Internet Business Banking Service Agreement - Union Bank

are not responsible for any loss or liability that you may incur due to inability to deposit, or delay in depositing,a check using Mobile Check Deposit.(i) A check deposit made using Mobile Check Deposit is subject to the same warranties and representations asthough the physical check were deposited, and is subject to the terms and conditions of your deposit account.19. PERSON-TO-PERSON PAYMENTS (SEND MONEY, Personal Accounts ONLY). Union Bank’s SendMoney service allows Online Banking customers, using your mobile wireless device, to initiate a fundstransfer from your Union Bank personal checking or money market account (“Funding Account”) to aconsumer or business located within the United States. To initiate the transfer, you must provide therecipient’s email address or mobile telephone number. After we process the transfer, the recipient willbe notified by email or mobile text message by PayPal, Inc., Union Bank’s third-party funds transmitterfor Send Money (“PayPal”), of the availability of transferred funds.(a) Send Money is conducted through Union Bank’s Mobile Banking application and requires you to havea mobile device with certain capabilities. For current device requirements, see Section 6 of thisAgreement.(b) In order to access funds transferred through Send Money, the recipient must have registered thereceiving email address or mobile wireless number with PayPal. In the event the recipient does notregister the email or mobile wireless number with PayPal, transferred funds will be returned to UnionBank 32 days after the date you initiated the transfer. Union Bank will credit the Funding Account for thefull amount of the returned transferred funds within 3 Business Days thereafter.(c) You agree that, each time you initiate a funds transfer using Send Money, you are authorizing andinstructing us and/or PayPal to send emails or text messages to the recipient on your behalf. You furtheragree that each person or business to whom we send emails or text messages on your behalf has givenyou permission for us to do so.(d) The Funding Account will be debited immediately for the amount of the transfer. You must havesufficient available funds in the Funding Account at the time you initiate a transfer through Send Money.If there are insufficient available funds in the Funding Account at the time you initiate the transfer, thetransfer will not be processed. We will not access overdraft protection or overdraft coverage services,such as Cash Reserve Account, Savings Overdraft Protection Plan, or overdraft coverage, to make up forany shortage in Available Funds.(e) We reserve the right to limit the frequency and dollar amount of transfers initiated through SendMoney. Such frequency and dollar limits may change from time to time without prior notice to you. If afunds transfer that you request would exceed any limits in effect at the time you initiate the transfer,the transfer will not be processed.(f) Once a funds transfer is initiated through Send Money, it cannot be modified. The transfer may becanceled only if the recipient has not registered the receiving email address or mobile wireless numberwith PayPal to accept the funds transfer. A transfer may be canceled only through Union Bank MobileBanking or Online Banking. If you cancel a transfer, we will re-credit the Funding Account within 3Business Days after cancellation.