Information Relied Upon by the Credit Union Sample Clauses

Information Relied Upon by the Credit Union. You acknowledge and agree that the credit union is relying upon the information you provide in originating an Open Transfer on your behalf. Any errors in the information, including incorrect or inconsistent account names and numbers or the ABA number or name of the financial institution holding your verified account are your responsibility. Although you represent and warrant to the credit union that you are the owner of each verified account and describe it to the credit union by name and account number (or any other number), you understand and agree that if open transfer instructions identify a verified account by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if such number does not correspond to the name. You understand that financial institutions holding your verified accounts may not investigate discrepancies between names and numbers. In addition, you agree that the credit union has no responsibility to investigate discrepancies between names and account numbers.
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Information Relied Upon by the Credit Union. You acknowledge and agree the Credit Union is relying upon the information you provide in originating a transfer on your behalf. Errors in the information are your responsibility, including incorrect or inconsistent account names, numbers, ABA information, or the name of financial institution holding your External Account. You understand and agree if your instructions identify an External Account by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if such number does not correspond to the name. You understand some financial institutions holding your External Accounts may not investigate discrepancies between names and numbers. In addition, you agree that the Credit Union has no responsibility to investigate discrepancies between names and account numbers in this or any other instance.
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Information Relied Upon by the Credit Union. The User acknowledges and agrees that AgFed is relying upon the information the User provides in originating an Open Transfer on his/her behalf. Any errors in the information, including incorrect or inconsistent account names and numbers or the ABA number or name of the financial institution holding the verified account are the User’s responsibilities. Although the User represents and warrants the Credit Union that the User is the owner of each verified account and describes it to AgFed by name and account number (or any other number), the User understands and agrees that if an Open Transfer instruction identifies a verified account by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if such number does not correspond to the name. The User understands that financial institutions holding the User’s verified accounts may not investigate discrepancies between names and numbers. In addition, the User agrees that the Credit Union has no responsibility to investigate discrepancies between names and account numbers. Limited Power of Attorney: THE USER ACKNOWLEDGES AND AGREES THAT WHEN AGFED ORIGINATES A REQUEST FOR A TRANSFER USING THE OPEN TRANSFER SERVICE, THE CREDIT UNION IS ACTING AS HIS/HER AGENT. THE USER AGREES TO INDEMNIFY AND HOLD HARMLESS THE CREDIT UNION AS THE AGENT UNDER THIS LIMITED POWER OF ATTORNEY. Security Procedures The User agrees that AgFed will initiate a funds transfer request for the User only after the User’s access to the eligible Credit Union account(s) through its online banking service is established using login credentials. The User acknowledges and agrees that AgFed has established commercially-reasonable security procedures for the Open Transfer service. The User understands that the security procedures are designed to authenticate his/her identity before accepting a request for an Open Transfer and not to detect errors in the content of the instruction.
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Information Relied Upon by the Credit Union. I acknowledge and agree that the Credit Union is relying upon the information I provide in originating an Open Transfer on my behalf. Any errors in the information, including incorrect or inconsistent account names and numbers or the ABA number or name of the financial institution holding my Verified Account are my responsibility. Although I represent and warrant to the Credit Union that I am the owner of each Verified Account and describe it to the Credit Union by name and account number (or any other number), I understand and agree that if Open Transfer instructions identify a Verified Account by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if such number does not correspond to the name. I understand that financial institutions holding my Verified Accounts may not investigate discrepancies between names and numbers. In addition, I agree that the Credit Union has no responsibility to investigate discrepancies between names and account numbers. Limited Power of Attorney: I acknowledge and agree that when the Credit Union originates a request for a transfer using the Open Transfer Service, the Credit Union is acting as my agent. I agree to indemnify and hold harmless the Credit Union as my agent under this Limited Power of Attorney.
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Information Relied Upon by the Credit Union. I acknowledge and agree that the Credit Union is relying upon the information I provide in originating an Open Transfer on my behalf. Any errors in the information, including incorrect or inconsistent account names and numbers or the ABA number or name of the financial institution holding my Verified Account are my responsibility. Although I represent and warrant to the Credit Union that I am the owner of each Verified Account and describe it to the Credit Union by name and account number (or any other number), I understand and agree that if Open Transfer instructions identify a Verified Account by name and account number, the relevant financial institution may execute those instructions by reference to the account number only, even if such number does not correspond to the name. I understand that financial institutions holding my Verified Accounts may not investigate discrepancies between names and numbers. In addition, I agree that the Credit Union has no responsibility to investigate discrepancies between names and account numbers. Limited Power of Attorney. I ACKNOWLEDGE AND AGREE THAT WHEN THE CREDIT UNION ORIGINATES A REQUEST FOR A TRANSFER USING THE OPEN TRANSFER SERVICE, THE CREDIT UNION IS ACTING AS MY ATTORNEY-IN- FACT. I AGREE TO INDEMNIFY AND HOLD HARMLESS THE CREDIT UNION AS MY ATTORNEY-IN-FACT UNDER THIS LIMITED POWER OF ATTORNEY. THIS SECTION PERTAINING TO LIMITED POWER OF ATTORNEY SPECIFICALLY AND EXPRESSLY INCORPORATES ALL LIMITATIONS OF LIABILITY AND WAIVERS OF WARRANTY CONTAINED ELSEWHERE IN THIS AGREEMENT, AND THIS SECTION SHALL BE SUBJECT TO ALL SAID LIMITATIONS OF LIABILITY AND WARRANTY WAIVERS TO THE FULLEST EXTENT POSSIBLE. Security Procedures: I agree that the Credit Union will initiate a funds transfer request for me only after I access my Eligible Credit Union Account(s) through its Online Access banking service using the established login credentials. I acknowledge and agree that the Credit Union has established commercially-reasonable security procedures for the Open Transfer service. I understand that the security procedures are designed to authenticate my identity before accepting a request for an Open Transfer and not to detect errors in the content of my instruction. Verification of Accounts at Other Financial Institution(s): After agreeing to this Agreement and providing any additional information requested, I may enroll accounts that I hold at other financial institutions (each, a "Third Party Account") in the Open Transf...
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Related to Information Relied Upon by the Credit Union

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