Account Verification AgreementAccount Verification Agreement • January 13th, 2011 • New York
This Agreement is between you and First New York Federal Credit Union (also referred to as "we,” “us” or “First New York”). The terms "you" and "your" refer to the individual that registers for the Service. This Agreement sets forth the terms and conditions for your use of the Account Funding Services
BANK ACCOUNT VERIFICATION AGREEMENTS ARE CONSTRUED AGAINST THE BANKAccount Verification Agreement • December 10th, 2020
It is probably generally understood amongst those who provide and consume banking type services that in most situations, where a fraudster has forged a bank's customer's cheque and funds have thereby been removed from the customer's account, as between the bank and its customer, the bank is responsible for the loss and must recredit its customer's account. Section 48(1) of the Bills of Exchange Act (Canada) unequivocally states that a forged signature on a cheque is "wholly inoperative".
