Reviewing Statements and Error Notification Clause Samples
The 'Reviewing Statements and Error Notification' clause requires parties to examine account statements or transaction records for accuracy and promptly notify the other party of any discrepancies or errors. Typically, this clause sets a specific timeframe within which errors must be reported, such as 30 days from receipt of a statement, and may outline the process for disputing charges or correcting mistakes. Its core function is to ensure timely identification and resolution of errors, thereby protecting both parties from ongoing inaccuracies and potential financial loss.
Reviewing Statements and Error Notification. Unless you instruct us otherwise, for accounts not subject to periodic account mailing, we will periodically mail an account statement to the last address you have given us. You agree to notify us promptly if you change your address. You also agree that if the U.S. Postal Service or one of its agents notifies us of a change in address for you, we may change your address based on such information, even if the information provided by the U.S. Postal Service is in error. If any statement is returned to us because of an incorrect address, we may stop sending statements to you, but for all purposes it shall still be considered as if we made your statement of account available to you as of the statement date that was or would have been printed on your statement, showing payment of items and the items paid or the information sufficient to allow you to reasonably identify the items paid. You must review your account statement and check images for errors or unauthorized signatures. If the deposit account is a business account, you agree to have at least two individuals inspect the account statements on a regular basis to look for improper or unauthorized transactions and to ensure that the account is handled in a proper manner. Except as noted in the Consumer Electronic Banking Disclosures at Part V, Section H or other document applicable to electronic funds transfers, if your account statement contains any errors or improper charges, you agree to notify us of any such errors or improper charges within 30 days of the date on which we mailed or otherwise made the affected statement available to you. If you do not notify us within that time, you are barred from bringing any action or claim, in litigation, arbitration or otherwise, against us that is in any way related to the errors or improper charges. If we honor an item drawn on your account that contains a forged signature or endorsement, is altered in any way or is a counterfeit item, you agree to notify us of such forgery, alteration or counterfeit item within 30 days of the date on which the forged, altered or counterfeit item was provided to you or, if the item was not provided to you, within 30 days of the date on which we mailed or made available to you the account statement that contained a description of the forged, altered or counterfeit item. If you do not notify us in the time and manner required by this Agreement, you are barred from bringing any action against us that is related in any way to the forg...
Reviewing Statements and Error Notification. We will maintain appropriate records of your account. We will make account statements available online at ▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇.▇▇▇/auth/Enrollment and may also
Reviewing Statements and Error Notification. We will maintain appropriate records of your Account. We will mail or make Account statements available through the SAVE App when you log in to your Account. You agree to notify us promptly if
Reviewing Statements and Error Notification. We will maintain appropriate records of your Account. We will mail or make Account statements available