Common use of Unauthorized Transactions and Errors Clause in Contracts

Unauthorized Transactions and Errors. The Bank’s security procedures are not designed for the detection of errors (e.g. duplicate payments or errors contained in Customer instructions). We will not be obligated to detect or investigate errors by Customer, Admins or others, even if we take certain actions from time to time to do so. It is Customer’s and Admin’s responsibility to notify Customer Service immediately upon belief any security information (such as passwords, or other credentials) has been lost, stolen or otherwise made available to an unauthorized person, or that someone has viewed, downloaded, or deleted electronic records from the Account without Customer’s permission, or if Customer or Admin suspect any fraudulent or unauthorized activity (including errors) on the Account. Customer further agrees to comply with all notification requirements set forth in this Agreement. Customer’s liability for any unauthorized transactions (including errors) will be determined based on the terms set forth in this Agreement. Customer agrees to promptly repay any amount erroneously credited to the Account.

Appears in 2 contracts

Sources: Business Account Agreement, Business Account Agreement

Unauthorized Transactions and Errors. The Bank’s security procedures are not designed for the detection of errors (e.g. such as duplicate payments or errors contained in Customer instructions). We Neither we nor Swifter will not be obligated to detect or investigate errors by Customer, Admins Authorized User, Additional User, or others, even if we take certain actions from time to time to do so. It is Customer’s and Admin’s responsibility to notify immediately call Customer Service immediately Support upon belief any security information (such as passwords, or other credentials) has Account Credentials have been lost, stolen or otherwise made available to an unauthorized person, or that someone has viewed, downloaded, or deleted electronic records from the Account without Customer’s permission, or if Customer Customer, Authorized User, or Admin suspect Additional User suspects any fraudulent or unauthorized activity (including errors) on the Account. Customer further agrees to comply with all notification requirements set forth in this Account Agreement. Customer’s liability for any unauthorized transactions (including errors) will be determined based on the terms set forth in this Account Agreement. Customer agrees to promptly repay any amount erroneously credited to the Account.

Appears in 1 contract

Sources: Business Deposit Account Agreement