Basic Online Banking Sample Clauses

Basic Online Banking. The Basic Online Banking is an Internet-based service that enables you to access your Accounts and to facilitate certain electronic services online. Subject to the Bank’s prior approval and system limitations, your Basic Online Banking Service may include the following: • View balances and account history on your linked Accounts; • Enroll in electronic statements or notices; • Transfer funds between eligible linked Accounts, including on-us loan payment transfers but excluding certificates of deposit transfers; • Request stop payments on checks; • Order checks; • Change of address or personal information; • Initiate bill payments (“Bill Payment Service”); and • Enroll in electronic bill presentment. If prompted by the Basic Online Banking Service, you will appoint an individual to act as an Administrator with the authority to determine who will be authorized to use the Basic Online Banking Services on your behalf. The Administrator will be able to designate additional Authorized Users and remove existing Authorized Users. The Administrator will also determine what Basic Online Banking Services will be available to particular Authorized Users, when to change passwords and any limitations on the use of the Services by individual Authorized Users. You agree that passwords will be changed with sufficient frequency to protect confidentiality, and in any event no less frequently than every one hundred and eighty (180) days. The Bank will not control or oversee the Administrator function. You agree to all action taken by the Administrator or any Authorized User designated or authorized by the Administrator, and all such persons are your agents for purposes of use of Basic Online Banking Services, each authorized to act individually or in concert. The fact that the Bank is, or may be made aware of, or could have discovered, any limitation on access to the Basic Online Banking Service does not make the Bank obligated to enforce or attempt to enforce any limitation. You understand that the Administrator and each Authorized User may utilize Basic Online Banking Services (including inquiries, transfers and account verification) without regard to any restrictions otherwise applicable to an Account. For example, the Administrator and each Authorized User will be able to utilize the Basic Online Banking Services regardless of whether they are also authorized signers on your signature card.