Common use of Electronic Statements Clause in Contracts

Electronic Statements. If Client elects to receive electronic statements, Bank may discontinue sending paper statements and make periodic statements available to Client in electronic form only. This includes, but is not limited to, ongoing terms currently provided on the back of Client’s paper statement, notices posted as messages on the face of the statement, and all notices or other communications that accompany mailed statements. Each electronic statement will be available for Client’s viewing, downloading or printing for a minimum of 12 months from the date of the statement period. Client agrees to review Client’s electronic statements in a timely manner, just as Client would paper statements, and to promptly notify Bank of any errors, unauthorized activity or other problems, as provided in Bank’s agreement with Client. Client will be deemed to receive electronic statements when they are made available to Client. Any time periods within which Client must notify Bank of any problems or errors reflected on Client’s statement(s) will begin on the date Bank makes the electronic statement available to Client, regardless of when it is actually viewed by Client. If Client cannot access, print or view an electronic statement, Client agrees to contact Bank immediately at 800.797.6324 to make alternate arrangements. Client agrees to periodically logon and check on the delivery of new electronic statements.