Common use of Safeguarding Your Account Clause in Contracts

Safeguarding Your Account. You agree to safeguard your checks (whether blank or completed), debit and ATM cards, and user ID and passwords. You also agree to protect the computers and mobile devices used to access your account. You agree to notify us immediately if any of your checks (whether blank or completed), cards, user IDs, passwords, computers or mobile devices is lost, stolen or accessed by unauthorized persons. You acknowledge and agree that services, such as positive pay services, are available that can assist in protecting your account. We recommend that you consider using such services. If a loss occurs which could have been prevented through the use of such services, you will be deemed to have assumed such risk of loss and your failure to use the service shall be deemed negligence contributing to the loss.

Appears in 4 contracts

Samples: Commercial Deposit Agreement, Commercial Deposit Agreement, Commercial Deposit Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!