Common use of Limitations of Services Clause in Contracts

Limitations of Services. We reserve the right to restrict or close your account for the following reasons (but not limited to): (i) we believe that we may suffer a loss if the account is not closed (ii) the volume of account activity exceeds that which we can reasonably and safely process including excessive Reg D transactions (iii) the activity exceeds what is deemed reasonable and consistent with the type of account (iv) we determine that any party related to the account or those claiming an interest in the account have been abusive in the use of the account or in the conduct of his or her affairs with us (v) we are unable to verify your identity in accordance with our Identification Policy (vi) we suspect fraudulent or suspicious activity (vii) you demonstrate negligence in protecting your password(s), PIN, checks, or other account authorization information (viii) you attempt to circumvent our policies and procedures (ix) you refuse to provide information and/or documentation needed to facilitate a transaction or service (x) your balance remains below Par value ($25.00) required minimum for six months (xi) you incur excessive overdrafts, returned unpaid items, or returned payments or deposits (xii) a change in account ownership or a change with regard to the persons authorized to sign on the account has occurred. What this means to you as a member is that we reserve the right to determine if certain activity on the account is within the scope of “usual or customary.” We reserve the right to question account owners to our satisfaction and our decisions will be final. You further understand and agree that we will impose restrictions, as described below, if you are delinquent or in default on any loan or other financial obligation owed to us. It is our policy to restrict account services, including but not limited to the right to maintain certain accounts, access and utilize our property or have direct contact with our employees. The privilege to use optional services, such as: Courtesy Pay, Skip-a-Pay, mobile deposit, and/or rewards programs are subject to restrictions if you abuse your account. The availability to use electronic fund transfers via a debit card, Online Banking, Mobile or Text Banking is subject to restrictions as well. If we have notified you to cease certain transactions and the activity continues, we will either restrict your services or close your account. Personal account(s) or business account(s) not ceasing requested activity will have limited member services and are subject to being reduced to Primary Savings only (we will never take away your “Fundamental Rights”; refer to “Member in Good Standing”). Unless expelled from membership, members have a right to maintain a Primary Savings account and vote in annual and special meetings. By opening an account with us, you have agreed to these terms. We will suspend your rights to services if you violate the terms of this agreement. You understand and agree that, unless required by law, we are not obligated to provide you with advance notice of our restriction of your account(s) or services. We may provide reasonable notice depending on the circumstances. As an account holder, you are encouraged to review any communications we provide to you regarding your accounts or services. Under certain circumstances, services may be reinstated if any loss caused to us is subsequently cured or if we, in our sole discretion, determine the conditions which led to the restrictions are no longer warranted.

Limitations of Services. When using the Service, you may experience technical or other difficulties. We will attempt to post alerts on our website or send you a text message to notify you of these interruptions in Services. We cannot assume responsibility for any technical, other difficulties or any resulting damages that you may incur. Some of the Services have qualification requirements, and we reserve the right to change the qualifications at any time without prior notice. We reserve the right to restrict change, suspend, or close discontinue the Services, in whole or in part, or your account for the following reasons (but not limited to): (i) we believe that we may suffer a loss if the account is not closed (ii) the volume of account activity exceeds that which we can reasonably and safely process including excessive Reg D transactions (iii) the activity exceeds what is deemed reasonable and consistent with the type of account (iv) we determine that any party related to the account or those claiming an interest in the account have been abusive in the use of the account Service, in whole or in part, immediately and at any time without prior notice to you. Availability of Service. While we will make every effort to decline transactions while your card is in a deactivated state, we cannot guarantee that all such transactions will be declined due to circumstances beyond our control. You acknowledge that the conduct deactivation function is reliant on computer and/or telecommunication systems. Disruptions to these systems may result in the authorization of his or her affairs with us (v) we are unable to verify your identity transactions, even when the card is in accordance with our Identification Policy (vi) we suspect fraudulent or suspicious activity (vii) you demonstrate negligence in protecting your password(s), PIN, checks, or other account authorization information (viii) you a deactivated state. Reactivation of cards may be unavailable during certain times of day. We will attempt to circumvent our policies and procedures (ix) notify you refuse to provide information and/or documentation needed to facilitate a transaction or service (x) your balance remains below Par value ($25.00) required minimum for six months (xi) you incur excessive overdrafts, returned unpaid items, or returned payments or deposits (xii) a change in account ownership or a change with regard to the persons authorized to sign on the account has occurred. What this means to you as a member is that we reserve the right to determine if certain activity on the account is within the scope of “usual or customary.” We reserve the right to question account owners to our satisfaction and our decisions will be finalthese times. You further understand acknowledge that system disruptions may prevent the reporting of a lost card through the service. Transactions are covered by the protections offered by MasterCard and agree that we will impose restrictionsregulatory agencies, as described belowin the Electronic Funds Transfer Agreement and Disclosure, if you which is included as part of the Credit Union’s Membership and Account Agreement. You are delinquent responsible for monitoring your account activity, whether electronically or by checking your statements. Use of the Service does not override the user’s responsibility to report unauthorized transactions in default on any loan or other financial obligation owed to us. It is our policy to restrict account services, including but not limited to a timely manner as described in the right to maintain certain accounts, access Electronic Funds Transfer Agreement and utilize our property or have direct contact with our employeesDisclosure. The privilege Credit Union assumes no responsibility for failure of the Service to use optional serviceswork in the expected manner, such as: Courtesy Payaside from the responsibilities put forth in said agreement. Travel notifications initiated through the Service are not immediate. These notifications are manually placed, Skip-a-Payand as such, mobile deposit, and/or rewards programs are subject to restrictions will not be put in place until the following business day if you abuse your account. The availability to use electronic fund transfers via a debit card, Online Banking, Mobile or Text Banking the notification is subject to restrictions as well. If we have notified you to cease certain transactions and made during hours the activity continues, we will either restrict your services or close your account. Personal account(s) or business account(s) credit union is not ceasing requested activity will have limited member services and are subject to being reduced to Primary Savings only (we will never take away your “Fundamental Rights”; refer to “Member in Good Standing”). Unless expelled from membership, members have a right to maintain a Primary Savings account and vote in annual and special meetings. By opening an account with us, you have agreed to these termsopen for business. We will suspend your rights make every effort to services if you violate place the terms of this agreement. You understand and agree that, unless required by law, we are not obligated to provide you with advance notice of our restriction of your account(s) or services. We may provide reasonable notice depending on the circumstances. As an account holder, you are encouraged to review any communications we provide to you regarding your accounts or services. Under certain circumstances, services may be reinstated if any loss caused to us is subsequently cured or if we, notifications in our sole discretion, determine the conditions which led to the restrictions are no longer warranteda timely manner.