Unauthorized Use in Automated Terminals Sample Clauses
The 'Unauthorized Use in Automated Terminals' clause defines the responsibilities and procedures related to unauthorized transactions conducted through automated terminals, such as ATMs or self-service kiosks. Typically, this clause outlines the steps a user must take to report unauthorized access or withdrawals, and may specify the timeframe within which such reports must be made to limit liability. Its core function is to allocate risk between the user and the service provider, ensuring that users are protected from losses due to unauthorized use while also encouraging prompt reporting of suspicious activity.
Unauthorized Use in Automated Terminals i. If you tell us within two business days, you can lose no more than $50 if someone used your Card at an automated terminal without your permission.
ii. If you do not tell us within two business days after you learn of the loss or theft of your Card and we can prove that if you had told us, we could have stopped someone from using your Card at an automated terminal without your permission, you could lose as much as $500.
iii. If you do not notify us at all, you could lose all the money in your checking and savings accounts plus your maximum overdraft line of credit.
iv. Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.
v. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.
Unauthorized Use in Automated Terminals i. If you tell us within two business days, you can lose no more than $50 if someone used your Card at an automated termin a l without your permission.
ii. If you do not tell us within two business days after you le a rn o f the loss or theft of your Card and we can prove that if yo u h a d told us, we could have stopped someone from using your Ca rd at an automated terminal without your permission, you could lose as much as $500.
iii. If you do not notify us at all, you could lose all the money in your checking and savings accounts plus your maximum overdraft line of credit.
iv. Also, if your statement shows transfers that you did no t ma ke , tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we co u ld h a ve stopped someone from taking the money if you had to ld u s in time.
v. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.