Our Liability for Errors. If we do not complete a transaction to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses and damages. However, there are some exceptions. We will not be liable, for instance: • If, through no fault of ours, you do not have enough money available in your account or sufficient available credit to make the transfer; • If the terminal you are using does not have enough cash; • If the terminal is not working properly and you know about the breakdown when you start the transaction; • If Dial-Up or Online Banking is not working properly and you know about the breakdown before completing the transaction; • If you did not receive a valid confirmation number; • If your PIN has been reported lost or stolen, or we canceled your PIN; • If we believe that you or someone else is using the account for fraudulent or illegal purposes; • If you do not follow instructions properly or enter an invalid account number or PIN; • If your Credit Union account is restrained by court order; • If the transfer would violate the terms of any other agreement we have with you or if your account is delinquent or in default or if you haven’t paid all your fees; • If circumstances beyond our control (such as fire, flood, electrical or telecommu- nications failure, postal delays or strikes) prevent the transfer, despite reasonable precautions that we have taken. There may be other exceptions in other specific agreements we have with you. Card Ownership: Cards remain the property of the Credit Union and you agree to surrender your card to the Credit Union upon request.
Our Liability for Errors. If we do not properly complete a transaction according to this Agreement and Disclosure, we will be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law. We will not be liable if: (a) through no fault of ours, your account does not contain sufficient funds to make the transaction; (b) circumstances beyond our control prevents the transaction; (c) your loss is caused by your negligence or the negligence of another financial institution; or (d) the funds in your account are subject to legal process or other claim. We are not responsible for items lost while not in our possession. Except for its own negligence, Logix is not liable for any payment or nonpayment of a check. Our actions will constitute the exercise of ordinary care if such actions or non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules, and general financial institution practices followed in the areas serviced by us. Any conflict between oral representations by you or our employees and any written form will be resolved by reference to this Agreement and Disclosure and the applicable written form. LARGE CURRENCY TRANSACTIONS REGULATION Government regulations require us to report transactions involving currency in excess of $10,000 to the U.S. Department of the Treasury, Financial Crimes Enforcement Network (FinCEN). NOTIFICATION OF NAME, ADDRESS, EMAIL ADDRESS AND TELEPHONE NUMBER CHANGES It is your responsibility to notify us promptly upon a change of name, and/or change of address, telephone number, or email address. We require legal or other documentary evidence of name change. Logix is only required to attempt to communicate with you at the most recent address you have provided to us. We may accept oral notification of a change in address and may require any other notice from you to be provided in writing.
Our Liability for Errors. If we do not properly complete a transaction according to this Agreement, we will be liable for your losses or damages, not to exceed the amount of the transaction, except as otherwise provided by law. Subject to applicable law, we will not be liable if: (a) through no fault of ours, your account does not contain enough money to complete the transaction; (b) circumstances beyond our control prevent the transaction; (c) your loss is caused by your negligence or the negligence of another financial institution; or (d) the money in your account is subject to legal process or another claim. We will not be liable for consequential damages except in cases of liability for wrongful dishonor as permitted by law. We are not responsible for a check or draft that is paid by us if we acted in a commercially reasonable manner and exercised ordinary care. Our actions will constitute the exercise of ordinary care if such actions or non- actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearinghouse rules, and general banking practices followed in the area we service. You grant us the right, in making payments of deposited funds, to rely exclusively on the type and ownership of the account and the terms of this Agreement. Any conflict between oral representations by you or our employees and any written form will be resolved by reference to this Agreement and any other applicable written agreement.
