Receiving Funds Sample Clauses
The 'Receiving Funds' clause defines the procedures and requirements for how one party will accept payments or transfers of money under the agreement. It typically outlines the acceptable methods of payment, such as wire transfer or check, and may specify the timing, currency, and account details for receiving funds. This clause ensures that both parties are clear on the logistics of payment, reducing the risk of delays, misdirected funds, or disputes over payment fulfillment.
Receiving Funds. 14.1.1. Through the EmbassyCard App any Merchant may choose what proportion of the Redeem Balance for Settlement and to deposit to their bank account as a Withdrawal from EmbassyCard (“Cash Withdrawal”). Funds in your Redeem Balance may also be loaded to your EmbassyCard Card as a Merchant – See 14.2 below.
14.1.2. Where you opt to receive funds on your Card, the funds are processed from the Redeem Balance and transfer to your EmbassyCard as stored value and, immediately available to you for spending as digital cash or Card-2-Bank transaction, or Card-2- Card digital cash transfer to friends and family.
Receiving Funds. If another person (a “Sender”) instructs us to transfer funds to you and you choose to have the funds deposited to your primary deposit account, you authorize us to deposit the funds to your primary deposit account and represent to us that you are the person intended by the Sender to receive the funds. As with sending funds, you acknowledge that there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to your primary deposit account.
Receiving Funds. If another person (a “Sender”) instructs us to transfer funds to your account, you authorize us to deposit the funds to your account and represent to us that you are the person intended by the Sender to receive the funds. As with sending funds, you acknowledge that there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to your account. You may only receive up to $1,000 per day or $2,500 in any 30 day period using our Service. For security reasons, we may also limit the number of transfers you can receive through the Service.
Receiving Funds. If another person (a “Sender”) instructs us to transfer funds to your account, you authorize us to deposit the funds to your GoBank account and represent to us that you are the person intended by the Sender to receive the funds. As with sending funds, you acknowledge that there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to your account. You may only receive up to $2,000 per day or $5,000 in any 30 day period using our Service.
Receiving Funds. 31.1 If We receive a payment that has been sent through our Service to you, We will pay that amount to You when it becomes clear funds, usually less than 3 business days from receipt.
31.2 If You receive funds through Our Services you must pay any applicable fees for receiving the funds into Your account.
31.3 If We have placed a hold on a transaction we will not transfer the funds related to that transaction until the hold is released.
31.4 You must ensure the details of the Service Provider’s Bank Account are correct.
31.5 If a transaction for which We have paid You is subsequently dishonoured, You must repay us that amount within 5 days. We can debit Your bank account to make this happen.
Receiving Funds. If another person (a “Sender”) instructs us to transfer funds to your account, you authorize us to deposit the funds to your account and represent to us that you are the person intended by the Sender to receive the funds. As with sending funds, you acknowledge that there will be a delay between the time you are notified of a pending transfer and the date funds are deposited to your account. In any rolling 30-day period, you may only receive up to $500.00 in the aggregate across all Green Dot products that you may have (including Green Dot Bank accounts and prepaid cards issued by Green Dot Bank). For security reasons, we may also limit the number of transfers you can receive through the Service.
Receiving Funds. Ensure timely and accurate receipt of WDB funds from federal and state sources, recording all fund transfers and managing deposits in compliance with relevant regulations.
Receiving Funds