Common use of Electronic Statements and Regulatory Information Clause in Contracts

Electronic Statements and Regulatory Information. Customer may elect to receive Account statements, account analysis and other information relating to Account activity or services, Transactional activity and/or Services used with the Bank and/or its Affiliates (“Statements”) electronically. Statements with respect to which Customer opts for electronic delivery (“Electronic Statements”) will be selected by Customer on the Documentation. By selecting electronic delivery of Statements, Customer consents both to electronic delivery of such Statements and to electronic delivery of regulatory information that the Bank or its affiliates would typically include in mailings of paper Statements, such as mandated disclosures (“Regulatory Information”). Electronic Statements and Regulatory Information will be made available for viewing and printing through Customer’s access via IBS or other System. Bank will make the Electronic Statements available after the Account’s Statement cycle. The Bank recommends that Customer enroll for email notifications offered through IBS in connection with Electronic Statements, which provide notice to the Customer that the Electronic Statements are available for viewing, however, the Bank will have no liability or responsibility for any failure or delay in such email notifications being provided. Selecting electronic delivery of Statements and Regulatory Information will result in only electronic delivery (and NO paper delivery) thereof. Customer represents and warrants that it has the ability to receive, access and view the Electronic Statements and Regulatory Information by using IBS or other System and acknowledges that Customer’s receipt of the Electronic Statements and Regulatory Information is subject to the terms of Schedule 2 of this Agreement. Notwithstanding the foregoing, the Bank may, at its option, deliver paper Statements and/or Regulatory Information at any time. In addition, Customer may request a paper Statement and/or Regulatory Information by contacting Customer’s service representative. A fee may apply for such Customer requests. Email and IBS shall constitute a “System” and Electronic Statements shall constitute a “Service” for purposes of this Agreement.

Electronic Statements and Regulatory Information. Customer may elect to receive Account statements, account analysis and other information relating to Account activity or services, Transactional activity and/or Services used with the Bank and/or its Affiliates (“Statements”) electronically. Statements with respect to which Customer opts for electronic delivery (“Electronic Statements”) will be selected by Customer on the Documentation. By selecting electronic delivery of Statements, Customer consents both to electronic delivery of such Statements and to electronic delivery of regulatory information that the Bank or its affiliates would typically include in mailings of paper Statements, such as mandated disclosures (“Regulatory Information”). Electronic Statements and Regulatory Information will be made available for viewing and printing through Customer’s access via IBS or other System. Bank will make the Electronic Statements available after the Account’s Statement cycle. The Bank recommends that Customer enroll for email notifications offered through IBS in connection with Electronic Statements, which provide notice to the Customer that the Electronic Statements are available for viewing, however, the Bank will have no liability or responsibility for any failure or delay in such email notifications being provided. Selecting electronic delivery of Statements and Regulatory Information will result in only electronic delivery (and NO paper delivery) thereof. Customer represents and warrants that it has the ability to receive, access and view the Electronic Statements and Regulatory Information by using IBS or other System and acknowledges that Customer’s receipt of the Electronic Statements and Regulatory Information is subject to the terms of Schedule 2 of this the Agreement. Notwithstanding the foregoing, the Bank may, at its option, deliver paper Statements and/or Regulatory Information at any time. In addition, Customer may request a paper Statement and/or Regulatory Information by contacting Customer’s service representative. A fee may apply for such Customer requests. Email and IBS shall constitute a “System” and Electronic Statements shall constitute a “Service” for purposes of this the Agreement.