Common use of Authorized Transfers Clause in Contracts

Authorized Transfers. You are liable for all Electronic Fund Transfers that you authorize, whether directly or indirectly. ● Unauthorized Transfers: Tell the Program Manager at once if you believe your account or PIN is lost or stolen or has been or may be subject to unauthorized Electronic Fund Transfers. Telephone the Program Manager immediately at the number provided in Section 3 below to keep your possible losses to a minimum. ● Additional Disclosures for Unauthorized Transfers for Consumer Accounts Only: o You could lose all the money in your account(s) (plus the amount of funds available in an overdraft line of credit). If you tell the Program Manager within two (2) business days after learning of the loss or theft of your Debit Card, ATM card, or other account access device, or after learning of any other unauthorized transfers from your account involving your Debit Card, ATM card, or other account access device, you can lose no more than $50 if Electronic Fund Transfers are made without your permission. For these transactions, if you DO NOT tell the Program Manager within two (2) business days after learning of the loss, theft or unauthorized use, and we can establish that we could have prevented the unauthorized transfer(s) if you had told the Program Manager in time, you could lose as much as $500. If you are a California resident, you will not be liable for the $500 amount described in the prior sentence for unauthorized Debit Card or ATM transactions; however, if you fail to report an unauthorized use that appears on a periodic statement within 60 days of our transmittal of your periodic statement, then you may be liable for the amount of each unauthorized transfer that occurs after the close of the 60 days and before you provide notice to the Program Manager, unless the delay in notifying the Program Manager was due to extenuating circumstances beyond your reasonable control. o Also, if your periodic account statement shows unauthorized transfers and you DO NOT tell the Program Manager within sixty (60) days after the statement was mailed or made available to you, you may not get back any money you lose after the sixty (60) day period if we can prove that we could have prevented the unauthorized transfer(s) if you had told the Program Manager in time. If an extenuating circumstance (such as extended travel or hospitalization) prevents you from promptly notifying the Program Manager of a suspected lost or stolen card or other access device or of any other suspected unauthorized transfer(s), the time periods specified in this subpart may be extended for a reasonable period. ● Visa Debit Card Purchases: Your liability limits for Electronic Fund Transfers involving unauthorized Visa® Debit Card purchases are different from your liability limits noted here. Please refer to your agreement and disclosure statement for your Debit Card for these limits. Telephone Number and Address to contact: If you believe your account(s) has been or will be subject to unauthorized Electronic Fund Transfers, contact the Program Manager at the telephone number and address set forth in the Account Terms & Conditions or otherwise provided to you by the Program Manager. Bank Business Days: Monday through Friday, excluding holidays. Account Access: The types of Electronic Fund Transfers that you may make depend upon specific account type(s) and the services which you obtain, as well as the specific types of Electronic Fund Transfers you have authorized.

Authorized Transfers. You We are not liable for your authorized B2B Transfers. When you give someone your Access Codes, you are authorizing that person to use the Service on your behalf and you are responsible for all Electronic Fund Transfers transactions the person performs using the Service. All transactions that person performs even those transactions you did not intend or want performed are authorized transactions. If you notify us that the person is no longer authorized, then transactions that person performs after the time you notify us are considered unauthorized. Transactions from which you benefit are also authorized transactions. Transactions that you authorizeor someone acting with you initiates with fraudulent intent are also authorized transactions. If you believe your Access Codes have been lost or stolen, whether directly or indirectlythat someone has transferred or may transfer money from your account without your permission, you should change your Access Codes immediately by using the “Options” tab in Online Banking and then contact us by calling ▇▇▇-▇▇▇-▇▇▇▇, sending us a secure email through Online Banking, or writing to us at The Bank of New Glarus, ▇▇ ▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. ● Unauthorized Transfers: Tell the Program Manager at once You should notify us AT ONCE by calling 608-527-5275 if you believe any of your account accounts have been accessed by an unauthorized person through the Service or PIN is lost or if your Access Codes have been lost, stolen or has been or may be subject otherwise becomes available to an unauthorized Electronic Fund Transfersperson. Telephone Telephoning is the Program Manager immediately at the number provided in Section 3 below to keep best way of keeping your possible losses to a minimumdown. ● Additional Disclosures for Unauthorized Transfers for Consumer Accounts Only: o You could lose all the money in your account(s) (plus the amount of funds available in an overdraft line of credit)accounts. If you tell the Program Manager within two (2) business days after learning of the loss or theft of your Debit Card, ATM card, or other account access device, or after learning of any other unauthorized transfers from your account involving your Debit Card, ATM card, or other account access device, you You can lose no more than $50 if Electronic Fund Transfers are made without your permission. For these transactions, if you DO NOT tell the Program Manager notify us within two (2) business days after learning of discovering any unauthorized use of the loss, theft Service or unauthorized use, and we can establish that we could have prevented the unauthorized transfer(s) if you had told the Program Manager in timeyour Access Codes. However, you could can lose as much as $500. If you are a California resident, you will not be liable for the $500 amount described in the prior sentence for unauthorized Debit Card or ATM transactions; however, if you fail to report an unauthorized use that appears on a periodic statement do not notify us within 60 two business days of our transmittal of your periodic statement, then you may be liable for discovering the amount of each unauthorized transfer that occurs after the close of the 60 days and before you provide notice to the Program Manager, unless the delay in notifying the Program Manager was due to extenuating circumstances beyond your reasonable control. o Also, if your periodic account statement shows unauthorized transfers and you DO NOT tell the Program Manager within sixty (60) days after the statement was mailed or made available to you, you may not get back any money you lose after the sixty (60) day period if we can prove that we could have prevented the unauthorized transfer(s) transfer had we been notified. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days of the date we provide a periodic statement to you, you may not get any money you lost after the 60 days if we show that we could have stopped someone from taking the money if you had told the Program Manager us in time. If an extenuating circumstance a good reason (such as extended travel a long trip or hospitalizationa hospital stay) prevents kept you from promptly notifying telling us, we will extend the Program Manager time periods. These provisions addressing your liability for unauthorized transfers using the Service supersede any inconsistent provisions you may have received at account opening and such provisions are no longer in effect or are deemed amended to be consistent with this Agreement. We, or a third party acting as our agent, are responsible for completing B2B Transfers on time, according to your properly entered and transmitted instructions. If you have given us all of the proper and timely instructions and have properly completed all fields to complete a suspected lost B2B Transfer from an Internal Eligible Account, and we do not complete a B2B Transfer to or stolen card from your Internal Eligible Account on time or in the correct amount according to our agreement with you, subject to the limitations contained in this Agreement, we will be liable for your losses or damages proximately caused by our failure. However, we will not be responsible for your losses under the following circumstances:  If a financial institution mishandles or delays crediting a payment transferred by the Service.  If, through no fault of ours, your account does not contain sufficient funds to make the transfer.  If the money in your account is subject to legal process or other encumbrances restricting the transfer.  If the transfer, through no fault of ours, would have caused you to exceed your available credit, including the credit limit on your overdraft credit plan, if any.  If a system was not working properly and the breakdown should have been apparent when you attempted to conduct the transfer.  If circumstances beyond our control (such as fire, power failure or natural disaster) prevent, delay, intercept or alter the transaction or use of the Service despite reasonable precautions that we have taken.  If incomplete or inaccurate information is forwarded to us by you or a third-party involving an account or transfer.  If you have not provided us with complete and correct payment information.  If you have not properly followed the instructions for using the Service, as provided in this Agreement.  If your operating system is not properly installed or functioning properly.  For errors or failures from any malfunctions of your browser, internet service provider, computer, computer virus or other problems relating to the computer equipment you use with the Service, including, without limitation, your inability to access device the Service or any part of the Service.  For a failure to provide access or for interruptions in access to the Service due to Service system failure.  For delays due to OFAC (Office of Foreign Assets Control) or other screening processes deemed necessary by the Bank, or governed by law.  If we have a reasonable basis for believing that unauthorized use of your Access Codes or account has occurred or may be occurring, if you default under this Agreement, our Deposit Account Rules, a credit agreement or any other suspected unauthorized transfer(s)agreement with us, the time periods specified in or if we or you terminate this subpart Agreement. There may be extended for a reasonable period. ● Visa Debit Card Purchases: Your other exceptions to our liability limits for Electronic Fund Transfers involving unauthorized Visa® Debit Card purchases are different from your liability limits noted here. Please refer to your agreement and disclosure statement for your Debit Card for these limits. Telephone Number and Address to contact: If you believe your account(s) has been or will be subject to unauthorized Electronic Fund Transfers, contact the Program Manager at the telephone number and address set forth as stated in the our Deposit Account Terms & Conditions or otherwise provided to you by the Program Manager. Bank Business Days: Monday through Friday, excluding holidays. Account Access: The types of Electronic Fund Transfers that you may make depend upon specific account type(s) and the services which you obtain, as well as the specific types of Electronic Fund Transfers you have authorizedRules.