Duty to Report Unauthorized or Erroneous Payment. You must exercise ordinary care to determine that all payment orders or amendments to payment orders that we accept that are issued in your name are authorized, enforceable, in the correct amount, to the correct beneficiary, and not otherwise erroneous. If you discover (or with reasonable care should have discovered) an unauthorized, unenforceable, or erroneously executed payment order or amendment, you must exercise ordinary care to notify us of the relevant facts. The time you have to notify us will depend on the circumstances, but that time will not in any circumstance exceed 14 days from when you are notified of our acceptance or execution of the payment order or amendment or that your account was debited with respect to the order or amendment. If you do not provide us with timely notice, you will not be entitled to interest on any refundable amount. If we can prove that you failed to perform either of these duties with respect to an erroneous payment and that we incurred a loss as a result of the failure, you are liable to us for the amount of the loss not exceeding the amount of your order. IDENTIFYING NUMBER – If your payment order identifies an intermediate bank, beneficiary bank, or beneficiary by name and number, we and every receiving or beneficiary bank may rely upon the identifying number rather than the name to make payment, even if the number identifies an intermediate bank or person different than the bank or beneficiary identified by name. Neither we nor any receiving or beneficiary bank have any responsibility to determine whether the name and identifying number refer to the same financial institution or person.
Duty to Report Unauthorized or Erroneous Payment. You must exercise ordinary care to promptly review all payment orders and amendments (including cancelations) issued in your name that we accept for proper authorization, amount, and beneficiary, and any other errors. You must exercise reasonable promptness and ordinary care to discover and notify us of unauthorized or erroneous payment orders or Funds Transfers. You must notify us of the relevant facts with sufficient information to identify each specific Funds Transfer or payment order. Reasonable promptness will depend on the circumstances but will not under any circumstance exceed 14 days from the time you are notified of our acceptance or execution of the payment order (or amendment) or that the funds were withdrawn from your account, whichever is earlier. Failure to provide us with timely notice shall preclude you from receiving interest on any returnable amount. If you fail to perform any of these duties to review, discover, and report an erroneous or unauthorized payment, and this failure causes us to incur a loss, you agree that you will be liable to us for the amount of the loss (not exceeding the amount of your order).
Duty to Report Unauthorized or Erroneous Payment. (s). All Transfers will appear on the Customer’s regular account statement. Customer must exercise ordinary care to examine each statement for any discrepancy concerning any Transfer (including without limitation discrepancies in authorization or errors in amount or beneficiary) and to promptly notify Centier of such discrepancies. The amount of time that the Customer has to discover and report such discrepancies will depend on the circumstances, but shall in no event exceed fourteen (14) days from (i) the date Centier makes the account statement available to the Customer, (ii) the date of a notice of Centier’s acceptance of a transfer request, or (iii) the date on which other information is made available to the Customer (including without limitation information available via an online banking application) sufficient for the Customer to detect the discrepancy. If the Customer fails to report the discrepancy promptly, Centier shall not be liable for and the Customer shall indemnify and hold harmless Centier from and against any loss of interest with respect to the Transfer and any other loss which could have been avoided had the Customer given such notice. If the Customer fails to notify Centier within sixty (60) days after Centier makes available to the Customer the account statement or other information sufficient to detect the discrepancy, the Customer is precluded from any claim against Centier. If the Customer is a consumer transferring funds internationally for personal, family or household purposes, different reporting rights and requirements will be detailed in the disclosures that Centier provides when such Transfers are initiated.
