10.A. General
10.B. Sending Money; Debits by Network Financial Institutions
10.C. Frequency of Transfer Transactions
10.D. Dollar Amount of Transfer Transactions for Sending Money
10.E. Transfer Transactions Subject to the Rules of the Funding Account
10.F. Transfer Transaction Descriptions
10.G. Failure or Rejection of Transfer Transactions
10.H. Authorization to Send Money and Suspense of Money
10.I. No Right to Cancel or Stop a Transfer Transaction
10.A. General
You may use the Zelle® Transfer Service to perform Transfer Transactions.
We may from time to time make available additional or new features to the Zelle® Transfer Service. We may at any time decline any Transfer Transaction that we believe may violate applicable law.
You represent and warrant to us that:
- all Transfer Transactions you initiate are for your own account, and not on behalf of another person,
- you are not receiving any fee or compensation from any other person in return for initiating a Transfer Transaction
10.B. Sending Money
i. General Information
You may send money to another User at your initiation or in response to that User’s request for money. For your protection, you should only send money to people and entities you know and trust. You understand that use of this Zelle® Transfer Service by you shall at all times be subject to (i) this Addendum, and (ii) your express authorization at the time of the transaction for us to initiate a debit entry to your Funding Account. You understand that when you send the payment, you will generally have no ability to stop it. You may only cancel a payment if the person to whom you sent the money has not yet enrolled their email address or U.S. mobile phone number in the Zelle® Transfer Service. If the person you sent money to has already enrolled with Zelle®, with a Network Financial Institution, the money is sent directly to their bank account (except as otherwise provided below) and may not be canceled or revoked.
ii. Timing of Transfer Transactions
In most cases, when you are sending money to another User, the transfer will occur in minutes; however, there are circumstances when the payment may take longer. For example, in order to protect you, us, Zelle® and the other Network Financial Institutions, we may need additional time to verify your identity or the identity of the person receiving the money.
If you are sending money to someone who has not enrolled as a User with Zelle®, or with a Network Financial Institution, they will receive a text or email notification instructing them on how to enroll to receive the money. You understand and acknowledge that a person to whom you are sending money and who is not enrolled as a User may fail to enroll with Zelle®, or otherwise ignore the payment notification and the transfer will not occur and funds will be returned to funding account.
The money may also be delayed or the transfer may be blocked to prevent fraud or comply with regulatory requirements. If we or Zelle® delay or block a payment that you have initiated, we will notify you in accordance with your communication preferences (i.e., email, push notification, text message).
Neither we nor Zelle® have control over the actions of other Users, other Network Financial Institutions or other financial institutions that could delay or prevent your money from being delivered to the intended User.
iii. Requirement for an Advanced Access Code
An Advanced Access code may be required when you send money to a User for the first time. We will send you an Advanced Access code to your mobile phone number on file. In most instances, we will be able to send you an Advanced Access code immediately; however, in some cases, there may be a delay in when you can initiate your transfer to a User for the first time.
You can find additional information about Advanced Access here:
https://www.wellsfargo.com/help/online-banking/advanced-access-faqs
10.C. Frequency of Transfer Transactions
We do not limit the number of transfers you may make; however, you may not make transfers in excess of the number allowed by the rules governing the applicable accounts. We may from time to time, for security and risk management reasons, modify the limit, the frequency, and the dollar amount of money you can send using the Zelle® Transfer Service.
10.D. Dollar Amount of Transfer Transactions for Sending Money
You may not send money in excess of the limits described below. The amount of money you can send will vary based on your account and online banking history, your recipient, and the transaction history for each recipient. Transfers from a Wells Fargo Bank Funding Account may be made up to a rolling 24-hour daily dollar limit of $3,500 and a 30-day rolling dollar limit of $20,000 for most consumer accounts. Those with a Small Business account relationship will have a rolling 24-hour dollar limit of $15,000 and a 30-day rolling dollar limit of $60,000. Higher limits may apply if you have a Premier Checking, Wells Fargo Advisors, or The Private Bank relationship. For your protection, transaction limits may be lower based on risk factors. For more details on applicable limits, log in to the Zelle® Transfer Service on Wells Fargo Online® or Wells Fargo Mobile®.
Sending limits applicable to Users at other financial institutions are governed by the User’s Financial Institution’s transfer service agreements.
We reserve the right to change the dollar amount of money you are permitted to send using the Zelle® Transfer Service without prior notice to you, unless otherwise required by applicable law or regulation. For example, in the event that your use of the Zelle® Transfer Service has been suspended and reinstated, you understand and agree that your use of the Zelle® Transfer Service thereafter may be subject to lower dollar amount limitations than would otherwise be permitted by us. All sending limits are subject to temporary reductions to protect the security of customer accounts and/or the Zelle® Transfer Service. Your sending limits may vary from those of other Users, depending upon criteria we establish.
10.E. Transfer Transactions Subject to the Rules of the Funding Account
All Transfer Transactions are subject to the rules and regulations governing your Funding Account. You agree not to initiate any payments from an account that are not allowed under the rules or regulations applicable to that account, including, without limitation, rules or regulations designed to prevent the transfer of funds in violation of OFAC regulations. You agree that any Transfer Transaction to a User’s account which is not with a Network Financial Institution will also be governed by the Nacha Operating Rules and any applicable card network rules (e.g., Visa or Mastercard).
10.F. Transfer Transaction Descriptions
We may, in our sole discretion, permit you to add a description or comment concerning the Transfer Transaction that will be transmitted to the recipient. You agree that if we permit you to add a description or comment concerning the payment to your recipient that you will not include inappropriate or abusive language, emojis, messages or content in the description or comment. You agree that we may monitor the contents of the description or comments for inappropriate or abusive content, in our sole and absolute discretion.
10.G. Failure or Rejection of Transfer Transactions
We do not make any representation or warranty that any particular Transfer Transaction can be completed, or that it can be completed within a particular period of time. Any estimate we may provide concerning the completion date for the Transfer Transaction is only an estimate, and is not binding on us. You understand and agree that we have no control over the actions of other Users, or of other financial institutions (including User’s Financial Institutions), that may prevent a Transfer Transaction from being completed, or may delay its completion. You understand and agree that we may not be able to complete a Transfer Transaction if:
- the receiving User does not enroll with the Zelle® Transfer Service; or
- the receiving User does not enroll with the Zelle® Transfer Service the specific email address, mobile phone number, or Zelle® tag you have provided to us for them.
Upon learning that a Transfer Transaction to send money from your Funding Account to a User cannot be completed for any reason, we may make a reasonable effort to complete the payment again. If the Transfer Transaction is not completed, we will notify you to contact your intended recipient.
If you do not have enough money in your Funding Account to make a Transfer Transaction, we may reject your request to initiate the Transfer Transaction.
We reserve the right to decline or cancel any payment instructions or orders or to carry out change or cancellation requests. We may, in our sole discretion, decline to initiate or complete a Transfer Transaction for any reason. We may, in our sole discretion, accept instructions from any User or from a User’s Financial Institution to block your attempts to use the Zelle® Transfer Service to initiate Transfer Transactions with that User or customers of that institution.
10.H. Authorization to Send Money and Suspense of Money
You agree that each payment instruction you give us is an authorization to send money on your behalf. You authorize us to withdraw the money from your Funding Account immediately upon receiving your instruction for the Transfer Transaction and to place the money in a suspense account pending completion of the Transfer Transaction. You understand and agree that in the case of a Transfer Transaction to a person who has not yet enrolled in the Zelle® Transfer Service, we may hold your money in the suspense account for up to fifteen business days before either returning the money to you or sending it to the recipient.
You understand that the User’s Financial Institution receiving the funds may require a User to manually accept each funds transfer you send to the User. If the User does not accept the funds transfer within the time frame set by the User’s Financial Institution, the funds will be returned to you. You understand and agree that we have no control over whether or not the User’s Financial Institution will require manual acceptance, or how long the User’s Financial Institution will hold the funds before returning them.
You authorize us to act as your agent in receiving and processing any return of money or Notification of Change received through the Automated Clearing House system.
10.I. No Right to Cancel or Stop a Transfer Transaction
Transfer Transactions that have been processed cannot be cancelled or stopped. You agree that you, and not we, will be responsible for resolving any payment dispute with any User to whom you send money through a Transfer Transaction, except as otherwise provided by law or regulation (including, to the extent applicable, the protections described in Section 13 relating to EFTs for consumer accounts).