Common use of Liability for Failure to Stop Payment of Preauthorized Transfer Clause in Contracts

Liability for Failure to Stop Payment of Preauthorized Transfer. If you order us to stop one of these payments in accordance with the terms and conditions of your Account, and we do not do so, we will be liable for your losses or damages.

Appears in 15 contracts

Sources: Electronic Fund Transfers Agreement, Membership Agreement, Membership Agreement

Liability for Failure to Stop Payment of Preauthorized Transfer. If you order us to request that we stop one of these payments before the transfer is scheduled using the procedure described in accordance with the terms and conditions of your Account, section titled “Stop Payment Procedures for Preauthorized Payments” and we do not do so, we will may be liable for your losses or damages.

Appears in 2 contracts

Sources: Online and Mobile Banking User Agreement, Online and Mobile Banking User Agreement