Common use of Bank’s Liability for Failure to Complete Transactions Clause in Contracts

Bank’s Liability for Failure to Complete Transactions. If Bank does not properly complete a transaction from your Account on time or in the correct amount according to Bank’s Agreement with you, Bank will be liable for your losses or damages. However, there are some exceptions. Bank will not be liable, for instance: ● If through no fault of Bank, you do not have enough funds available in your Account to complete the Online Transfer; ● If access to your Account or linked account has been blocked after you reported your Account number or linked account number lost or stolen; ● If there is a hold or your funds are subject to legal or administrative process or other encumbrance restricting their use; ● If Bank have reason to believe the requested transaction is unauthorized; ● If circumstances beyond Bank’s control (such as fire, flood, or computer communication failure) prevent the completion of the transaction, despite reasonable precautions that Bank has taken; or ● Any other exception stated in Bank’s Agreement with you.

Bank’s Liability for Failure to Complete Transactions. If Bank does not properly complete a transaction from your Account on time or in the correct amount according to Bank’s our Agreement with you, you Bank will be liable for your losses or damages. However, there are some exceptions. Bank will not be liable, for instance: ● • If through no fault of Bank, you do not have enough funds available in your Account to complete the Online Transfer; ● • If access to your Account or linked account has been blocked after you reported your Account number or linked account number lost or stolen; ● • If there is a hold or your funds are subject to legal or administrative process or other encumbrance restricting their use; ● • If Bank have reason to believe the requested transaction is unauthorized; ● • If circumstances beyond Bank’s control (such as fire, flood, or computer communication failure) prevent the completion of the transaction, despite reasonable precautions that Bank has taken; or ● • Any other exception stated in Bank’s Agreement with you.