Last Updated: July 6th 2026
This Section 8 governs your use of services for initiating electronic, bank-to-bank funds transfers in U.S. Dollars to accounts at financial institutions located within the United States (collectively, “Domestic Wire Transfers”). The Domestic Wire Transfers are a part of the “Services” as defined in the Lemma Terms of Use.
You must have an Account with us and a Deposit Account or Savings Account with one or more of our Banking Providers to access and use the Domestic Wire Services. Domestic Wire Transfers are processed by our Banking Providers, and your use of this service is governed by the applicable agreements of the Banking Providers and this Agreement.
You may submit an instruction for a Domestic Wire Transfer (“Wire Instruction”) through your Account in accordance with the Security Procedures outlined in this Agreement. You are solely responsible for the accuracy and completeness of all information provided in the Wire Instruction, including the beneficiary's name, account number, and routing number. We and our Banking Providers are not obligated to review your Wire Instructions for errors and may process the transfer based solely on the account or identifying number provided.
You authorize us and the Banking Provider to debit your Deposit Account or Savings Account for the Wire Instruction amount and any applicable fees. We will not accept a Wire Instruction if sufficient funds are not available in your Deposit Account or Savings Account to cover the transfer amount. The execution of a Domestic Wire Transfer is subject to the applicable Banking Provider's cutoff times.
You have no right to cancel or amend a Wire Instruction once it has been accepted by us or the Banking Provider. If you send us a request to cancel or amend a Wire Instruction, we may attempt to act on the request in our sole discretion, but neither we nor the Banking Provider will have any liability for the inability to effect such a request.
Domestic Wire Transfers are governed by this Agreement and applicable law, including, to the extent applicable, Article 4A of the Uniform Commercial Code.