Common use of Daily Limits Clause in Contracts

Daily Limits. Finductive shall apply specific and industry-based daily limits to all Payment Accounts. Payment limits can be modified according to the Account Holder’s needs and requests. It is to be noted that any increase in daily limit carries an inherent exposure to the risk of suffering material financial losses in the case of a fraud or phishing attacks on the Account Holder. Therefore, the Account Holder assumes full responsibility when asking for an increase of the standard daily limits on their Payment Account.

Daily Limits. Finductive shall apply specific and industry-based daily limits to all Payment Accounts. Payment limits can be modified according to the Account HolderXxxxxx’s needs and requests. It is to be noted that any increase in daily limit carries an inherent exposure to the risk of suffering material financial losses in the case of a fraud or phishing attacks on the Account Holder. Therefore, the Account Holder assumes full responsibility when asking for an increase of the standard daily limits on their Payment Account.