Examine Your Statement Sample Clauses
The "Examine Your Statement" clause requires account holders to review their financial statements for accuracy and report any discrepancies or unauthorized transactions. Typically, this clause sets a specific timeframe within which customers must notify the financial institution of errors, such as fraudulent charges or incorrect balances, to ensure prompt resolution. Its core function is to protect both the customer and the institution by encouraging timely detection and correction of mistakes, thereby minimizing potential losses and disputes.
Examine Your Statement. You must review your statement as soon as possible after you receive it, and report to us any errors or unauthorized transactions. If you do not report any such errors within 60 days of the day we mail the statement with the error on it, you agree to accept the statement as correct. Read the next section as well for the procedure to follow. Your statement will tell you where to send any written notice of errors.
Examine Your Statement. You must promptly review your statement upon receipt or frequently review transaction history through Online Banking or Mobile Banking. Report any unauthorized transactions as soon as possible. See “In Case of Errors or Questions About Your Electronic Transfers”.
A. Business Days
B. Email
Examine Your Statement. You must promptly review your statement upon receipt. See In Case of Errors or Questions About Your Electronic Transfers.