Common use of Verification of Transactions and Right to Reverse Transactions Clause in Contracts

Verification of Transactions and Right to Reverse Transactions. All transactions, including those for which FSB provides a receipt, are subject to final verification. Verification of a deposit does not occur at the teller window. Consequently, the receipt that you receive at the time of your deposit is not evidence that your deposit has been verified. FSB may reverse or otherwise adjust any transaction (both credit and debit) that FSB believes it erroneously made to your account at any time without prior notice to you.

Verification of Transactions and Right to Reverse Transactions. All transactions, including those for which FSB provides a receipt, are subject to final verificationfinal verification. Verification Verification of a deposit does not occur at the teller window. Consequently, the receipt that you receive at the time of your deposit is not evidence that your deposit has been verifiedverified. FSB may reverse or otherwise adjust any transaction (both credit and debit) that FSB believes it erroneously made to your account at any time without prior notice to you.