Person to Person Payment Service. For consumer deposit Accounts, if you enroll in the person-to-person payment service offered through Popmoney (or such other service provider as the Bank may select from time-to-time), you may initiate a payment to a party maintaining a deposit account at an institution within the United States or you may receive a payment from a third party within the United States. We may introduce additional Alliance eBanking services from time to time and will notify you as new services become available. By using new Alliance eBanking services when they become available, you agree to be bound by this Agreement, any amendments to this Agreement regarding the new services, and additional rules and product schedules regarding the new services.
Person to Person Payment Service. Person to Person Payment (P2P) is a secure online, person-to-person payment service that allows you to electronically send money to virtually anyone who has a U.S. based email address and a deposit account at a U.S. financial institution.
Person to Person Payment Service. Person to Person (P2P) is available through Online Banking or Mobile Banking. P2P is a Service that allows you to send funds to individuals using only their email address or mobile phone number. P2P is provided to you and is governed by and subject to the terms and conditions set forth in the Person to Person Payment Service Agreement, which you must agree to when you begin to use P2P, in addition to the terms and conditions set forth in your Account Agreements and this Agreement. Recipients of funds via P2P can claim their funds through the online banking sites of financial institutions that offer personal payments using P2P. You may electronically schedule payments using the P2P Service. For the P2P Service, the amounts paid from your Accounts cannot be more than $2,500 each ($500 for new customers for first 90-days) or the total of all transactions cannot exceed $10,000 per day ($500 for new customers for first 90-days), or a maximum weekly amount of $25,000 ($3,500 for new customers for first 90-days) and maximum monthly amount of $50,000 ($10,000 for new customers for first 90-days). By using P2P, you agree (i) to comply with the Person to Person Payment Service Agreement regarding funds payments using the P2P Service; and (ii) that your remedies are limited to those available to you under the terms of your Account Agreements, the Electronic Fund Transfers Act, and this Agreement. At our discretion, we may refuse to process any payment that exceeds any of the above limits. In the case of a refused payment, you are responsible for making alternative arrangements or rescheduling the payment or payment within the P2P Service. The Person to Person Payment Service Agreement may be changed by the Bank from time to time. In such an event, the Bank will provide you notice. Any use of the P2P Service after you have been provided notice of a change will constitute your agreement to such change(s). Further, the Bank may revise or update the P2P Service and/or any related documentation and materials from time to time. The Bank has the right to terminate the P2P Service at any time without notice.
