Business and Other Non-Personal Accounts. The provisions in this Electronic Funds Transfers section dealing with “Our Liability for Failing to Make Transfers”, “Your Liability”, “In Case of Errors or Questions About Your Electronic Funds Transfers” DO NOT apply to business or other non-personal accounts. The owners of non-personal accounts must notify us immediately if they discover any unauthorized transactions or error and must send us a written notice of the problem within a reasonable time (not to exceed 14 days from the date of discovery or their receipt of the first statement or notice reflecting the problem, whichever occurs first). Under no circumstances will we be liable for any special or consequential damages involving such accounts. We may process transactions that are initiated by means of a PIN for non-personal accounts, even if the transactions are not initiated or authorized by the owners unless we are notified in advance that the PIN has been lost or stolen. The owners of non-personal accounts assume sole responsibility for any authorized use of the account’s PIN and shall indemnify, defend and hold the Bank harmless from all claims, actions, proceedings, losses and damages related to or arising out of any unauthorized transactions.
Business and Other Non-Personal Accounts. If the account is owned by a corporation, unincorporated association, trust, partnership, limited liability company, sole proprietorship, or other business or nonprofit entity, each person signing the signature card or any other account documents represents to us that the entity is validly and legally organized and existing and has authorized the opening of the account and that each person whose name is written or typed on the signature card is authorized and has complete authority to bind the entity in all transactions regarding the account. We are authorized to follow the directions of any person designated as having authority or any person who has apparent authority to act on the entity’s behalf until we receive written notice that the authority has been terminated and have had a reasonable time to act upon that notice. You agree to furnish us all documents which we reasonably request to evidence authority to transact business with respect to the account. We may require that any resolutions affecting the account be on our standardized forms.
Business and Other Non-Personal Accounts. The provisions in this Electronic Fund Transfers section dealing with “Our Liability for Failing to Make Transfers,” “Your Liability for Unauthorized Electronic Fund Transfers,” and “In Case of Errors or Questions About Your Electronic Transfers” (and related provisions on the back of periodic statements) do not apply to business or other non- personal accounts. You should notify us immediately if you discover any unauthorized transactions or errors involving your Card or account. You must send us a written notice of the problem within a reasonable time, not to exceed fourteen (14) days from the date of discovery or your receipt of the first statement or notice reflecting the problem, whichever occurs first. You are liable for all unauthorized transactions made with your Card or the PIN associated with your Card that occur prior to the time you notify us to cancel your Card, that an unauthorized transaction has taken place, or that your Card or PIN has been lost or stolen. There is one exception to this liability: Under the Visa Rules, you will not be liable for unauthorized transactions conducted with a Visa debit Card, provided you were not grossly negligent or fraudulent in the handling of your Card or account and you notify us within a reasonable time of becoming aware of such loss or theft. This exception does not apply to Visa Corporate Cards or Visa Purchasing Cards. It is important that your review your statements closely. If you fail to notify us of unauthorized transactions within sixty (60) days after the first statement or report showing unauthorized activity was sent or made available to you, you will be liable for unauthorized transactions that occur after the sixty (60) day period has elapsed. Business Card transactions are not considered unauthorized if they are made by a business co-owner or any other person with an interest in or authority to transact business on your account, even if the person exceeds any authority given by you.
Business and Other Non-Personal Accounts. The error resolution and liability provisions applicable to consumer accounts on the back of our periodic statements or with other documents you may receive from us, if any, do not apply to non-consumer accounts (e.g. Business Accounts). Business Account owners must notify the credit union immediately if they discover any unauthorized transaction or errors. We must receive written notice of and, at our request, an affidavit regarding the problem in a form satisfactory to us within a reasonable time (not to exceed 30 calendar days from the date of discovery or receipt of the first statement, report or notice reflecting the problem, whichever occurs first). If you do not notify us within these timeframes, you will be deemed to have authorized the transactions. The credit union will tell you the results of our investigation of your claim, the basis for our decision and will advise you of the action, if any, we will take. The time available under ACH rules to reverse an erroneous or unauthorized ACH is limited. You may have to act within a 24-hour time frame. If your request for a reversal of an ACH transfer is not timely, and if we are not solely responsible for the error, and if we are unable to recover the funds from the originating business or bank, we shall have no responsibility to you. Our Privacy Policy, as it may change from time to time, is hereby incorporated by reference herein and shall be deemed a part of this Agreement for all intents and purposes. Please see our Online Privacy Policy. This Agreement sets forth the additional terms and conditions for use of the External Account Transfer Service offered through California Coast Credit Union (CCCU). If the terms and conditions in this Section of this conflict with other terms and conditions contained in the Online Banking Terms and Conditions or the Electronic Funds Transfer Agreement, the terms herein shall control. By enrolling or using the External Account Transfer Service, you agree to the terms and conditions of this External Account Transfer Service Agreement. Please read this Agreement carefully.
Business and Other Non-Personal Accounts. If your account is a business account, you agree to use it for business purposes. If our records list a business organization as the owner of an account, the account is payable to the business organization and not to any individual director, shareholder, member, or partner. A “business organization” means a corporation, unincorporated association, limited liability company, partnership (including a limited partnership, limited liability partnership, or joint venture), or any other business or non-profit organization, including irrevocable trusts. We may rely on the accuracy and completeness of all resolutions, signature cards, and other documents you deliver to us in connection with the account. If the resolutions, signature cards, or other documents you deliver state that a person is authorized to sign checks or otherwise initiate transactions on your account, that person is called a “signer.” If the account owner is a “sole proprietorship,” that means that a single person conducts the business as his or her own property, instead of through a business organization. A sole proprietor may also designate signers by appropriate documents. If you change your form of ownership, authorized signers or organizational structure (that could also affect your tax liabilities and, thus, IRS Form W-8BEN-E accuracy)you must notify us when the change occurs. A signer is authorized to endorse checks payable to the business. Endorsement “for deposit” may be written or stamped. An eligible signer is also authorized to sign checks drawn against your account. We are authorized to pay checks without asking how the checks were issued or how the proceeds will be used, even if the check is payable to the person who signed the check. An eligible signer is authorized to instruct us to close accounts or do anything else involving any account, and to sign any Agreements or documents relating to accounts or other business. We may, although we are not required to, cash checks payable to – or accept “less cash” deposits from – a business organization.
Business and Other Non-Personal Accounts. Our obligations set forth in Sections 16 and 17, and the limitations on member liability set forth in Section 15 and on the back of periodic statements, do not apply in the case of business or other non-personal accounts. The owners of those accounts must notify us immediately if they discover any unauthorized transactions or errors, and must send us a written notice of the problem within a reasonable time (not to exceed 14 days from the date of discovery or their receipt of the first statement or notice reflecting the problem, whichever occurs first). Under no circumstances will we be liable for any special or consequential damages involving such accounts. We may process any online instruction we believe is given by any of you if the instruction is accompanied by your Password, and you will be obligated for the transfer or payment, even if the instruction is not transmitted or authorized by you.
Business and Other Non-Personal Accounts. The provisions in this Electronic Fund Transfers section dealing with “Financial Institution’s Liability,” “Consumer Liability,” and “In Case of Errors or Questions About Your Electronic Fund Transfers” (and related provisions on the back of periodic statements) do not apply to business or other non-personal accounts. You must notify us immediately if you discover any unauthorized transactions or errors involving your business or non-personal account. You must send us a written notice of the problem within a reasonable time, not to exceed 14 days from the date of discovery or the date the first statement or notice reflecting the problem was mailed or otherwise made available to you, whichever occurs first. S ee the “WIRE AND OTHER FUND TRANSFERS” section above for terms applicable to Payment Orders.
Business and Other Non-Personal Accounts. EFTs on Business Accounts are not subject to the Electronic Funds Transfer Act or its implementing regulation, Federal Reserve Regulation E. You are responsible for all electronic access to your Business Accounts, including unauthorized electronic access. Please monitor your accounts closely and immediately report to us any unauthorized or suspicious activity. See the section titled "Your Liability for Unauthorized Use - Business Accounts and other Non-Personal Accounts Only" in this agreement as well as your Account Disclosure and Agreement for more information.
Business and Other Non-Personal Accounts. Our obligations under the “Error Resolution Notice for Consumer Accounts” noted above, do not apply to business or other non-personal Accounts. The owners of those Accounts must notify us immediately if they discover any unauthorized transactions or errors and must send us a written notice of the problem within a reasonable time (not to exceed fourteen (14) calendar days from the date of discovery or the receipt of the first statement or notice reflecting the problem, whichever comes first). Under no circumstances will we be held liable for any special or consequential damages involving such Accounts. You agree to be bound by and responsible for any transaction that is initiated by means of a User Name and Password, even if it is not initiated or authorized by you, unless we are notified in advance that the User Name or Password has been lost or stolen. The following Alerts terms and conditions ("Alerts Terms of Use") only apply to the Alerts feature (as defined below). If Alerts are not available to you, then this Alerts Terms of Use does not apply. To the extent there is any conflict between the terms of the Agreement and this Alerts Terms of Use with respect to Alerts, then the terms in this Alerts Terms of Use shall apply. Your enrollment in Online Banking and/or Mobile Banking (the “Service”) includes enrollment to receive transaction alerts and notifications (“Alerts”). Alerts are electronic notices from us that contain transactional information about your Bank Account(s). Alerts are provided within the following categories: Account Alerts and Additional Alerts must be managed and/or added online through the Service. You cannot maintain all Alerts through your mobile device. We may add new Alerts from time to time, or cancel old Alerts. We usually notify you when we cancel Alerts, but are not obligated to do so. The Bank reserves the right to terminate its Alerts service at any time without prior notice to you.
Business and Other Non-Personal Accounts. The Bank's obligations set forth in Sections 6 and 10, and the limitations on your liability set forth in Section 9, do not apply in the case of business or other non-personal accounts. Under no circumstances will we be liable for any special or consequential damages involving such accounts. The owners of non-personal accounts must notify us immediately if they discover any unauthorized transactions or errors, and must send us a written notice of the problem within a reasonable time (not to exceed 14 days from the date of discovery or their receipt of the first statement or notice reflecting the problem, whichever occurs first). We may process any on-line instruction we believe is given by any of you if the instruction is accompanied by your MainStreet Bank Online Banking ID and Password, and you will be obligated for the transfer or payment, even if the instruction is not transmitted or authorized by you.
