Common use of Liability for Failure to Make Transfers Clause in Contracts

Liability for Failure to Make Transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: • If, through no fault of ours, you do not have enough money in your account to make the transfer. • If the transfer would go over the credit limit on your overdraft protection account. • If the Terminal where you are making the transfer does not have enough cash. • If the Terminal was not working properly and you knew about the breakdown when you started the transfer. • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. • If you have reported your TransFund Check Card(s) or PIN as lost or stolen. • If your card(s) or PIN is canceled. • If the funds in your account are unavailable because of a garnishment, levy, or other hold requirement imposed upon us by law or by government agency or court orders. • If your Online Banking privileges have been canceled; • If the required information is incomplete or incorrect through Online Banking; • If when scheduling payments through Bill Pay, insufficient lead time was allowed; • If your computer is not working properly or has been stolen or destroyed; • If the system is unavailable due to a system shutdown. NOTE: The available "on-line" balances are updated via Online Banking after each transfer or payment you initiate, but transactions will not be posted to your account until they have been validated by the Credit Union's system.

Liability for Failure to Make Transfers. If we do not complete a transfer to or from your account account(s) on time or in the correct amount according to our Agreement agreement with you, we will be liable for your actual losses or damages. However, there There are some exceptions. We will not be liableexceptions to our liability, for instancesuch as: • If, through no fault of ours, you do not have enough money in your account to make the transfer. transfer and you have not authorized the Bank to honor ATM or one-time debit card transaction(s) which result in an overdraft through the use of our Overdraft Privilege (ODP) service; • If the transfer would go over the credit limit on your overdraft protection account. line of credit (if applicable); • If the Terminal ATM where you are making the transfer does not have enough cash. ; • If the Terminal ATM, computer system, electronic terminal or network was not working properly and you knew about the breakdown when you started the transfer. ; • If circumstances beyond our control (such as fire a flood or floodfire) prevent the transfer, despite reasonable precautions that we have taken. ; • If you have reported your TransFund Check Card(s) or PIN as lost or stolen. we do not receive sufficient information to complete the transfer; • If your card(s) account has been closed or PIN is canceled. your EFT privileges have been revoked or cancelled; • If the funds in your account are unavailable is frozen because your co- depositor notified us of a dispute between you or because of a garnishmentcourt order, levy, legal process or other hold requirement imposed upon us by law or by government agency or court orders. • If your Online Banking privileges have been canceledclaim; • If the required information is incomplete access device that you attempted to use to make the transfer was reported lost or incorrect through Online Bankingstolen; • If when scheduling payments through Bill Paywe are protecting the security of any account, insufficient lead time was allowedsystem, network or otherwise; • If your computer is not working properly or has been stolen or destroyed; • If the system is unavailable due to a system shutdown. NOTE: The available "on-line" balances are updated via Online Banking after each transfer or payment you initiateas otherwise stated in Provident Bank’s Cardholder Agreement and Disclosure for Consumer Accounts, but transactions will not be posted to your account until they have been validated by the Credit Union's systemand/or Consumer Deposit Accounts Terms and Conditions Agreement.