Common use of Telephone Banking Clause in Contracts

Telephone Banking. If you use Telephone Banking, we will send you a Telephone Banking Payee list for use when making telephone payments and transfers. The Telephone Banking Payee list will show the telephone number you must call in order to initiate Telephone Banking transactions, your customer identification number (which must be entered in addition to any other Password that you use to login to Telephone Banking), the account numbers you have provided us for use in connection with telephone Banking, and the codes we have assigned to each Payee and/or Service Account for which you will initiate Payment and Transfer transactions through Telephone Banking. If you have authorized us to make preauthorized fixed payments or transfers for you, the Payee list also will show the amount of each such payment or transfer and when and how long such payments or transfers will be made.