Common use of Inactivity Clause in Contracts

Inactivity. If you do not use Online and Mobile Services (either account access or bill paying) for an extended period, defined as a period of at least six (6) months, we reserve the right to terminate your access to Online and Mobile Services and request that you re-register online to reactivate this service. Internet email communication is not considered to be a secure form of communication. For bank account inquiries you agree to contact us electronically using only the secure messaging feature within Online or Mobile Banking. You also agree that any communication from us to you regarding your online banking accounts including any disclosures or other information required to be delivered in writing under applicable law may be delivered to you in electronic form and that such electronic communication shall be in lieu of written communication. This includes electronic delivery of changes in terms notices affecting your use of online banking. You may print a copy of such communications using the "print" function of your web browser software. You may also request a paper copy at any time by contacting the Bank directly. The Online and Mobile Services system employs encryption to ensure the secure transmission of data. The system also utilizes risk-based monitoring tools and reverse authentication to protect against phishing attempts. These methods include Bank generated texts or calls, out of wallet challenge-based questions and out of band confirmation codes. By using Online, you agree that the online banking security procedures are reasonable and sufficient to ensure that all transaction requests such as bill payment and transfer instructions or other communication we receive from you have in fact, been made by you. You must consider the size, type and frequency of transactions or other communications that you anticipate making when determining whether you consider the Bank’s online banking procedures to be sufficient. In short, by using Online and Mobile Services, you have determined that the Online and Mobile Service is secure for your purposes. The Bank will require users to answer security questions or to provide a confirmation code to process certain transactions and changes to the Online and Mobile Service. This helps ensure information is secure and protects you from fraud and identity theft. If the size, type and frequency of your transactions change, and you determine that the online and mobile banking security procedures cease to be reasonable and sufficient, you must inform the Bank of this immediately. Such a determination means you will no longer use Online and Mobile Services for any purposes. The Bank offers a Digital Profile Deletion form in the Online and Mobile Services. If you wish to learn more about online and mobile banking security, please ask us. Notwithstanding any security procedure which may from time to time be in effect for detecting errors in transactions covered by this agreement, we have no duty to discover or report to you any such errors. Neither shall we be liable to you for the failure of such security procedure to detect such errors, regardless of the manner in which we apply such security procedures.

Inactivity. If you do not use Online and Mobile Services SPXFCU iBanking (either account access or bill paying) for an extended period, defined as a period of at least six (6) months, we reserve the right to terminate your access to Online and Mobile Services SPXFCU iBanking and request that you re-register online to reactivate this service. Internet email communication is not considered to be a secure form of communication. For bank Credit Union account inquiries you agree to contact us SPXFCU electronically using only the secure messaging feature within Online or Mobile BankingSPXFCU iBanking. You also agree that any communication from us to you regarding your online banking accounts including any disclosures or other information required to be delivered in writing under applicable law may be delivered to you in electronic form and that such electronic communication shall be in lieu of written communication. This includes electronic delivery of changes in terms notices affecting your use of online banking. You may print a copy of such communications using the "print" function of your web browser software. All SPXFCU iBanking disclosures can also be found under the Service Center tab. You may also request a paper copy at any time by contacting the Bank Credit Union directly. The Online and Mobile Services SPXFCU iBanking system employs encryption to ensure the secure transmission of data. The system also utilizes risk-risk based monitoring tools and reverse authentication to protect against phishing attempts. These methods include Bank generated texts or callsa user selected image to identify the Credit Union’s online banking site, user selected challenge questions, out of wallet challenge-challenge based questions and out of band confirmation codes. By using OnlineSPXFCU iBanking, you agree that the online banking security procedures are reasonable and sufficient to ensure that all transaction requests such as bill payment and transfer instructions or other communication we receive from you have in fact, been made by you. You must consider the size, type and frequency of transactions or other communications that you anticipate making when determining whether you consider the BankCredit Union’s online banking procedures to be sufficient. In short, by using Online and Mobile ServicesSPXFCU iBanking, you have determined that the Online and Mobile Service SPXFCU iBanking is secure for your purposes. The Bank Credit Union will require users to answer security questions or to provide a confirmation code to process certain transactions and changes to the Online and Mobile ServiceSPXFCU iBanking. This helps ensure information is secure and protects you from fraud and identity theft. If the size, type and frequency of your transactions change, and you determine that the online and mobile banking security procedures cease to be reasonable and sufficient, you must inform the Bank Credit Union of this immediately. Such a determination means you will no longer use Online and Mobile Services SPXFCU iBanking for any purposes. The Bank offers a Digital Profile Deletion form in the Online and Mobile Services. If you wish to learn more about online and mobile banking security, please ask us. Notwithstanding any security procedure which may from time to time be in effect for detecting errors in transactions covered by this agreement, we have no duty to discover or report to you any such errors. Neither shall we be liable to you for the failure of such security procedure to detect such errors, regardless of the manner in which we apply such security procedures.