We review account and transaction activity at various times, including when you initiate a withdrawal of funds out of Cheddar Up. We may use proprietary fraud and risk modeling when completing this review and assessing the risk associated with your Cheddar Up account. This review checks for, among other things, suspicious or illegal activity, and whether your account activity and the activity of users with whom you’ve transacted comply with the Cheddar Up User Agreement.
Review may result in:
- delayed, blocked or canceled transfers;
- funds being held by Cheddar Up;
- funds being applied to a negative Cheddar Up account balance or used to offset loss incurred by Cheddar Up;
- account suspension or termination;
Among other reasons, we may take the above actions if you knowingly or unknowingly received a payment that was made from a stolen card, or compromised bank account. In connection with our review process, you may be required to provide us with additional information and/or documentation to verify your identity. We may limit your account and your access to funds in it until verification is completed.