the U.S.; and (3) you are individually or jointly the owner of the Linked Account. You will indemnify and hold us harmless from any claims by any person related to the Linked Account, including any other owner of the Linked Account. You are not permitted to link your Account with a credit, debit, gift, or other type of card issued by a third party or another bank. You may deposit funds into or withdraw funds from your Account by using the Platform to initiate an Automated Clearing House transfer to or from the Linked Account. Requests for ACH debits to the Linked Account that are made before 2:00 PM ET on a business day shall be considered received on the business Business day the request is made. Requests for ACH debits to the Linked Account that are made after 2:00 PM ET on a business day or on a non-business day, shall be considered received the next business day.