Common use of Debit Transactions Clause in Contracts

Debit Transactions. Robinhood will initiate an ACH debit at My request to debit funds from an account that I own at another financial institution (“External Account”) for deposit into My Account. I understand that in order for Robinhood to initiate an ACH debit, the financial institution holding my External Account must participate in the ACH system. I understand that for the ACH transfers to be established, at least one common name must match exactly between My Account and My External Account. I authorize Robinhood to take such steps as it deems appropriate to verify my ownership of External Account, including by telling the bank at which such External Account is held that I have authorized and consented to such bank disclosing to Robinhood any information that Robinhood may request about Me or My External Account. I also agree to cooperate with Robinhood’s verification of my ownership of such External Account by promptly providing any identification and/or other documentation that Robinhood may request regarding such External Account. I represent and warrant that there are sufficient funds in My External Account to cover the amount of the deposit to My Account. Robinhood will initiate the ACH debit to My External Account on the Business Day or next Business Day after I request the transfer. A transfer request will be deemed to have been made on a Business Day if it is received by Robinhood by 7:00 p.m. (Eastern Time) on such Business Day; if received after that time, the transfer request will be deemed to have been made on the next Business Day. Within 60 days of the date of My ACH deposit, My funds may only be withdrawn to the External Account from which such funds were deposited. I understand that an ACH debit transfer may be reversed or rejected if: (A) there are insufficient funds in My External Account; (B) there is a duplicate transaction;

Debit Transactions. Robinhood will initiate an ACH debit at My request to debit funds from an account that I own at another financial financial institution (“"External Account”") for deposit into My Account. I understand that in order for Robinhood to initiate an ACH debit, the financial financial institution holding my External Account must participate in the ACH system. I understand that for the ACH transfers to be established, at least one common name must match exactly between My Account and My External Account. I authorize Robinhood to take such steps as it deems appropriate to verify my ownership of External Account, including by telling the bank at which such External Account is held that I have authorized and consented to such bank disclosing to Robinhood any information that Robinhood may request about Me or My External Account. I also agree to cooperate with Robinhood’s verification 's verification of my ownership of such External Account by promptly providing any identification identification and/or other documentation that Robinhood may request regarding such External Account. I represent and warrant that there are sufficient sufficient funds in My External Account to cover the amount of the deposit to My Account. Robinhood will initiate the ACH debit to My External Account on the Business Day or next Business Day after I request the transfer. A transfer request will be deemed to have been made on a Business Day if it is received by Robinhood by 7:00 p.m. (Eastern Time) on such Business Day; if received after that time, the transfer request will be deemed to have been made on the next Business Day. Within 60 days of the date of My ACH deposit, My funds may only be withdrawn to the External Account from which such funds were depositeddebited. I understand that an ACH debit transfer may be reversed or rejected if: (A) there are insufficient insufficient funds in My External Account; (B) there is a duplicate transaction;; (C) the transaction is denied by the bank holding My External Account; or (D) My External Account does not support ACH transfers. I acknowledge that in the event of an ACH reversal, I will incur a fee. Before initiating making an ACH debit transfer, I agree to check Robinhood Financial's most recent Commissions and Fees Schedule. I agree that I am solely liable and responsible for any ACH reversal fees that I incur.

Debit Transactions. Robinhood will initiate an ACH debit at My request to debit funds from an account that I own at another financial financial institution (“"External Account”") for deposit into My Account. I understand that in order for Robinhood to initiate an ACH debit, the financial financial institution holding my External Account must participate in the ACH system. I understand that for the ACH transfers to be established, at least one common name must match exactly between My Account and My External Account. I authorize Robinhood to take such steps as it deems appropriate to verify my ownership of External Account, including by telling the bank at which such External Account is held that I have authorized and consented to such bank disclosing to Robinhood any information that Robinhood may request about Me or My External Account. I also agree to cooperate with Robinhood’s verification 's verification of my ownership of such External Account by promptly providing any identification identification and/or other documentation that Robinhood may request regarding such External Account. I represent and warrant that there are sufficient sufficient funds in My External Account to cover the amount of the deposit to My Account. Robinhood will initiate the ACH debit to My External Account on the Business Day or next Business Day after I request the transfer. A transfer request will be deemed to have been made on a Business Day if it is received by Robinhood by 7:00 p.m. (Eastern Time) on such Business Day; if received after that time, the transfer request will be deemed to have been made on the next Business Day. Within 60 days of the date of My ACH deposit, My funds may only be withdrawn to the External Account from which such funds were deposited. I understand that an ACH debit transfer may be reversed or rejected if: (A) there are insufficient insufficient funds in My External Account; (B) there is a duplicate transaction;; (C) the transaction is denied by the bank holding My External Account; or (D) My External Account does not support ACH transfers. I acknowledge that in the event of an ACH reversal, I will incur a fee. Before initiating making an ACH debit transfer, I agree to check Robinhood Financial's most recent Commissions and Fees Schedule. I agree that I am solely liable and responsible for any ACH reversal fees that I incur.