Common use of Deviating from Security Procedures Clause in Contracts

Deviating from Security Procedures. You agree to allow the Bank to authorize any financial institution at which you have an account to accept funds and transfer instructions in accordance with any authorization procedures as may be agreed upon from time to time between you and such financial institution, or between the Bank, on your behalf, and such financial institution, without verifying the instructions under the established security procedures, regardless of whether such security procedures were agreed by you directly or by the Bank on your behalf. In addition you agree that the Bank may authorize such financial institutions to charge and debit your accounts based solely on these communications. ACCOUNT NUMBER POLICY If funds transfer instructions identify a bank or beneficiary by name and account number, the relevant financial institution may execute those instructions by reference to the number only, even if the number does not correspond to the name. You understand that such financial institutions may not investigate discrepancies between names and numbers. In addition, you agree that the Bank has no responsibility to investigate discrepancies between names and numbers. JOINT ACCOUNT HOLDER When creating or executing an external funds transfer, you confirm that, if any of your accounts is a joint account, your joint account holder has consented for you to use your accounts for the external funds transfer service.

Deviating from Security Procedures. You agree to allow the Bank us to authorize any financial institution at which you have an account Account to accept funds and transfer instructions in accordance with any authorization procedures as may be agreed upon from time to time between you and such financial institution, or between the Bankus, on your behalf, and such financial institution, without verifying the instructions under the established security procedures, regardless of whether such security procedures were agreed by you directly or by the Bank us on your behalf. In addition addition, you agree that the Bank we may authorize such financial institutions to charge and debit your accounts Accounts based solely on these communicationssuch instructions. ACCOUNT NUMBER POLICY If funds transfer You agree that if External Transfers instructions identify a bank or beneficiary by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if the number does not correspond to the name. You understand acknowledge that such financial institutions may not investigate discrepancies between names and account numbers. In addition, you agree that the Bank has we have no responsibility to investigate discrepancies between names and account numbers. JOINT ACCOUNT HOLDER When creating or executing an external funds transferBy using the Service, you confirm that, that if any of your accounts Accounts is a joint accountor other multiple party Account, your joint or other account holder of the Account has consented for you to use your accounts the Account for the external funds transfer serviceService.