For Business Accounts. A shorter period for review applies if you are a business or other client who is not a consumer. You must review each statement we make available to you within 14 calendar days from the time we make it available and notify us if the statement reflects a forged or unauthorized item or transaction as stated above.
For Business Accounts. Altamaha Bank additional services we offer to help Businesses prevent or detect fraud timely include: • Positive Pay • ACH Posting Restrictions • Digital Banking for Daily Account Monitoring - Assign someone to review all account transactions posting each morning by 10am, including reviewing check images. *Notify the bank immediately if unauthorized transactions are identified. Xxxxx must identify and timely return certain fraudulent transactions to the other bank by the next business day or else lose charge back rights. Protecting Your Business Account and Your Information. There is a growing risk of monetary losses resulting from fraud, including unauthorized items. To help prevent fraud on your account, you should take reasonable steps to ensure the integrity of your account and items drawn on your account and deposited to it. We recommend you take the following preventive measures (not an exhaustive list): • Don't provide your account numbers to unknown persons and businesses. Fraudsters use this information to initiate fraudulent transactions. Examples of fraudulent transactions could be the creation of counterfeit checks, electronic withdrawals, etc. • Consider having a separate account with a low balance for receiving wire transfers. As soon as wired funds are received, transfer the funds to one of your other accounts. This would prevent fraudsters from obtaining and compromising your main operating accounts. • Only write checks to people and businesses you know or trust. • Avoid mailing checks when possible. There is a sharp increase in check fraud schemes targeting U.S. Mail. FlNCEN (Financial Crimes Enforcement Network) and the U.S. Postal Service have issued multiple alerts recently. Fraudsters are intercepting checks in the mail and using the stolen account numbers to create fraudulent checks. • Be cautious depositing checks from anyone you don't know. Ifa deposited check winds up being bad, it will be charged back to your account. You are responsible to the bank for the full amount of any check you deposit. For example, if a check chargeback results in your account being overdrawn, you are responsible for bringing your account back to a positive balance. • Write your checks in a manner to prevent others from adding words, numbers, or making other changes without your authorization. • Protect your checks from unauthorized use and theft by always securing your supply of checks (for example, never leave checks in an unlocked vehicle, or out in a ...
For Business Accounts. Each party will be responsible for and pay its own costs, including attorney’s fees incurred in preparing and presenting its case during the arbitration proceedings. Notwithstanding the foregoing, the arbitrator is permitted to award attorney’s fees to the prevailing party under Applicable Law or agreement and if the arbitrator determines a party to be the prevailing party under circumstances where the prevailing party won on some but not all of the claims and counterclaims, the arbitrator may award the prevailing party an appropriate percentage of the costs and attorney’s fees reasonably incurred by the prevailing party in connection with the arbitration.
For Business Accounts
