Common use of Sending Limits Clause in Contracts

Sending Limits. Acculynk may, at its discretion, impose limits on the amount of money you can send through the P2P Payments service (in addition to any limits set by us). Transfers. When an Online Banking P2P Payments is made, the funds are immediately transferred from your account for Transfer and are credited to Acculynk to provide funds to the recipient. You agree that such requests constitute your authorization to us and Acculynk to make the Transfers. Once you have provided your authorization for the Transfer, you may not be able to cancel the electronic Transfer. Refused and Refunded Transactions. When you send money, the recipient is not required to accept it. You agree that you will not hold Acculynk or the Credit Union liable for any damages resulting from a recipient's decision not to accept a payment made through the service. We will return any unclaimed, refunded or denied payment to your Account within 30 Days of the date you initiate payment. If a payment is unclaimed, denied or refunded for any reason, we will return the money to your Account. If a recipient does not have an account with Acculynk, and does not set one up before 30 days has elapsed, you can request that the funds are returned to you before 30 days has elapsed by using the return function in the online banking P2P screen.

Appears in 2 contracts

Sources: User Agreement, User Agreement