Common use of The Bank’s Liability for Failure to Complete Electronic Fund Transfers Clause in Contracts

The Bank’s Liability for Failure to Complete Electronic Fund Transfers. If we do not complete an Electronic Fund Transfer to or from your Account on time or in the correct amount according to this Agreement, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: • If, through no fault of ours, you do not have sufficient available funds in your Account to make the transfer; • If you have met or exceeded applicable withdrawal limits during the monthly statement period for your Account; • If you did not provide us with the correct information to make the transfer; • If there was an equipment or website malfunction of which you were aware before you sent us the instruction; • If circumstances beyond our control (such as power failure, fire, or flood) prevent the transfer from occurring, despite reasonable precautions we have taken; or • If your Account has been closed. There may also be other exceptions not specifically mentioned in this Agreement or that are stated elsewhere in this Agreement that may apply.