Common use of Business Online Banking User Clause in Contracts

Business Online Banking User. IDs If you are a business customer, to uniquely identify each person who initiates a request for banking services, you should establish a separate Username and related security codes for each person who you determine needs access to your accounts. Your autho- rization (whether express or implied) for any individual to establish a Username shall constitute your authorization for the Bank to provide account information to such individu- al and (unless inquiry only access is selected) to transfer funds and conduct other banking transactions upon that person’s request. Such authorization supersedes any resolution, signature card or other document filed with the Bank that purports to limit authority over any of your accounts, whether currently on file or submitted or modified in the future, un- less the Username authorization is expressly modified or revoked. You agree that the above security procedures are commercially reasonable and understand that they have been adopted only for the purposes of verifying transfer orders as your transfer orders and not for detecting errors by you in the transmission and content of the transfer orders. You further agree that no bank can ever guarantee that certain security procedures will be effective. fer set forth in this agreement are subject to specific risks and you are willing to undertake these risks. In order to reduce these risks you agree to take the following three actions in exact detail and in a proactive manner in connection with the security procedures:

Business Online Banking User. IDs If you are a business customer, to uniquely identify each person who initiates a request for banking services, you should establish a separate Username and related security codes for each person who you determine needs access to your accounts. Your autho- rization (whether express or implied) for any individual to establish a Username shall constitute your authorization for the Bank to provide account information to such individu- al and (unless inquiry only access is selected) to transfer funds and conduct other banking transactions upon that person’s request. Such authorization supersedes any resolution, signature card or other document filed with the Bank that purports to limit authority over any of your accounts, whether currently on file or submitted or modified in the future, un- less the Username authorization is expressly modified or revoked. You agree that the above security procedures are commercially reasonable and understand that they have been adopted only for the purposes of verifying transfer orders as your transfer orders and not for detecting errors by you in the transmission and content of the transfer orders. You further agree that no bank can ever guarantee that certain security procedures will be effective. You recognize that the methods of funds trans- fer set forth in this agreement are subject to specific risks and you are willing to undertake these risks. In order to reduce these risks you agree to take the following three actions in exact detail and in a proactive manner in connection with the security procedures:

Business Online Banking User. IDs If you are a business customer, to uniquely identify each person who initiates a request for banking services, you should establish a separate Username and related security codes for each person who you determine needs access to your accounts. Your autho- rization (whether express or implied) for any individual to establish a Username shall constitute your authorization for the Bank to provide account information to such individu- al and (unless inquiry only access is selected) to transfer funds and conduct other banking transactions upon that person’s request. Such authorization supersedes any resolution, signature card or other document filed with the Bank that purports to limit authority over any of your accounts, whether currently on file or submitted or modified in the future, un- less the Username authorization is expressly modified or revoked. You agree that the above security procedures are commercially reasonable and understand that they have been adopted only for the purposes of verifying transfer orders as your transfer orders and not for detecting errors by you in the transmission and content of the transfer orders. You further agree that no bank can ever guarantee that certain security procedures will be effectiveeffective. You recognize that the methods of funds trans- fer set forth in this agreement are subject to specific risks and you are willing to undertake these risks. In order to reduce these risks risks‌ you agree to take the following three actions in exact detail and in a proactive manner in connection with the security procedures: