Reject. (i) We may reject the Payment Message if: 1. The Account identified in the Payment Message is: a) Closed, invalid, or being monitored for fraudulent or other illegal activity, or b) Is not a “transaction account” as defined in the Federal Reserve Board’s Regulation D (12 C.F.R. Part 204); 2. You elected to block the Account from RTP; or 3. The RTP cannot be accepted for legal or regulatory compliance reasons. (ii) If we reject the RTP, it will not be made available in the Account and will be returned to the Sending Participant.
Appears in 2 contracts
Sources: Deposit Agreement, Deposit Agreement