Common use of Liability for Failure to Make Transfers Clause in Contracts

Liability for Failure to Make Transfers. 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: • If, through no fault of ours, you do not have enough money in your account to make the transfer. • If the transfer would go over the credit limit on your overdraft line. • If the ATM where you are making the transfer does not have enough cash. • If the ATM, terminal or system was not working properly and you knew about the breakdown when you started the transfer. • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. • If the funds are subject to legal process or other encumbrance restricting the transfer. • If the account becomes dormant, in which case we may terminate electronic funds transfer access to that account. • If your card or PIN has been terminated or deactivated by us due to inactivity or at our discretion. • There may be other exceptions stated in our agreement with you.

Liability for Failure to Make Transfers. 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: •  If, through no fault of ours, you do not have enough money in your account to make the transfer. •  If the transfer would go over the credit limit on your overdraft line. •  If the ATM where you are making the transfer does not have enough cash. •  If the ATM, terminal or system was not working properly and you knew about the breakdown when you started the transfer. •  If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. •  If the funds are subject to legal process or other encumbrance restricting the transfer. •  If the account becomes dormant, in which case we may terminate electronic funds transfer access to that account. •  If your card or PIN has been terminated or deactivated by us due to inactivity or at our discretion. •  There may be other exceptions stated in our agreement with you.