Common use of Reviewing Your Account Statements Clause in Contracts

Reviewing Your Account Statements. You are in the best position to discover issues or problems with your account, such as forged, unauthorized or missing signatures or endorsements, a material alteration, a missing or diverted deposit or any other error or discrepancy relating to a check, draft, or other instrument for the payment of money, deposit, or other credit or debit to your account. Therefore, you must promptly and carefully examine your statements and images of cancelled checks that we make available to you. If you think that an unauthorized person has withdrawn funds from your account, that one or more deposits is not reflected on your statements, or that there is any other type of error or discrepancy in your statements, you should notify us immediately and in no event later than thirty (30) calendar days (unless a longer period of time is required by Applicable Law) after we send you or otherwise make your account statement available to you. If you do not provide us with notice within this time frame, you may have to share any Losses that may occur on the account due to unauthorized signatures or alterations on your account, or bear the Losses entirely (depending on whether or not we used ordinary care in processing the check or if our actions or inactions substantially contributed to the Losses). This could include subsequent Losses perpetrated by the same individual.

Reviewing Your Account Statements. You are in the best position to discover issues or problems with your account, such as forged, unauthorized or missing signatures or endorsements, a material alteration, a missing or diverted deposit or any other error or discrepancy relating to a check, draft, draft or other instrument for the payment of money, deposit, deposit or other credit or debit to your account. Therefore, you must promptly and carefully examine your statements and images of cancelled checks that we make available to you. If you think that an unauthorized person has withdrawn funds from your account, that one or more deposits is not reflected on your statements, or that there is any other type of error or discrepancy in your statements, you should notify us immediately and in no event later than thirty (30) calendar days (unless a longer period of time is required by Applicable Law) after we send you or otherwise make your account statement available to you. If you do not provide us with notice within this time frame, you may have to share any Losses that may occur on the account due to unauthorized signatures or alterations on your account, or bear the Losses entirely (depending on whether or not we used ordinary care in processing the check or if our actions or inactions substantially contributed to the Losses). This could include subsequent Losses perpetrated by the same individual.