Common use of Consumer Accounts Clause in Contracts

Consumer Accounts. Access to Electronic Services is set at an individual level. Owners, joint owners, and custodians on the accounts should register using their own unique information to create unique login credentials. Except as expressly provided in subsection (b) below, you understand that all owners of your accounts or anyone with whom you share your username, password, or any access code (“Credentials”), will be deemed an authorized user; and that their authority will be considered unlimited in amount and manner, with full authority to perform all transactions relating to the stated accounts, unless and until you notify the Credit Union, in writing, of the revocation of such authority. Except as may otherwise be required by law, you agree that you are and will remain fully responsible for any transactions made by such persons on your accounts, except transactions that occur after the Credit Union has been notified of any revocation of authority and has had a reasonable opportunity to act upon such notice.

Appears in 4 contracts

Samples: Electronic Services Disclosure and Agreement, Electronic Services Disclosure and Agreement, Electronic Services Disclosure and Agreement

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