Common use of Liability for Transaction Clause in Contracts

Liability for Transaction. If a transfer to or from your account is not completed 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 exceptions. We will NOT be liable, for instance: If, through no fault of ours, you do not have enough available money in the Account from which a transfer is to be made, or if the Account has been closed or is not in good standing, or if we reverse a transfer because of insufficient funds. If any transfer would go over the credit limit on your overdraft line. If you do not obtain a confirmation number at the time you initiate a Bill Payment. If your equipment or ours was not working properly and the breakdown should have been apparent to you when you attempted to conduct the transaction. If you have not given us complete, correct or current Account numbers or other identifying information so that we can properly credit your Account or otherwise complete the transaction. If you do not properly follow our instructions or if you provide us with wrong or inaccurate information or fail to correct or tell us about any inaccuracy of which you are aware. If you have not properly followed any applicable instructions regarding your personal computer or mobile device, or Internet or cellular data access, or Service instructions we have provided or made available to you. If your personal computer or mobile device fails or malfunctions or the Services were not properly working and such problem should have been apparent when you attempted the transaction. If you do not instruct us soon enough for your transfer to be received and credited. If the money in the Account from which a transfer is to be made is subject to an administrative hold, legal process or other claim restricting the transaction. If the error was caused by a system beyond our control, such as that of your Internet or cellular data access provider. If circumstances or persons beyond our control prevent, delay, intercept, or alter the transaction, despite reasonable precautions that we have taken. If we have reasonable cause to believe that the transaction may be fraudulent. If you have closed the Account to or from which the transfer was to be made. There may be other exceptions stated in our other agreements with you. • If the money in your account is subject to legal process or other encumbrances restricting transfer; • If the Online Banking service was not working properly when you started the transfer

Appears in 2 contracts

Samples: Online Banking Agreement, Online Banking Agreement

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Liability for Transaction. If a transfer to or from your account is not completed 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 exceptions. We will NOT be liable, for instance: If, through no fault of ours, you do not have enough available money in the Account from which a transfer is to be made, or if the Account has been closed or is not in good standing, or if we reverse a transfer because of insufficient funds. If any transfer would go over the credit limit on your overdraft line. If you do not obtain a confirmation number at the time you initiate a Bill Xxxx Payment. If your equipment or ours was not working properly and the breakdown should have been apparent to you when you attempted to conduct the transaction. If you have not given us complete, correct or current Account numbers or other identifying information so that we can properly credit your Account or otherwise complete the transaction. If you do not properly follow our instructions or if you provide us with wrong or inaccurate information or fail to correct or tell us about any inaccuracy of which you are aware. If you have not properly followed any applicable instructions regarding your personal computer or mobile device, or Internet or cellular data access, or Service instructions we have provided or made available to you. If your personal computer or mobile device fails or malfunctions or the Services were not properly working and such problem should have been apparent when you attempted the transaction. If you do not instruct us soon enough for your transfer to be received and credited. If the money in the Account from which a transfer is to be made is subject to an administrative hold, legal process or other claim restricting the transaction. If the error was caused by a system beyond our control, such as that of your Internet or cellular data access provider. If circumstances or persons beyond our control prevent, delay, intercept, or alter the transaction, despite reasonable precautions that we have taken. If we have reasonable cause to believe that the transaction may be fraudulent. If you have closed the Account to or from which the transfer was to be made. There may be other exceptions stated in our other agreements with you. • If the money in your account is subject to legal process or other encumbrances restricting transfer; • If the Online Banking service was not working properly when you started the transfer

Appears in 2 contracts

Samples: Online Banking Agreement, Online Banking Agreement

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