Authorization for Bank. Customer authorizes and directs Bank to act upon and follow any instructions received through AuburnBank Online and transactions initiated using the applicable Security Procedures or Security Codes, unless and until Customer has notified Bank, according to notification procedures prescribed by Bank, that the Security Procedures or Security Codes have been stolen, compromised, or otherwise become known to persons other than Authorized Users and until Bank has had a reasonable opportunity to act upon such notice. Customer agrees that the initiation of a transaction using applicable Security Procedures or Security Codes constitutes sufficient authorization for Bank to execute such transaction notwithstanding any particular signature requirements identified on any authorization or other documents relating to Customer’s Accounts, and Customer agrees and intends that the submission of orders and instructions using Security Procedures or Security Codes shall be considered the same as Customer’s written signature in authorizing Bank to execute such transaction. Customer agrees that Customer shall be bound by any and all transactions and activity effected through the Service through the use of such Security Procedures or Security Codes and is liable for all transactions made or authorized with the use of the Security Procedures or Security Codes, whether by Authorized Users (as hereinafter defined) or an unauthorized person using such Security Procedures or Security Codes. Bank has no responsibility for establishing the identity of any person who uses the Security Procedures or the Security Codes. Customer further agrees that if Customer gives the Security Codes to anyone or fails to safeguard their secrecy, Customer does so at its own risk because anyone with the Security Codes will have access to the Accounts. By directing Bank, through the use of AuburnBank Online and the Security Procedures or the Security Codes, to transfer funds or make a payment of any kind, Customer authorizes Bank to withdraw from the Account the amount of funds required to complete the transaction. Any requests or instructions Bank receives through the AuburnBank Online using the Security Procedures or the Security Codes, shall constitute writings with Customer’s signature as provided under applicable law, and shall have the same force and effect as a writing signed by Customer. This includes requests with respect to funds in any Account, stop payment orders, bill payment instructions, pe...
Authorization for Bank. Customer authorizes and directs Bank to act upon instructions received through AuburnBank Online using the Security Codes. Customer is liable for all transactions made or authorized with the use of the Security Code, whether by Authorized Users (as hereinafter defined) or an unauthorized person using the Security Code. Bank has no responsibility for establishing the identity of any person who uses the Security Codes. Customer agrees that if Customer gives the Security Codes to anyone or fails to safeguard their secrecy, Customer does so at its own risk since anyone with the Security Codes will have access to the Accounts. By directing Bank, through the use of AuburnBank Online and the Security Codes, to transfer funds or make a payment of any kind, Customer authorizes Bank to withdraw from the Account the amount of funds required to complete the transaction. Any requests or instructions Bank receives through the AuburnBank Online using the Security Codes shall constitute writings with Customer’s signature as provided under applicable law, and shall have the same force and effect as a writing signed by Customer. This includes requests with respect to funds in any Account, wire transfer instructions, stop payment orders, ACH Entries, bill payment instructions, changes to Accounts or Services or any other communication provided through AuburnBank Online using the Security Codes.
