OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION Clause Samples

This clause defines the extent to which the responsible party is liable if a transaction is not completed as expected. It typically outlines the circumstances under which liability is limited or excluded, such as technical errors, system outages, or factors beyond the party's control. By clarifying these boundaries, the clause helps manage expectations and allocates risk, ensuring that users understand when compensation or remedies may not be available for failed transactions.
OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. We and Our third-party service providers, as applicable, are responsible for completing funds transfers from Your eligible account(s) according to Your properly entered and transmitted instructions. We and Our third-party service providers, however, are not responsible for confirming or monitoring such instructions or refusing to process duplicate payment instructions. Furthermore, without limiting the foregoing, there may be times or situations when We or Our third-party service providers do not or are unable to complete a transfer per Your Instruction, and You agree We and Our third-party service providers will not be responsible for any losses or damages You incur, including in any of the following circumstances: • You do not obtain a Confirmation Number at the time You initiate a payment and/or transfer. • The designated account does not contain sufficient funds to complete the payment and/or transfer. • The designated account is closed, frozen or otherwise inactive. • We have identified You as a credit risk and have chosen to (i) make all payments and/or transfers initiated by You via the Services utilizing a paper, as opposed to electronic, method, or (ii) to terminate Your subscription to the Services. • The Services, or any communications link, is not working properly and You know or have been advised by Us about the malfunction before You execute the transaction. • You have not provided Us with the correct instructions. • A payee mishandles or delays handling payments sent by Us. • Circumstances beyond Our control prevent or delay the proper execution of the transaction. Such circumstances include, but are not limited to: telecommunication outages, power outages, equipment failures, postal strikes, delays caused by other financial institutions, fires and floods. • The transfer would result in Us exceeding any limitation of Our intraday net funds position established pursuant to present or future Federal Reserve guidelines. • A court order, such as a garnishment or other legal process, prevents Us from making a transfer. • Any third party through whom any payment or transfer is to be made fails to properly transmit the payment or transfer. • You or anyone You allow to use the Services commits fraud or violates any law or regulation. • You do not use the Services properly. • We have a reasonable basis for believing that unauthorized use of Your username, password, security code, or deposit account(s) has occurred or may be occurring. • You default u...
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OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. If we do not complete a transfer to or from your account on time or in the correct amount according to this Agreement, we will be liable for your losses or damages. There are some exceptions, however. We will not be liable, for instance, if:
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OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. If we do not complete a Transaction or Load on your CITI PREPAID SERVICES Card on time or in the correct amount, according to this Agreement with you, we will be liable for your losses or damages, to the extent required by law. There are some circumstances where we will not be liable. We will not be liable, for instance:
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OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION. If we do not complete a transfer to or from your account on time or in the correct amount according to this Agreement, we will be liable for your losses or damages. There are some exceptions, however. We will not be liable, for instance, if: YOUR LIABILITY FOR UNAUTHORIZED ELECTRONIC FUNDS TRANSFERS. Tell us AT ONCE if you believe your Password or other means to access your account has been lost, stolen, or otherwise compromised, or someone has transferred or may transfer money from your account without your permission. Telephoning is the best way of limiting your possible losses. You could lose all the money in your accounts. You agree to review promptly all statements, customer notices, and transaction information made available to you, and to report all unauthorized transactions and errors to us immediately. You agree that we may process payment and transfer instructions that are submitted with correct online log in information, and agree that such instructions will be deemed effective as if you, even if they are not transmitted or authorized by you. Personal Accounts Only: Tell us AT ONCE if you believe your password or other means to access your account has been lost or stolen. Telephoning is the best way of limiting your possible losses. You could lose all the money in your account. If you tell us within two (2) Business Days after you discover your password or other means to access your account has been lost or stolen, your liability is no more than $50.00 should someone access your account without your permission. If you do not tell us within two (2) Business Days after you learn of such loss or theft, and we can prove that we could have prevented the unauthorized use of your password or other means to access your account if you had told us, you could be liable for as much as $500.00. If your monthly Bank statement contains transfers that you did not authorize, you must tell us at once. If you do not tell us within sixty (60) days after the statement was sent to you, you may lose any amount transferred without your authorization after the sixty (60) days if we can prove that we could have stopped someone from taking the money had you told us in time. If a good reason (such as a long trip or a hospital stay) prevented you from telling us, we may extend the period. Business Accounts Only: The limitations on customer liability set forth in the preceding paragraph do not apply to accounts held by businesses. Business customers agree to review promptly ...
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Related to OUR LIABILITY FOR FAILURE TO COMPLETE A TRANSACTION

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not

  • OUR LIABILITY FOR FAILURE TO STOP PAYMENT If You order Us to place a stop payment on one of Your pre-authorized payments 3 business days or more before the transfer is scheduled, and We do not do so, We will be liable for losses or damages, to the extent provided by law. TRANSACTION SLIPS. Except for mail-in transactions and certain small-value transactions, You can get a receipt at the time You make any transaction to or from Your Account through the use of Your Card. When an electronic fund transfer has been made during any given month, You will receive a monthly statement to reflect all electronic fund transfers to or from Your Account during that statement period. In any case, You will receive a statement at least quarterly. FEES. We may assess reasonable charges against Your Account for transactions performed at electronic terminals. If so, We will specify any charges for these or other types of electronic transactions, including automatic transfers, on an accompanying pricing document. We will explain the charges to You when You open Your Account. You will be provided with a fee schedule, and other specified information after Your Account is established. Additional fee schedules are available at any of Our office locations. When You use an ATM not owned by Us, You may be charged a fee by the ATM operator, or any network used, and You may be charged a fee for a balance inquiry even if You do not complete a fund transfer.

  • Our Liability for Failure to Make Transfers If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • CREDIT UNION LIABILITY FOR FAILURE TO MAKE TRANSFERS If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we may be liable for your losses or damages. However, we will not be liable for direct or consequential damages in the following events: