Common use of Acceptance of Payment Orders Clause in Contracts

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Agreement, signed a Wire Transfer Request, have a sufficient withdrawable balance on deposit in the appropriate account to execute the payment order, and produce valid photo identification. Once you have signed a Wire Transfer Agreement, we will accept a faxed wire transfer request from you (up to $5,000), provided you are unable to transact your request in person because of hardship or you are out of our branch area, and our security procedures are followed. Once you have signed a Wire Transfer Agreement and provided us with verifiable identifying information (verifiable information includes a copy of valid ID containing a picture, a signature and an expiration date.) Member must also create a password listed on this form used exclusively for wire transfer requests. We will then accept payment orders from you via fax up to a certain dollar amount (maximum $5000.00 or less) provided you have a sufficient withdrawable balance on deposit in the appropriate account to execute the payment order, and you provide the information above to us when you fax your payment order. You hereby acknowledge the security procedures described are reasonable and that you have selected the security procedure offered by the credit union after due consideration of all such alternatives including the size, type, and frequency of payment orders. You hereby acknowledge that you will be liable for any payment order or communication amending or canceling a payment order whether or not authorized, that is issued in your name and accepted by the credit union in compliance with the agreed-upon security procedure.

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Agreement, signed a Wire Transfer Request, have a sufficient withdrawable balance on deposit in the appropriate account to execute the payment order, and produce valid photo identification. Once you have signed a Wire Transfer Agreement, we will accept a faxed wire transfer request from you (up to $5,000), provided you are unable to transact your request in person because of hardship or you are out of our branch area, and our security procedures are followed. Once you have signed a Wire Transfer Agreement and provided us with verifiable identifying information (verifiable information includes a copy of valid ID containing a picture, a signature and an expiration date.) Member must also create a password listed on this form used exclusively for wire transfer requests. We will then accept payment orders from you via fax up to a certain dollar amount (maximum $5000.00 or less) provided you have a sufficient withdrawable balance on deposit in the appropriate account to execute the payment order, and you provide the information above to us when you fax your payment order. You hereby acknowledge the security procedures described are reasonable and that you have selected the security procedure offered by the credit union after due consideration of all such alternatives including the size, type, and frequency of payment orders. You hereby acknowledge that you will be liable for any payment order or communication amending or canceling a payment order whether or not authorized, that is issued in your name and accepted by the credit union in compliance with the agreed-upon security procedure.

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Agreement, signed a Wire an Authorization for Transfer Requestform, have a sufficient withdrawable balance on deposit in the appropriate account to execute the payment order, order and produce valid photo identification. Once you have signed a Wire Transfer Agreement, we will accept a faxed wire transfer request telephone payment orders from you (up to $5,000)you, provided you are unable to transact your request in person because of hardship or you are out of our branch area, and our security procedures are followed. Once you have signed a Wire Transfer Agreement and provided us with verifiable identifying information (verifiable information includes a copy of valid ID containing a picturewith, a signature the password you created and an expiration date.) Member must also create a password listed on this form used exclusively for wire transfer requests. We your social security number, we will then accept payment orders from you via fax up to a certain dollar amount (maximum $5000.00 or less) over the phone, provided you have a sufficient withdrawable balance on deposit in the appropriate account to execute the payment order, and you provide the information above to us when you fax call to make your payment order. For wires over $5,000.00 we are required to verify by calling you back at a phone number we have had on file for at least 30 days. You hereby acknowledge that the security procedures described are commercially reasonable and that you have selected the security procedure offered by the credit union after due consideration of all such alternatives and your business circumstances, including the size, type, and frequency of payment ordersorders that you anticipate issuing to the credit union. You hereby acknowledge that you will be liable for any payment order or communication amending or canceling a payment order order, whether or not authorized, that is issued in your name and accepted by the credit union in compliance with the agreed-agreed upon security procedure. You hereby agree to follow the security procedure when making a payment order over the telephone.