Common use of FINANCIAL INSTITUTION’S LIABILITY Clause in Contracts

FINANCIAL INSTITUTION’S LIABILITY. If we do not complete a transfer to or from your account on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:  Through no fault of Beacon Business Bank, you do not have enough money in your account to make the transfer.  The transaction would have caused you to exceed your available credit on your overdraft line (if applicable).  Circumstances beyond our control (such as fire, flood, power outage, equipment or technical failure or breakdown) prevent the transfer, despite reasonable precautions that we have taken.  There is a hold on your account, or if access to your account is blocked in accordance with banking policy.  The computer or related system was not working properly and you knew about the breakdown when you started the transfer.  Your funds are subject to legal process or other encumbrance restricting the transfer. There may be other exceptions stated in this agreement and in other agreements with you.

FINANCIAL INSTITUTION’S LIABILITY. If we do not complete a transfer to or from your account on time or in the correct amount according to our Agreement agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:  Through • If, through no fault of Beacon Business Bankours, you do not have enough money in your account to make the transfer.  • The transaction transfer would have caused you to exceed your available go over the credit limit on your overdraft line (if applicable).  • Circumstances beyond our control (such as e.g., fire, flood, power outage, equipment or technical failure or breakdown) that prevent the transfer, despite reasonable precautions that we have taken.  There is a hold on your account, or if access to your account is blocked in accordance with banking policy.  Treasury Management Services FM 299 ONLINE BANKING ACCESS AGREEMENT & ELECTRONIC FUND TRANSFER ACT DISCLOSURE • The computer or related system was not working properly and you knew about the breakdown when you started the transfer.  • Your funds are subject to legal process or other encumbrance encumbrances restricting the transfer. There may be other exceptions stated in this agreement Agreement and in other agreements with you.

FINANCIAL INSTITUTION’S LIABILITY. If we do not complete a transfer to or from your account Account on time or in the correct amount according to our Agreement agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:  Through  If, through no fault of Beacon Business Bankours, you do not have enough money in your account Account to make the transfer.   The transaction transfer would have caused you to exceed your available go over the credit limit on your overdraft line (if applicable).   Circumstances beyond our control (such as e.g., fire, flood, power outage, equipment or technical failure or breakdown) prevent the transfer, despite reasonable precautions that we have taken.  There is a hold on your account, or if access to your account is blocked in accordance with banking policy.   The computer or related system was not working properly and you knew about the breakdown when you started the transfer.   Your funds are subject to legal process or other encumbrance encumbrances restricting the transfer. There may be other exceptions stated in this agreement Agreement and in other agreements with you.