The Transfer Service Through Zelle Network Sample Clauses

The "Transfer Service Through Zelle Network" clause defines the terms and conditions under which users can send and receive money using the Zelle payment network. It typically outlines eligibility requirements, the types of accounts that can be linked, and the process for initiating transfers through the service. By establishing clear rules for using Zelle, this clause ensures that both the service provider and the user understand their rights and responsibilities, thereby reducing confusion and facilitating secure, efficient electronic payments.
The Transfer Service Through Zelle Network. ® “Transfer Service”
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The Transfer Service Through Zelle Network. ® “Transfer Service” a. Description of Services i. We have partnered with the Zelle Network (“Zelle”) to enable a convenient way to transfer money using the App between you and others who are enrolled directly with Zelle® or enrolled with another financial institution that partners with Zelle (each, a “User”) using aliases, such as email addresses or mobile phone numbers (the “Transfer Service”). We will refer to financial institutions that have partnered with Zelle as “Network Banks.” ii. Zelle provides no deposit account or other financial services. Zelle neither transfers nor moves money. You may not establish a financial account with Zelle of any kind. All money will be transmitted by a Network Bank. iii. THE SERVICE IS INTENDED TO SEND MONEY TO FRIENDS, FAMILY AND OTHERS YOU TRUST. YOU SHOULD NOT USE THE SERVICE TO SEND MONEY TO RECIPIENTS WITH WHOM YOU ARE NOT FAMILIAR OR YOU DO NOT TRUST.
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