Common use of Bank Errors Clause in Contracts

Bank Errors. If The Bank of Elk River does not properly complete a xxxx payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. Except as stated in this Agreement, any stop payment provisions of the agreement otherwise governing your account that is applicable to checks will also apply to the Xxxx Pay Service. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any xxxx payment is to be made fails to properly transmit the payment to the intended payee. We will also not be liable if there are insufficient available funds or credit availability in your Xxxx Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Xxxx Pay Account; if the Xxxx Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly. We will not be liable for indirect, special, or consequential damages arising out of the use of the Xxxx Pay Service. You will be responsible for any xxxx payment request you make that contains an error or is a duplicate of another xxxx payment. The Bank is not liable for any failure to make a xxxx payment if you fail to promptly notify the bank after you learn that you have not received credit from a “Payee” for a xxxx payment.

Bank Errors. ‌ If The Bank of Elk River does we do not properly complete a xxxx payment on time or in the correct amount, we will pay any late fees or finance charges up (not to exceed $25, 50.00) which you reasonably incurred as a result as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penaltiesincident. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on itit before the payment is sent. Except as stated in this Agreement, any stop payment provisions of the any agreement otherwise governing your account Eligible Account that is applicable to checks will also apply to the Xxxx Pay Service. We will not be responsible for any charges imposed or on any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any xxxx payment is to be made fails to properly transmit the payment to the intended payee. We will also not be liable if there are insufficient available funds or credit availability in your Xxxx Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Xxxx Pay Account; if the Xxxx Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly. We will not be liable for indirect, special, or consequential damages arising out of the use of the Xxxx Pay Service. You will be responsible for any xxxx payment request you make that contains an error We do not recognize "Grace Periods," "Pay To," or is a duplicate "Late After" dates when considering the reimbursement of another xxxx payment. The Bank is not liable for any failure to make a xxxx payment if you fail to promptly notify the bank after you learn that you have not received credit from a “Payee” for a xxxx paymentlate fees or finance charges.

Bank Errors. If The Bank of Elk River does not properly complete a xxxx bill payment on time or in the correct amount, we will pay any late fees or finance charges up to $25, as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penalties. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on it. Except as stated in this Agreement, any stop payment provisions of the agreement otherwise governing your account that is applicable to checks will also apply to the Xxxx Bill Pay Service. We will not be responsible for any charges imposed or any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any xxxx bill payment is to be made fails to properly transmit the payment to the intended payee. We will also not be liable if there are insufficient available funds or credit availability in your Xxxx Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Xxxx Bill Pay Account; if the Xxxx Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly. We will not be liable for indirect, special, or consequential damages arising out of the use of the Xxxx Bill Pay Service. You will be responsible for any xxxx bill payment request you make that contains an error or is a duplicate of another xxxx bill payment. The Bank is not liable for any failure to make a xxxx bill payment if you fail to promptly notify the bank after you learn that you have not received credit from a “Payee” for a xxxx bill payment.

Bank Errors. If The Bank of Elk River does we do not properly complete a xxxx bill payment on time or in the correct amount, we will pay any late fees or finance charges up (not to exceed $25, 50.00) which you reasonably incurred as a result as long as your account was in good standing with the payee prior to this incident and the Payee was a Business that charges late charges or penaltiesincident. We will also be liable to you if we fail to stop a payment pursuant to your order to do so, so long as your order describes the payment with reasonable certainty and is received at a time and in a manner that affords us a reasonable opportunity to act on itit before the payment is sent. Except as stated in this Agreement, any stop payment provisions of the any agreement otherwise governing your account Eligible Account that is applicable to checks will also apply to the Xxxx Bill Pay Service. We will not be responsible for any charges imposed or on any other action taken by a payee resulting from a payment that you have not scheduled properly, including any applicable finance charges and late fees. In addition, we will not be liable if any third party through whom any xxxx bill payment is to be made fails to properly transmit the payment to the intended payee. We will also not be liable if there are insufficient available funds or credit availability in your Xxxx Bill Pay Account and/or overdraft protection plan; if a legal order directs us to prohibit withdrawals from the Xxxx Bill Pay Account; if the Xxxx Bill Pay Account is closed or frozen; or if any part of the electronic funds transfer system is not working properly. We will not be liable for indirect, special, or consequential damages arising out of the use of the Xxxx Bill Pay Service. You will be responsible for any xxxx payment request you make that contains an error We do not recognize "Grace Periods," "Pay To," or is a duplicate "Late After" dates when considering the reimbursement of another xxxx payment. The Bank is not liable for any failure to make a xxxx payment if you fail to promptly notify the bank after you learn that you have not received credit from a “Payee” for a xxxx paymentlate fees or finance charges.