Unauthorized Account Activity Clause Samples
The Unauthorized Account Activity clause defines the procedures and responsibilities related to any transactions or actions on an account that are not authorized by the account holder. Typically, this clause outlines how customers should report suspicious or unauthorized activity, the timeframe for such reporting, and the process the institution will follow to investigate and potentially reverse fraudulent transactions. Its core function is to protect both the account holder and the institution by establishing clear steps for addressing unauthorized use, thereby minimizing financial loss and ensuring prompt resolution of security breaches.
Unauthorized Account Activity. You are solely responsible for monitoring your Account for unauthorized or suspicious instructions, orders, actions, or transactions (“Unauthorized Activity”), and agree that we are not responsible (and you will not hold us responsible) for any Unauthorized Activity. You agree to protect your Account from Unauthorized Activity by (i) reviewing, on an ongoing basis, your transaction history and your Account Profile; (ii) reviewing, immediately upon receipt, any Confirmations, confirmations and notices we provide through the Platform, post to your Account or send to the email address associated with your Account; and (iii) verifying that you receive a confirmation from us that an Order or instruction you provide was received, executed or cancelled, as applicable, and (iv) in the event of not having received any such confirmation, notifying us within twenty-four (24) hours of such Order or instruction.
Unauthorized Account Activity. You are solely responsible for monitoring your Account for unauthorized or suspicious instructions, Orders, actions, or transactions (“Unauthorized Activity”), and agree that we are not responsible (and you will not hold us responsible) for any Unauthorized Activity. You acknowledge and agree that you are solely responsible for any Order placed through your Account as a result of Unauthorized Activity. You agree to protect your Account from Unauthorized Activity by: (i) reviewing, on an ongoing basis, your transaction history and your Account Profile; (ii) reviewing, immediately upon receipt, any transaction receipts, confirmations and notices that we may provide through the Platform, post to your Account or send to your email address associated with your Account; (iii) verifying that you received a confirmation from us and, if applicable, the Platform, that an Order or instruction you provide is received, executed or cancelled, as applicable; and (iv) in the event of not having received any such confirmation, notifying us and, if applicable, the Platform, within twenty-four (24) hours of such Order or instruction.
Unauthorized Account Activity. If you believe that there is an error or unauthorized transaction or activity associated with your Payment Account, you should contact us immediately.
Unauthorized Account Activity. If you believe that there is an error or unauthorized transaction or activity associated with your Service Account, you should contact us immediately.