Authorization and Processing Transfer Requests. You are responsible for controlling access to the Services and for any limitations placed by you on the Services an authorized person may utilize. The fact that we are, or may be made aware of, or could have discovered, any limitation on access to a Service does not make us obligated to enforce or attempt to enforce any limitation. You understand that each authorized person may utilize Services (including inquiries, transfers and account verification) without regard to any restrictions otherwise applicable to an account. You agree that any arrangements with us to require one or more authorized signatures for transactions involving your accounts do not apply to transactions using the Services. If a transfer request between your accounts with us ("transfer request") (or a request for cancellation or amendment of a transfer request) received by us purports to have been transmitted or authorized by you, it will be deemed effective as your transfer request and you will be obligated to us for the amount of such transfer request, even though the transfer request was not authorized by you, provided we acted in compliance with the security procedure referred to in this Agreement (or any other applicable agreement) with respect to the transfer request. If a transfer request (or request for cancellation or amendment of a transfer request) received by us was transmitted or authorized by you, you shall be obligated to pay the amount of the transfer request as provided herein, whether or not we complied with the security procedure referred to in this Agreement with respect to that transfer request and whether or not that transfer request was erroneous in any respect or that error would have been detected if we had complied with such procedure. You agree that the authenticity of transfer requests and stop payment orders issued by you to us will be verified pursuant to the security procedures contained in the Services, and that such security procedures are commercially reasonable. You agree that the security procedures are not intended to, and will not serve as, a procedure to identify errors in a payment order or its instructions.
Authorization and Processing Transfer Requests. If a transfer request (or request for cancellation or amendment of a transfer request) received by Bank was transmitted or authorized by you, you will be obligated to pay the amount of the transfer request as provided herein, whether or not Bank complied with the security procedure referred to in this Agreement with respect to that transfer request and whether or not that transfer request was erroneous in any respect or that error would have been detected if Bank had complied with such procedure. You acknowledge and agree that if a transfer request describes the beneficiary or beneficiary's bank inconsistently by name and account number, execution of the transfer request will occur on the basis of the beneficiary bank identifying number and account number, even if it identifies a person different from the named beneficiary or bank, and that your obligation to pay the amount of the transfer request to Bank is not excused in such circumstances.
Authorization and Processing Transfer Requests. You are responsible for controlling access to the Services by persons you authorize to use the Services on your behalf. You also have sole responsibility for providing instruction, procedures, and limitations regarding use of the Services and we are not responsible for enforcing or attempting to enforce any of your instructions, procedures, and limitations even if we are made aware of such instruction, procedure, or limitation. We do not enforce arrangements you may have with us that require dual signatures for non-electronic transactions. Any authorized person using the Services on your behalf may act independently. As such, you agree that any arrangements with us to require one or more authorized signatures for transactions involving your accounts do not apply to transactions using these Services. If a Funds Transfer request between your accounts, or a request for cancellation or amendment of a transfer request, received by us from any of your Authorized persons, you agree the Funds Transfer is authorized by you and you will be obligated to us for the amount of such transfer request.
