Effective Date: September 1st, 2025
These Transfer to Anyone Terms and Conditions (“Terms”) govern the use of the Transfer to Anyone feature provided by GrabrFi (“we,” “us,” or “our”). By using this feature, you (“you,” “Sender,” or “Recipient”) agree to these Terms, along with GrabrFi’s Terms of Service, Privacy Policy, and any other applicable policies governing your GrabrFi account.
GrabrFi is a product of Grabr, Inc. Grabr, Inc. is a financial technology company, not a bank. Banking services are provided by Regent Bank, Member FDIC. FDIC insurance only covers the failure of insured depository institutions. Certain conditions must be satisfied for pass-through FDIC deposit insurance to apply.
1. Overview of Transfer to Anyone
The Transfer to Anyone feature allows GrabrFi users (“Senders”) to send funds to both existing and non-existing GrabrFi users (“Recipients”) via a shareable link.
If the Recipient has an active GrabrFi account, they may claim the funds immediately.
If the Recipient does not have a GrabrFi account, they must register for a GrabrFi account and complete the Know Your Customer (KYC) verification process to claim the funds.
Funds are held in a transit account until claimed.
If the Recipient fails to claim the transfer within 20 days, or if their GrabrFi account application is denied, the funds will be returned to the Sender’s account.
2. Eligibility & Account Requirements
2.1 Sender Eligibility
To use Transfer to Anyone, you must:
Be an active GrabrFi account holder in good standing;
Have sufficient funds available in your GrabrFi account to cover the transfer amount;
Not be subject to any restrictions, account holds, or fraud investigations by GrabrFi.
2.2 Recipient Eligibility
A Recipient must:
Have or create a GrabrFi account;
Successfully complete KYC verification before receiving the funds;
Meet all eligibility requirements set by GrabrFi (e.g., country of residence, age, regulatory compliance).
If the Recipient does not meet these requirements, they will not be able to claim the funds, and the transfer will be canceled and the funds will automatically return to the sender.
3. How Transfers Work
3.1 Initiating a Transfer
The Sender enters the transfer amount and an optional message.
The Sender confirms the transaction using 2FA authentication.
Funds are debited from the Sender’s account and placed in a GrabrFi transit account.
A unique, time-limited claim link is generated and must be shared with the Recipient.
3.2 Claiming a Transfer
If the Recipient is an existing GrabrFi user, they can claim the funds immediately.
If the Recipient is new to GrabrFi, they must:
Register for a GrabrFi account;
Complete KYC verification before receiving the funds.
Once the Recipient begins the claim process, the transfer is locked to their account, preventing anyone else from claiming it.
3.3 Transfer Expiration & Return of Funds
The Recipient has 20 days to claim the transfer.
If the transfer is not claimed within this period, it will expire, and funds will be automatically returned to the Sender’s account.
If the Recipient fails KYC verification or their account is denied, the funds will be returned to the Sender.
3.4 Sender-Initiated Cancellation
The Sender may cancel the transfer anytime before the funds are credited to the Recipient’s account.
Once the Recipient has successfully claimed the funds, the transfer cannot be reversed.
4. Fees & Transfer Limits
The same fees and transfer limits that apply to internal transfers on GrabrFi apply to Transfer to Anyone transactions.
GrabrFi reserves the right to impose or adjust transaction limits and fees as needed for security, regulatory compliance, or fraud prevention.
5. Fraud Prevention, Security & Compliance
5.1 KYC & AML Compliance
GrabrFi is required to comply with U.S. financial regulations, including the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) rules. As such:
All transfers are subject to fraud monitoring and compliance checks.
GrabrFi may delay, hold, cancel, or reject transfers if fraud, illegal activity, or regulatory violations are suspected.
GrabrFi reserves the right to deny a Recipient’s ability to claim funds if they fail KYC verification or present compliance risks.
5.2 Unauthorized Transactions & Reversals
Once the Recipient claims the transfer, the transaction is final.
GrabrFi is not responsible for incorrect transfers resulting from user error (e.g., sharing the link with the wrong person).
If GrabrFi detects unauthorized activity, we may reverse a transaction, return funds to the Sender, or freeze the account in question.
6. Disclaimer of Liability
GrabrFi does not guarantee that a Recipient will successfully register or claim funds.
GrabrFi is not liable for transfers sent to unintended Recipients due to user error.
GrabrFi is not responsible for third-party access to claim links if a Sender shares the link with unauthorized persons.
Transfers may be delayed, canceled, or rejected due to fraud, compliance issues, or technical reasons beyond GrabrFi’s control.
7. Changes to These Terms
GrabrFi reserves the right to modify these Transfer to Anyone Terms at any time. Changes will become effective upon posting. Continued use of the feature constitutes acceptance of the revised terms.
8. Contact Information
For questions about these terms or issues with a transfer, please contact GrabrFi Customer Support at:
📧 [email protected] or 📱inside the app.