Common use of Consumer Liability Clause in Contracts

Consumer Liability. Tell us AT ONCE if you believe your code or mobile device has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your code or mobile device, you can lose no more than $50 if someone used your code or mobile device without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your code or mobile device, and we can prove we could have stopped someone from using your code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

Appears in 4 contracts

Samples: Banking and Mobile Deposit Service Agreement, Banking and Mobile Deposit Service Agreement, Banking and Mobile Deposit Service Agreement

AutoNDA by SimpleDocs

Consumer Liability. Tell us AT ONCE if you believe your code Code or mobile device Password has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your code Code or mobile devicePassword, you can lose no more than $50 if someone used your code Code or mobile device Password without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your code Code or mobile devicePassword, and we can prove we could have stopped someone from using your code Code or Password without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed sent to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

Appears in 1 contract

Samples: Banking Service Agreement and Disclosure

AutoNDA by SimpleDocs

Consumer Liability. Tell You must tell us AT ONCE if you believe your code or mobile device has Codes have been lost or stolen, or if you believe that an electronic fund transfer EFT has been made without your permission using information from any of your checkchecks. Telephoning Promptly calling us to make a report is the best way to minimize possible losses, which include the loss of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your code or mobile deviceCodes, you can lose no more than $50 if someone used your code or mobile device Codes without your permission. If you do NOT tell us within 2 business days Business Days after you learn of the loss or theft of your code or mobile deviceCodes, and we can prove we that it could have stopped someone from using your code without your permission if the unauthorized use had you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code Codes or other means, you must tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back recover any money you lost after the 60 days if we can prove that we it could have stopped someone from taking the money if had you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

Appears in 1 contract

Samples: Management Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!