Common use of Account Number Policy Clause in Contracts

Account Number Policy. If funds transfer instructions identify a bank or beneficiary by name and account number, the relevant financial institution may execute those instructions by reference to the number only, even if the number does not correspond to the name. You understand that such financial institutions may not investigate discrepancies between names and numbers. In addition, you agree that we have no responsibility to investigate discrepancies between names and numbers.

Appears in 11 contracts

Samples: Deposit Agreement, External Funds Transfer and Zelle Service Agreement, Online Money Movement Services Agreement

AutoNDA by SimpleDocs

Account Number Policy. If funds transfer Bank to Bank Transfer instructions identify a bank or beneficiary by name and account number, the relevant financial institution may execute those instructions by reference to the number only, even if the number does not correspond to the name. You understand that such financial institutions may not investigate discrepancies between names and numbers. In addition, you agree that we have no responsibility to investigate discrepancies between names and numbers.

Appears in 4 contracts

Samples: Personal Internet Banking Terms and Conditions, Personal Internet Banking Terms and Conditions, Personal Internet Banking Terms and Conditions

Account Number Policy. If funds transfer instructions identify a bank financial institution or beneficiary by name and account number, the relevant financial institution may execute those instructions by reference to the number only, even if the number does not correspond to the name. You understand that such financial institutions may not investigate discrepancies between names and numbers. In addition, you agree that we have no responsibility to investigate discrepancies between names and numbers.

Appears in 3 contracts

Samples: Funds Transfer Service Agreement, Funds Transfer Agreement, Funds Transfer Service Agreement

Account Number Policy. If funds transfer instructions identify a bank or beneficiary by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if the number does not correspond to the name. You understand that such financial institutions may not investigate discrepancies between names and numbers. In addition, you agree that we have no responsibility to investigate discrepancies between names and numbers.

Appears in 1 contract

Samples: Online Banking Agreement

AutoNDA by SimpleDocs

Account Number Policy. If funds transfer instructions identify a bank or beneficiary by name and account number, the relevant financial institution bank or other provider of Accounts may execute those instructions by reference to the number only, even if the number does not correspond to the name. You understand that such financial institutions banks or other providers of Accounts may not investigate discrepancies between names and numbers. In addition, you agree that we have no responsibility to investigate discrepancies between names and numbers.

Appears in 1 contract

Samples: External Funds Transfer Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!