OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. If we do not complete a transfer to or from your account on time or in the correct amount according to this Agreement, we will be liable for your losses or damages. There are some exceptions, however. We will not be liable, for instance, if: • You fail to provide us with timely, complete and accurate information for any transaction; • Through no fault of ours, you do not have enough available funds or credit availability in your account to make the payment or transfer; • The payment or transfer would exceed the credit limit under any credit arrangement established to cover negative balances; • Your computer, Internet connection, and/or software malfunctioned for any reason, or the transaction could not be completed due to Service unavailability; • Circumstances beyond our control (such as fire, flood, water damage, power failure, strike, labor dispute, computer breakdown, telephone line disruption, or a natural disaster) prevent or delay the transfer despite reasonable precautions taken by us; • The system or terminal was not working properly and you knew, or should have known, about the problem when you started the transaction; • The funds in your account are subject to legal process, an uncollected funds hold, or are otherwise not available for withdrawal; • The payment account is closed or frozen; • The information supplied by you or a third party is incorrect, incomplete, ambiguous, or untimely; • You did not properly follow Service instructions on how to make the transfer or payment (this includes incorrect date, amount, and/or address information); • You did not authorize a payment early enough for the payment to be scheduled, transmitted, received, and credited by the payee’s Due Date; • We made a timely payment, but the payee refused to accept the payment or did not promptly credit your payment after receipt; or • Any third party through whom any bill payment is made fails to properly transmit the payment to the intended payee. There may be other exceptions stated in our other agreements with you.
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OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. If we do not complete a transfer to or from your account on time or in the correct amount according to this Agreement, we will be liable for your losses or damages. There are some exceptions, however. We will not be liable, for instance, if: • You fail to provide us with timely, complete and accurate information for any transaction; • Through no fault of ours, you do not have enough available funds or credit availability in your account to make the payment or transfer; • The payment or transfer would exceed the credit limit under any credit arrangement established to cover negative balances; • Your computer, Internet connection, and/or software malfunctioned for any reason, or the transaction could not be completed due to Service unavailability; • Circumstances beyond our control (such as fire, flood, water damage, power failure, strike, labor dispute, computer breakdown, telephone line disruption, or a natural disaster) prevent or delay the transfer despite reasonable precautions taken by us; • The system or terminal was not working properly and you knew, or should have known, about the problem when you started the transaction; • The funds in your account are subject to legal process, an uncollected funds hold, or are otherwise not available for withdrawal; • The payment account is closed or frozen; • The information supplied by you or a third party is incorrect, incomplete, ambiguous, or untimely; • You did not properly follow Service instructions on how to make the transfer or payment (this includes incorrect date, amount, and/or address information); • You did not authorize a payment early enough for the payment to be scheduled, transmitted, received, and credited by the payee’s Due Date; • We made a timely payment, but the payee refused to accept the payment or did not promptly credit your payment after receipt; or • Any third party through whom any bill payment is made fails to properly transmit the payment to the intended payee. There may be other exceptions stated in our other agreements with you.
Appears in 1 contract
Samples: Online Banking Agreement
OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. If we do not complete a transfer to or from your account on time or in the correct amount according to this Agreement, we will be liable for your losses or damages. There are some exceptions, however. We will not be liable, for instance, if: • You fail to provide us with timely, complete and accurate information for any transaction; • Through no fault of ours, you do not have enough available funds or credit availability in your account to make the payment or transferortransfer; • The payment or transfer would exceed the credit limit under any credit arrangement established to cover negative balancesnegativebalances; • Your computer, Internet connection, and/or software malfunctioned for any reason, or the transaction could not be completed due to Service unavailability; • Circumstances beyond our control (such as fire, flood, water damage, power failure, strike, labor dispute, computer breakdown, telephone line disruption, or a natural disaster) prevent or delay the transfer despite reasonable precautions taken by us; • The system or terminal was not working properly and you knew, or should have known, about the problem when you started the transaction; • The funds in your account are subject to legal process, an uncollected funds hold, or are otherwise not available for withdrawal; • The payment account is closed or frozen; • The information supplied by you or a third party is incorrect, incomplete, ambiguous, or untimely; • You did not properly follow Service instructions on how to make the transfer or payment (this includes incorrect date, amount, and/or address information); • You did not authorize a payment early enough for the payment to be scheduled, transmitted, received, and credited by the payee’s Due Date; • We made a timely payment, but the payee refused to accept the payment or did not promptly credit your payment after receipt; or • Any third party through whom any bill payment is made fails to properly transmit the payment to the intended payee. There may be other exceptions stated in our other agreements with you.. YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS. Tell us AT ONCE if you believe your Password or other means to access your account has been lost, stolen, or otherwise compromised, or someone has transferred or may transfer money from your account without your permission. Telephoning is the best way of limiting your possible losses. You could lose all the money in your accounts. You agree to review promptly all statements, customer notices, and transaction information made available to you, and to report all unauthorized transactions and errors to us immediately. You agree that we may process payment and transfer instructions that are submitted with correct online log in information, and agree that such instructions will be deemed effective as if you, even if they are not transmitted or authorized by you. Personal Accounts Only: Tell us AT ONCE if you believe your password or other means to access your account has been lost or stolen. Telephoning is the best way of limiting your possible losses. You could lose all the money in your account. If you tell us within two (2) Business Days after you discover your password or other means to access your account has been lost or stolen, your liability is no more than $50.00 should someone access your account without your permission. If you do not tell us within two (2) Business Days after you learn of such loss or theft, and we can prove that we could have prevented the unauthorized use of your password or other means to access your account if you had told us, you could be liable for as much as $500.00. If your monthly Bank statement contains transfers that you did not authorize, you must tell us at once. If you do not tell us within sixty (60) days after the statement was sent to you, you may lose any amount transferred without your authorization after the sixty (60) days if we can prove that we could have stopped someone from taking the money had you told us in time. If a good reason (such as a long trip or a hospital stay) prevented you from telling us, we may extend the period. Business Accounts Only: The limitations on customer liability set forth in the preceding paragraph do not apply to accounts held by businesses. Business customers agree to review promptly all statements, customer notices, and transaction information made available to them, and to report all unauthorized transactions and errors to us immediately. Business customers agree that we may process payment and transfer instructions that are submitted with the correct online log in information, and agree that such instructions will be deemed effective as if made by them, even if they are not transmitted or authorized by the customer. In Case Of Errors And Questions Personal Accounts Only: Telephone us at 000-000-0000 or 000-000-0000 or write to us at Security National Bank, PO Box 427, Witt, IL 62094 as soon as you can if you think your statement is incorrect or you need more information about a Service transaction listed on the statement. We must hear from you no later than sixty (60) days after the FIRST statement was sent to you on which the problem or error appears. We need:
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Samples: Online Banking Agreement
