Common use of Unsuccessful, Rejected, Delays and Cancellations Clause in Contracts

Unsuccessful, Rejected, Delays and Cancellations. If an External Transfers transfer fails to be executed, the Credit Union will notify you of via e-mail, U.S. mail, or through messages delivered through the External Transfers service. The method of notification shall be in the Credit Union’s sole discretion. The Credit Union may reject any request for transfer at any time for any reason, at its sole discretion. If the Credit Union rejects an External Transfers transfer request for any reason, you will be informed during your online session or via a secure message within our digital banking platform soon thereafter. Subject to the limitations included herein, you can cancel one-time future-dated and recurring transfers prior to processing by selecting the “Pending Transfers” category within the External Transfers area of digital banking, and then pressing the “delete” link next to any listed pending transfer. You cannot cancel transfers that are processed. We may, however, at our option attempt to cancel the transaction. While the easiest way to cancel a transfer is through the above-described method, you may request to cancel a one-time future-dated or recurring transfer by calling us at 000.000.0000. If you call, we may also require you to submit your request in writing and get it to us within 14 days. You may not call and cancel an In Process or Processed transfer. You may cancel or amend a transfer request only if the Credit Union receives your notice of such cancellation or amendment prior to the execution of the transfer and at a time which provides the Credit Union with a reasonable opportunity to act upon such notice. The Credit Union will not be liable to you for any loss resulting from the failure of another financial institution to agree to the recall or amend of your transfer request. The Credit Union will not be responsible for any delay, failure to execute, or failed execution of a transfer request due to circumstances beyond its control, including without limitation, any inaccuracy, interruption, delay in transmission, or failure in the means of transmission of your request or execution of such request, whether caused by power failures, equipment malfunctions, or acts or omissions of any intermediary beneficiary financial institution. The Credit Union makes no warranties, express or implied, including the failure of any intermediary or beneficiary financial institution to credit you or your beneficiary with the amount of the external funds transfer after receipt of same with respect to any matter.

Appears in 3 contracts

Samples: Digital Banking Agreement and Disclosure, Digital Banking Agreement and Disclosure, External Transfers Service Agreement and Disclosure

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Unsuccessful, Rejected, Delays and Cancellations. If an External Transfers external transfer fails to be executed, the Credit Union will notify you, at our discretion, so you of will understand the nature and reason for such failure; we will notify you either in writing, via e-maile‐mail, U.S. conventional mail, or through messages delivered through the External Transfers service. The method of notification shall be in the Credit Union’s sole discretion. The Credit Union may reject any request for transfer at any time for any reason, at its sole discretion; for example, the Credit Union may reject your request if the request for the dollar amount of one or more of your transfers exceeds your daily or monthly transfer limit, if your account exceeds its available funds, if your request is incomplete, if the Credit Union identifies a security risk related to you or the requested transfer(s), or if we are unable to fulfill the request for any other reason. If You understand and agree if the Credit Union rejects a request for an External Transfers external transfer request for any reason, you will be informed during your online session or via a secure message within our digital online banking platform as soon thereafter. Subject to the limitations included herein, you can cancel one-time future-dated and recurring transfers prior to processing by selecting the “Pending Transfers” category within the External Transfers area of digital banking, and then pressing the “delete” link next to any listed pending transfer. You cannot cancel transfers that are processed. We may, however, at our option attempt to cancel the transaction. While the easiest way to cancel a transfer is through the above-described method, you may request to cancel a one-time future-dated or recurring transfer by calling us at 000.000.0000. If you call, we may also require you to submit your request in writing and get it to us within 14 days. You may not call and cancel an In Process or Processed transfer. You may cancel or amend a an external funds transfer request only if the Credit Union receives we receive your notice of such cancellation or amendment request prior to the execution of the external funds transfer and at a time which provides the Credit Union us with a reasonable opportunity to act upon such noticethe request. The Credit Union will not be liable to you for any loss resulting from the failure of another financial institution the beneficiary bank to agree to the recall or amend amendment of your external transfer request. The You agree the Credit Union will not be responsible for any delay, failure to execute, or failed execution mis‐execution of a your external funds transfer request due to circumstances beyond its our control, ; including without limitation, any inaccuracy, interruption, delay in transmission, or failure in the means of transmission of your request to the bank or execution of such request, whether caused by power failures, equipment malfunctions, or acts or omissions of any intermediary bank or beneficiary financial institutionbank. The Credit Union makes no warranties, express or implied, including the failure of any intermediary bank or beneficiary financial institution bank to credit you or your beneficiary with the amount of the external funds transfer after receipt of same with respect to any matter.

Appears in 1 contract

Samples: Banking Agreement

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