Common use of Online Banking Service Limitations and Requirements Clause in Contracts

Online Banking Service Limitations and Requirements. The following limitations and requirements on Online Banking transactions may apply: i. Transaction Authorization. You authorize us to debit your account for any transactions processed through Online Banking or other Electronic Service, and for any fees incurred. You authorize us to initiate any reversing entry or reversing file, and to debit your accounts at the Credit Union or elsewhere, in order to correct any erroneous transaction. You agree to cooperate with any action to reverse a transaction that was made in error and to offset any benefit you receive against any loss we suffer.

Appears in 8 contracts

Samples: Membership & Account Agreement, Business Membership & Account Agreement, Membership & Account Agreement

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