Common use of Accessing Accounts Clause in Contracts

Accessing Accounts. You may access any eligible account for which you are an owner. If you desire services that allow you to initiatepayments or transfers from the account, you will need the required withdrawal authority over the account to be able to complete the transaction. By using Online Banking, Business Online Banking, Mobile Banking, or Business Mobile Banking Services, you agree to maintain one or more accounts with us and to keep sufficient balances in any account to cover any transaction and fees that are ultimately approved by or related to your use of Online Services. You understand and agree that any one user can initiate transactions (including funds transfers or bill pay transactions) from any of your accounts using Online Services regardless of whether the user is an authorized signer on those accounts and regardless of whether any of those accounts normally require two or more signatures or have other restrictions. You are agreeing that we may consider all such transfers as having been authorized by you. The Primary Account Holder may be granted system administrative powers to establish individual user rights for accounts, authorize and alter rights of any users over accounts and payment categories, authorize and alter rights to Cash Management Services, and grant or remove Supervisory rights to or from other users. By accepting this Agreement, you acknowledge that the Bank has advised you and your assignees of the liabilities created by appointing a system administrator; and agree that the Bank is released from any and all liability for damages, including but not limited to claims for indirect, incidental, special, or consequential damages arising out of or related to the appointment of the Online Banking Supervisor(s) and the actions, now and in the future, of the Online Banking Supervisor(s).

Appears in 2 contracts

Samples: Online and Mobile Banking Services Agreement, Banking Services Agreement

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Accessing Accounts. You may access any eligible account for which you are an owner. If you desire services that allow you to initiatepayments or transfers from the account, you will need the required withdrawal authority over the account to be able to complete the transaction. By using Online Banking, Business Online Banking, Mobile Banking, or Business Mobile Banking Services, you agree to maintain one or more accounts with us and to keep sufficient balances in any account to cover any transaction and fees that are ultimately approved by or related to your use of Online Services. You understand and agree that any one user can initiate transactions (including funds transfers or bill xxxx pay transactions) from any of your accounts using Online Services regardless of whether the user is an authorized signer on those accounts and regardless of whether any of those accounts normally require two or more signatures or have other restrictions. You are agreeing that we may consider all such transfers as having been authorized by you. The Primary Account Holder may be granted system administrative powers to establish individual user rights for accounts, authorize and alter rights of any users over accounts and payment categories, authorize and alter rights to Cash Management Services, and grant or remove Supervisory rights to or from other users. By accepting this Agreement, you acknowledge that the Bank has advised you and your assignees of the liabilities created by appointing a system administrator; and agree that the Bank is released from any and all liability for damages, including but not limited to claims for indirect, incidental, special, or consequential damages arising out of or related to the appointment of the Online Banking Supervisor(s) and the actions, now and in the future, of the Online Banking Supervisor(s).

Appears in 1 contract

Samples: Banking Services Agreement

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Accessing Accounts. You may access any eligible account for which you are an owner. If you desire services that allow you to initiatepayments initiate payments or transfers from the account, you will need the required withdrawal authority over the account to be able to complete the transaction. By using Online Banking, Business Online Banking, Mobile Banking, or Business Mobile Banking Services, you agree to maintain one or more accounts with us and to keep sufficient balances in any account to cover any transaction and fees that are ultimately approved by or related to your use of Online Services. You understand and agree that any one user can initiate transactions (including funds transfers or bill xxxx pay transactions) from any of your accounts using Online Services regardless of whether the user is an authorized signer on those accounts and regardless of whether any of those accounts normally require two or more signatures or have other restrictions. You are agreeing that we may consider all such transfers as having been authorized by you. The Primary Account Holder may be granted system administrative powers to establish individual user rights for accounts, authorize and alter rights of any users over accounts and payment categories, authorize and alter rights to Cash Management Services, and grant or remove Supervisory rights to or from other users. By accepting this Agreementagreement, you acknowledge that the Bank has advised you and your assignees of the liabilities created by appointing a system administrator; and agree that the Bank is released from any and all liability for damages, including but not limited to claims for indirect, incidental, special, or consequential damages arising out of or related to the appointment of the Online Banking Supervisor(s) and the actions, now and in the future, of the Online Banking Supervisor(s).

Appears in 1 contract

Samples: Online Services Agreement

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