Liability for Failure to Make. “Electronic Fund Transfers”: If we do not complete an “electronic fund transfer” as described in Section 4, to or from your accounts on time or in the correct amount according to our agreements with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: If, through no fault of ours, you do not have enough money in your account make the transfer. If there is not enough money in your account, in excess of amounts you have pledged to us as collateral for a loan, to make the transfer. If funds in your account are subject to garnishment or other legal process. If we have, because of your default on a loan, exercised our rights against the funds in a pledged account. If the transfer would go over the credit limit on your overdraft line. If the automated teller machine where you made the transfer did not have cash. If circumstances beyond our control, such as fire or flood, prevent the transfer, despite reasonable precautions we have taken. We will also be excused from such liability if you fail to observe the terms of this agreement, or our account agreements with you, which relate to such “electronic funds transfers”.
Liability for Failure to Make. “Electronic Fund Transfer”: If we do not complete an “electronic fund transfer,” as described in Section 4, to or from your account(s) on time or in the correct amount according to our agreements with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: • If, through no fault of ours, you do not have enough money available in your account to make the transfer. • If there is not enough money in your account, in excess of amounts you have specifically pledged to us as collateral, to make the transfer. • If funds in your account are subject to garnishment or other legal process which prevents the making of the transfer. • If we have, because of your default, exercised our rights against the funds in your account pursuant to a pledge of those funds you gave us. • If the transfer would go over the credit limit on your overdraft line. • If the ATM where you are making the transaction does not have enough cash. • If you use or try to use your ATM card or your PIN after your right to use it has been cancelled. • If circumstances beyond our control prevent the transfer, despite reasonable precautions that we have taken. • We will also be excused from such liability if you fail to observe the terms and conditions of this agreement, our Speedy Line program, our Internet Home Banking program, our Mobile Banking program, or our account agreements with you, as they relate to “electronic fund transfers.”
Liability for Failure to Make. A TRANSFER If we fail to make a transfer on time and/or in the correct amount, we will be liable to you for your losses or damages caused as a result. However, there are some exceptions. We will not be liable if, for instance: * Through no fault of ours, you do not have enough money in your account to make the transfer. * If a legal order directs us to prohibit withdrawals from your account(s). * If your account(s) have been frozen or closed. * If the transfer will allow you to exceed your credit limit set up to cover overdrafts. * If you, or anyone authorized by you, commits fraud or violates any law or regulation. * If the electronic terminal, telecommunication device, or any other part of the system is not working properly, and you knew about the problem prior to making the transfer. * If you have provided us with incomplete or inaccurate information for the transfer. * If you have not properly followed the on screen instructions for use of the system. * If circumstances beyond our control, such as fire, flood, interruption in telephone service, interruption of electrical service, etc. prevent the transfer despite reasonable precautions we have made. YOUR LIABILITY FOR UNAUTHORIZED TRANSFERS CONTACT US AT ONCE if you think your password has been lost, stolen, used without your authorization or otherwise compromised. Also contact us at once if someone has or you believe will transfer money from your account without your consent. An immediate telephone call to us is the best way to reduce any possible losses. You could lose all of the money in your account(s) plus your maximum line of credit, if any. If you contact us within two (2) business days after you learn of the loss of your PIN, password or other access device, you can lose no more than $50 if someone accesses your account without your permission. If you do not contact us within two (2) business days after discovery of the loss, theft, compromise, or unauthorized use of your password, User ID, PIN and/or other access device, and we prove that we could have stopped the unauthorized access to your account had we learned the information, your loss could be as much as $500. Also, if your statement shows transfers you did not make, contact us at once. If you do not notify us within sixty (60) days after the statement is transmitted to you, you may not get back any money you lost through transactions made after the sixty (60) day time period, if we can prove that we could have prevented the loss if you ...
Liability for Failure to Make. Transfer If we do not complete a transfer 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:
Liability for Failure to Make. Transfers If the Credit Union does not complete a transfer to or from your account on time or in the correct amount according to our Agreement with you, the Credit Union will be liable for your losses or damages. However, there are some exceptions. For example, the credit union will NOT be liable for: • Preauthorized transfers, if through no fault of the Credit Union, the payment information for a preauthorized transfer is not received, • If through no fault of the Credit Union there is not enough money in your accounts to complete the transaction, • If any funds in your accounts necessary to complete the transaction are held as uncollected funds or pursuant to the Credit Union’s current Funds Availability Policy, • If you used your Card or PIN in an incorrect manner, • If the ATM where you are making the transfer does not have enough cash, • If the ATM was not working properly and you knew about the problem when you started the transaction, • If circumstances beyond our control such as a ÿre, ˛ood, or power failure prevent this transaction, • If the transaction(s) exceed the established daily limits, • If the money in your account is subject to legal process or other claims, • If funds in your account are pledged as collateral or frozen because of a delinquent loan, • If the error was caused by a computer system of any participating ATM network, • If the electronic transfer is not completed as a result of your willful or negligent use of your Debit Card, PIN, or any EFT facility for making such transfers, • Any other exception as established by the Credit Union.
