Non-Consumer Accounts. Our Services are available for consumer and non-consumer customers, to access and maintain personal and business banking accounts. For purposes of this Agreement, consumer and non-consumer accounts are defined in Regulation E issued by the Federal Reserve. Generally, a consumer account is an account that is used for personal, family, or household purposes; all other accounts are non-consumer accounts. Protections available under Regulation E apply only to consumer accounts. Non-consumer customers may use the Services by hereby agreeing that (a) only one User ID and Password will be established, (b) that the User ID and Password will be known only to the owner of the business, (c) that all deposit and loan accounts associated with the TIN or EIN will be displayed to the user via this Service, and (d) that you acknowledge and agree to the terms below.
Non-Consumer Accounts. If an Account is owned by an entity (business, organization, association, government, etc. which not a natural person) or was established by a natural person in order to conduct transactions primarily for business, commercial or agricultural purposes, then any Online Banking electronic fund transfer will be considered an "authorized use," and your liability for any Online Banking transaction relating to that Account will be unlimited, regardless of the provisions within the Federal Electronic Fund Transfer Act, Regulation E, or any standardized literature or disclosures we may have inadvertently provide to you.
Non-Consumer Accounts. Subject to your authorization, we may authorize and pay overdrafts created by ATM and everyday debit card transactions at our discretion. When you open an account that is eligible for the Overdraft Privilege Service (see below section for “Overdraft Privilege Service”), you will receive a notice describing your options. If you wish to take advantage of this coverage, you can complete an authorization form, or you can speak to a Financial Services Representative and verbally provide your consent. If you opt to have First Bank authorize and pay ATM and everyday debit cardtransactions, when a paid item causes your Available Balanceto becomenegative or occurs whilethe Available Balance on the account is negative, we may charge an Overdraft Fee for each item. Consumer and Non-Consumer Accounts. Youmay choose at any time not toparticipateinthe ATMand Everyday Debit Card Standard Overdraft Coverage option by notifyingone of our Financial ServicesRepresentativesverbally or inwriting. For accounts in Consumer eBanking, you maylogintoeBanking to change your selection via Messages. If you opt to not have First Bank authorize and pay ATM and everyday debit card transactions that cause your Available Balance to become negative, your ATM or everyday debit card transaction will be declined, and you will not be charged a fee.
Non-Consumer Accounts. This “Non-Consumer Accounts” section applies to transactions on accounts that are not primarily established for personal, family or household purposes and to transactions that are otherwise not subject to the federal Electronic Funds Transfer Act (the “EFTA”) (Non-Consumer Transactions”), and to the persons who make them. To the extent this section is inconsistent with any of the provisions of this Agreement, the terms and conditions of this section will control as it is applied to Non-Consumer Transactions.
Non-Consumer Accounts. Accounts held in the name of a business, association, organization or other non- consumer entity are subject to the terms set forth in this Agreement. The account owners agree to inform us of the persons authorized to transact business on behalf of the non-consumer entity in a resolution acceptable to us. The parties identified in the resolution will be authorized to contract and otherwise act on behalf of the entity identified. We may rely on the resolution, as applicable, and corresponding Signature Cards until such time as we are informed of changes in a written document signed by any owner, officer or director of the organization that is actually delivered and received by us. We may require that third party checks payable to a non-consumer entity not be cashed, and be deposited.
Non-Consumer Accounts. If the Claim involves transactions in a non-consumer Account (as defined above), the arbitrator does not have authority to award punitive, exemplary, statutory or consequential damages or damages for lost profits. In addition, in any dispute, the arbitrator will award the prevailing party its costs and fees. The arbitrator may award a prevailing party its reasonably attorneys’ fees. The award of attorneys’ fees and costs, however, may not exceed the agreed upon sum of Fifty Thousand ($50,000.00) Dollars.
Non-Consumer Accounts. If your Accounts are owned by an entity other than a natural person or were established primarily for business, commercial or agricultural purposes, then any Online Banking electronic fund transfer using your login credentials will be considered an "authorized use," and your liability for any Online Banking transaction relating to that Account will be unlimited, notwithstanding the provisions of the Federal Electronic Fund Transfer Act, Regulation E, or any standardized literature or disclosures we may send you.
