Reliance on Identifying Numbers and Other Information. The Credit Union may rely, without incurring liability to you, on information (including names, amounts and account numbers) provided by you and/or your Authorized Users in the Payment Order or otherwise when executing or otherwise processing a Payment Order, even if such information is incorrect. Accordingly, you understand that when a Payment Order identifies by name and number a beneficiary financial institution, intermediary financial institution or beneficiary, the Credit Union and every receiving or beneficiary financial institution may rely on the identifying number to make payment, regardless of whether the number matches the named financial institution, person or account.
Appears in 10 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
