Common use of Transaction Limits and Safeguards Clause in Contracts

Transaction Limits and Safeguards. Customer agrees not to exceed the Service transaction limits the Bank establishes from time to time for Customer’s accounts (e.g., in connection with ACH transactions). Customer agrees that it will not allow anyone, including any non-employee User, to initiate instructions, or use any Service, on its behalf without proper supervision and adequate safeguards, and that Customer will review pending instructions prior to their submission to the Bank to ensure that they are complete, accurate, and properly authorized.

Appears in 3 contracts

Samples: Business Online Banking Services Terms and Conditions, Business Online Banking Services Terms and Conditions, Business Online Banking Services Terms and Conditions

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Transaction Limits and Safeguards. Customer agrees not to exceed the Service transaction limits the Bank establishes from time to time for Customer’s accounts (e.g., in connection with ACH transactions)accounts. Customer agrees that it will not allow anyone, including any non-employee User, to initiate instructions, or use any Service, on its behalf without proper supervision and adequate safeguards, and that Customer will review pending instructions prior to their submission to the Bank to ensure that they are complete, accurate, and properly authorized.

Appears in 1 contract

Samples: Business Online Banking Agreement

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