Additional Provisions Applicable Only to Business Accounts Clause Samples
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Additional Provisions Applicable Only to Business Accounts. A. Protecting Passcodes
1) keep your passcode secure and strictly confidential, providing it only to authorized signers on your account(s);
2) instruct each person to whom you give your passcode that he or she is not to disclose it to any unauthorized person; and 3) immediately notify us and select a new passcode if you believe your passcode may have become known to an unauthorized person. Bank of America will have no liability to you for any unauthorized payment or transfer made using your passcode that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice. We may suspend or cancel your passcode even without receiving such notice from you, if we suspect your passcode is being used in an unauthorized or fraudulent manner. For businesses who use the additional services described in Section 7, this section applies to all Online Banking passcodes, including those assigned to users or Administrators. You are responsible for all transactions performed by you and any designated user(s), including Administrator(s), whether you specifically authorize the transactions or not. If you notify us that the person is no longer authorized, then only transactions that person performs after the time you notify us are considered unauthorized.
B. Acknowledgment of Commercially Reasonable Security Procedures
C. Limitation of Bank's Liability (does not apply to Transfers Outside Bank of America or Direct Payments Service)
Additional Provisions Applicable Only to Business Accounts. A. Protecting Passcodes B. Acknowledgment of Commercially Reasonable Security Procedures
Additional Provisions Applicable Only to Business Accounts a In Case of Error or Questions About your Electronic Transactions. In case of errors or questions about your transactions, you should as soon as possible contact us as set forth in Section 2.p above (Notices to Us). We will use commercially reasonable efforts to resolve the error or question.
Additional Provisions Applicable Only to Business Accounts. A. If you are a corporation, partnership, limited liability company, association or some other form of business entity, that is accessing your business account through Retail Online Banking, you may have been issued one set of access codes (user ID, password, AAI, for your) company representative. It is your responsibility to ensure that access codes are provided only to persons you authorize. You represent to us that each company representative and anyone else using your access codes has general authority from your company to give us instructions to perform transactions using the Services. Each person using your access codes will have the ability to: • Transfer funds between your Accounts. • Make payments using the Bill Payment Services, regardless of the dollar amount of the transaction. • Make payments regardless of whether he/she is otherwise an authorized signer on any Accounts that are accessed. • Obtain information that we make available about qualifying Accounts. • Obtain other services or perform other transactions that we authorize or allow. • Allow anyone else to use those access codes to make payments or obtain information or other services.
B. Customer Liability for Unauthorized Transactions From Business Accounts You are liable for all transactions that you make or authorize, even if the person you authorize exceeds your authority. If you or a company representative has given someone your access codes and want to terminate that person’s authority, you must notify us that transactions by such a person are no longer authorized. We may have to change your access codes or take additional steps to prevent further access by such person. Our system supporting the Services is designed so that it may be operated only upon entry of valid access codes. Since we condition access upon entry of valid access codes, we will accept instructions for payments or other transactions from any person using valid access codes. This is so even if the person obtaining access: • Is not a company representative. • Exceeds your authority or that granted by any company representative. • Does not have your authority. • Has had his/her authority changed or revoked. • Is an imposter or thief. You agree to be bound by all transactions from any business Account for which valid login was given were used. You authorize us to treat any instructions we receive using valid access codes as if the instructions had been made in writing and signed by the appropriate company representat...
Additional Provisions Applicable Only to Business Accounts. A. THE RIGHTS AND THE LIABILITY LIMITATIONS UNDER SECTION II APPLY TO CONSUMERS MAKING ELECTRONIC FUNDS TRANSFERS, AND DO NOT APPLY TO BUSINESS ACCOUNTS. For Business Accounts, you assume the entire risk for fraudulent, unauthorized or otherwise improper use of the System, user names, passwords, or telephone code words to the fullest extent permitted by law.
Additional Provisions Applicable Only to Business Accounts. When you use the Services in connection with business accounts, the information in this Section IV applies.
Additional Provisions Applicable Only to Business Accounts. When you transfer funds using the Service in connection with business accounts, the information in this Section applies to you.
Additional Provisions Applicable Only to Business Accounts. (OTHER THAN SOLE PROPRIETOR ACCOUNTS)
1. You agree that we may send notices and other communications, including Password confirmations, to the current address shown on our records, whether or not that address includes a designation for delivery to the attention of any particular individual. You further agree that WPCU will not be responsible or liable to you in any way if information is intercepted by an unauthorized person, either in transit or at your place of business. You agree to (a) keep your Username or Password secure and strictly confidential, providing it only to authorized signers on your accounts; (b) instruct each person to whom you give your Username or Password that he or she is not to disclose it to any unauthorized person; and (c) immediately notify us and select a new Username or Password if you believe your Username or Password may have become known to an unauthorized person. Contacting us right away will help you reduce possible losses. Telephoning us is the best way to notify us. Call us or write to us at the telephone number or address set forth in Section V. 1. (above). YOU ARE FULLY RESPONSIBLE FOR ANY TRANSACTIONS MADE BY USE OF YOUR USERNAME OR PASSWORD TO ACCESS YOUR ACCOUNTS. YOU AGREE TO IMMEDIATELY REIMBURSE US FOR ANY LOSS, CLAIM, OR DAMAGE WHICH WE SUSTAIN AS A RESULT OF THE USE OF ANY USERNAME OR PASSWORD ISSUED AT YOUR REQUEST TO ACCESS YOUR ACCOUNTS. WE WILL HAVE NO LIABILITY TO YOU FOR ANY LOSS, CLAIM, OR DAMAGE WHICH YOU SUSTAIN AS A RESULT OF THE UNAUTHORIZED USE, PAYMENT, OR TRANSFER MADE USING YOUR USERNAME OR PASSWORD. EXCEPT AS OTHERWISE PROVIDED BY LAW, WE WILL HAVE NO LIABILITY TO YOU FOR ANY LOSS, CLAIM, OR DAMAGE EVEN IF YOUR USERNAME OR PASSWORD IS LOST, STOLEN OR OBTAINED OR RETAINED BY A PERSON NOT AUTHORIZED BY YOU TO INITIATE ELECTRONIC FUNDS TRANSFERS AND EVEN IF THE USE OCCURS AFTER YOU HAVE ASKED US TO DEACTIVATE THE USERNAME OR PASSWORD, WHETHER OR NOT WE HAVE ACTED ON THAT REQUEST. We may suspend or cancel your Username or Password even without receiving such notice from you, if we
2. By using MOBILE/ONLINE BANKING and BILL PAY SERVICES you acknowledge and agree that this Agreement sets forth security procedures for electronic banking transactions that are commercially reasonable. You agree to be bound by instructions, whether authorized or unauthorized, which we implement in compliance with these procedures.
Additional Provisions Applicable Only to Business Accounts. (other than Sole Proprietors)
a. Protecting Passcodes Crossroads Bank will have no liability to you for any unauthorized payment or transfer made using your passcode that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice. We may suspend or cancel your passcode even without receiving such a notice from you, if we suspect your passcode is being used in an unauthorized or fraudulent manner. For businesses who use the additional services described in Section D, this section applies to all Digital Banking passcodes, including those assigned to users or Administrators.
Additional Provisions Applicable Only to Business Accounts. (Other than Sole Proprietors)
A. Protecting Your Password
1. keep your password secure and strictly confidential, providing it only to authorized signers on your account(s);
2. instruct each person to whom you give your password that he or she is not to disclose it to any unauthorized person; and
3. immediately notify us and select a new password if you believe your password may have become known to an unauthorized person. The Bank will have no liability to you for an unauthorized payment or transfer made using your password that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice. We may suspend or cancel your password even without receiving such notice from you, if we suspect your password is being used in an unauthorized or fraudulent manner.