Digital Banking Access Clause Samples
The DIGITAL BANKING ACCESS clause defines the terms under which a party is granted the ability to use online or electronic banking services provided by a financial institution. It typically outlines the procedures for obtaining login credentials, the scope of permitted transactions (such as viewing balances, transferring funds, or paying bills), and any security requirements or user responsibilities. This clause ensures that both parties understand the extent and limitations of digital banking privileges, helping to prevent unauthorized access and clarify liability in case of misuse.
Digital Banking Access. Digital Banking is offered as a convenience and supplemental service to in-person account management. It allows you access your Credit Union account information, make payments to payees, transfer funds and to conduct other banking transactions at your convenience. You must register to use these digital services prior to accessing your account electronically for the first time. You can enroll through any digital platform (desktop computer, mobile browser, or mobile app). We reserve the right to limit the types and number of accounts eligible and the right to refuse to make any transaction you request. We may also reserve the right to modify the scope of the Service at any time. You may access your Account through electronically to obtain balances, transaction history, and other information for all account under your Member Number. All Accounts will be linked by the means of the Member Number. Accounts that are linked together will appear together regardless to the ownership of those accounts. Monday-Friday, excluding federal holidays. Our holiday schedule can be viewed on our website. We will abide by the BFCU Privacy Policy in all transactions with you. Except as otherwise required by law, rule or regulation, we may change the terms of this Agreement from time to time and at any time. When changes are made, we will update this Agreement on the Website. The Website will be updated on the effective date, unless an immediate change is necessary to maintain the security of the system or unless a law, rule or regulation requires that it be updated at an earlier time. As always, you may choose to accept or decline changes by continuing or discontinuing the use of Online Banking or Mobile Banking. Changes to fees or terms applicable to Accounts are governed by the agreement otherwise governing the applicable account. A current fee schedule is available on the Website. There are no monthly fees for accessing Online Banking. Other fees may be assessed and billed separately by your online service provider or Device provider. All telephone or wireless charges associated with Online Banking or Mobile Banking are your responsibility. All other fees which have been separately disclosed to you in connection with your Account(s) will continue to apply to those Account(s) and to your Online Banking and Mobile Banking.
Digital Banking Access