Common use of Your Mobile Wallet Clause in Contracts

Your Mobile Wallet. The Mobile Wallet is a prefunded Mobile Wallet. The Mobile Wallet allows you to access funds loaded or deposited to your Mobile Wallet Account by you or on your behalf. The funds in your Mobile Wallet Account are not FDIC-insured. You may access the funds in your Mobile Wallet Account by using your Mobile Wallet, Mobile Wallet Number, by automated clearinghouse (ACH) load and offload, Credit and Debit Mobile Wallet Load using your Account Number, Bank Teller Loads, Remote Check Deposit, Cash Load or ATM Cash Load (as described in the Section below titled “FEES: Loading Money”). Your Mobile Wallet account is not a credit facility. The Mobile Wallet is not a gift Mobile Wallet, nor is it intended for gifting purposes. The funds in your Mobile Wallet Account will not expire and will need to be transferred to your bank account or withdrawn from the system prior to the deactivation of your Mobile Wallet account should you wish to terminate your Mobile Wallet Account. Mobile Wallet account users must transfer all available funds to their Bank Account or other means supplied prior to deactivating your Mobile Wallet Account. Funds remaining in your Mobile Wallet Account Balance will be lost if Deactivating the Mobile Wallet Account prior to the transfer of your Mobile Wallet Available account balance.

Appears in 5 contracts

Samples: Mygenesis Wallet Agreement, Mygenesis Wallet Agreement, Ipsipay Agreement

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