Transfer Requests by Telephone, Facsimile, E mail or Other Means of Communication
Transfer Requests by Telephone, Facsimile, E mail or Other Means of Communication The Bank may permit you to request a transfer of funds from your Deposit Account(s) at the Bank by telephone, facsimile, e- mail or other means of communication (“General Instructions”). You agree that the risk and possible losses from General Instructions are yours. You agree that the Bank will not be liable for any losses arising from General Instructions and you will indemnify the Bank and hold it harmless against any claims by you or third parties, in the event that the Bank effects a transfer after receiving General Instructions and such instructions were not authorized by you, or were misunderstood. In this regard, the Bank may, but will not be required to, seek verification of such General Instructions by call back to you or other procedure. The Bank may in its sole discretion refuse to execute General Instructions without incurring any liability to you and will have no obligation to transfer funds in the absence of written instructions from you. If your account is a money market savings account, transfers requested by General Instructions will generally count toward the number of transfers that you are allowed per statement period.
