Common use of Information Reporting and Data Exchange Clause in Contracts

Information Reporting and Data Exchange. This Service provides you with balance and transaction information for your Accounts on a current day and/or historical basis. There are a variety of reports and tools available to allow you to create custom reports and searches to find only the data you need to review or export. You may choose to view/receive your current day and/or previous day information directly, or you may have Bank deliver your account information to another financial institution or entity. This service also includes online DDA Statement delivery. You are responsible for timely reconcilement of your statement. Current day reports allow you to see updated balance and transaction information during the current business day. Transactions that display on current day reports are received by the bank, but not yet posted to your account. They are subject to verification and adjustment. For final review of the account balance and transactions for the day, you should use previous day reports, which shows all final and posted activity. You may choose to have information for your accounts at other financial institutions or entities sent to bank for inclusion on your current day and/or previous day reports. Bank will receive this data from the other financial institution's data exchange provider and will make it available through our Lock Box Web Portal as it is available. You agree to authorize the other financial institution to send this information to Bank. The specific level of detail included in the data file and frequency of reporting is selected by you when establishing the data exchange service with the sending financial institution. Bank is not responsible for the accuracy or timeliness of any data sent to us from a third party. If you have chosen to have your Information Reporting or other reports delivered via fax, we will send the fax to the fax number that you have provided to us in writing. You may change this fax number at any time, and all such changes must also be provided in writing. Faxes are sent over standard telephone lines. If you desire a heightened level of security, you should consider using one of our online products. You are responsible for the security of the data once it reaches your fax machine. We will have no obligation to contact you should the information be undeliverable because your fax machine or telephone line is inoperable or unavailable.

Information Reporting and Data Exchange. This Service provides you with balance and transaction information for your Accounts on a current day and/or historical basis. There are a variety of reports and tools available to allow you to create custom reports and searches to find only the data you need to review or export. You may choose to view/receive your current day and/or previous day information directly, or you may have Bank deliver your account information to another financial institution or entity. This service also includes online DDA Statement delivery. You are responsible for timely reconcilement of your statement. Current day reports allow you to see updated balance and transaction information during the current business day. Transactions that display on current day reports are received by the bank, but not yet posted to your account. They are subject to verification and adjustment. For final review of the account balance and transactions for the day, you should use previous day reports, which shows all final and posted activity. You may choose to have information for your accounts at other financial institutions or entities sent to bank for inclusion on the your current day and/or previous day reports. Bank will receive this data from the other financial institution's data exchange provider and will make it available through our Lock Box Web Portal as it is available. You agree to authorize the other financial institution to send this information to Bank. The specific level of detail included in the data file and frequency of reporting is selected by you when establishing the data exchange service with the sending financial institution. Bank is not responsible for the accuracy or timeliness of any data sent to us from a third party. If you have chosen to have your Information Reporting or other reports delivered via fax, we will send the fax to the fax number that you have provided to us in writing. You may change this fax number at any time, and all such changes must also be provided in writing. Faxes are sent over standard telephone lines. If you desire a heightened level of security, you should consider using one of our online products. You are responsible for the security of the data once it reaches your fax machine. We will have no obligation to contact you should the information be undeliverable because your fax machine or telephone line is inoperable or unavailable.