Common use of LOST OR STOLEN DEBIT CARD OR COMPROMISED PASSWORD Clause in Contracts

LOST OR STOLEN DEBIT CARD OR COMPROMISED PASSWORD. The Depositor agrees to notify the Financial Institution immediately: a) of any suspected or actual misuse or unauthorized use of a Password; or b) if the Depositor suspects or becomes aware that a Password has been made accessible or become known to anyone other than the Depositor or an Authorized Signatory or Authorized User; or c) if the Depositor suspects or becomes aware that a Debit Card is lost or stolen. Verbal notification will only be considered given if the Depositor speaks directly to an authorized Financial Institution officer or agent, and written notification will only be considered given if the Financial Institution gives the Depositor written acknowledgement of receipt of such notification. If the Depositor notified the Financial Institution promptly and cooperated in any investigation, once the Financial Institution is satisfied that the Depositor and all Authorized Signatories and Authorized Users complied with the requirements of this section 5 regarding Password confidentiality and is the victim of fraud, theft, or coercion by trickery, force, or intimidation, the Depositor will be entitled to recover from the Financial Institution any direct losses from the Account in such fraud, theft, or coercion incurred after notice is given to the Financial Institution. The Depositor will change the applicable Password if any of the notification requirements above in paragraphs a), b) or c) arises.

LOST OR STOLEN DEBIT CARD OR COMPROMISED PASSWORD. The Depositor agrees to notify the Financial Institution immediately: a) of any suspected or actual misuse or unauthorized use of a Password; or b) if the Depositor suspects or becomes aware that a Password has been made accessible or become known to anyone other than the Depositor or an Authorized Signatory or Authorized User; or c) if the Depositor suspects or becomes aware that a Debit Card is lost or stolen. Verbal notification will only be considered given if the Depositor speaks directly to an authorized Financial Institution officer office or agent, and written notification will only be considered given if the Financial Institution gives the Depositor written acknowledgement of receipt of such notification. If the Depositor notified the Financial Institution promptly and cooperated in any investigation, once the Financial Institution is satisfied that the Depositor and all Authorized Signatories and Authorized Users complied with the requirements of this section 5 regarding Password confidentiality and is the victim of fraud, theft, or coercion by trickery, force, or intimidation, the Depositor will be entitled to recover from the Financial Institution any direct losses from the Account in such fraud, theft, or coercion incurred after notice is given to the Financial Institution. The Depositor will change the applicable Password if any of the notification requirements above in paragraphs a), b) or c) arises.