Provisions Applicable Only to Business Accounts Clause Samples

This clause defines terms and conditions that are specifically relevant to business accounts, distinguishing them from those that apply to personal or consumer accounts. It typically outlines requirements such as authorized signatories, liability for transactions, and documentation needed for account management, which may differ from individual account rules. By clearly separating business-specific provisions, the clause ensures that the unique needs and risks associated with business banking are addressed, reducing confusion and helping both parties understand their respective obligations.
Provisions Applicable Only to Business Accounts. A. Protecting Your Account(s)
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Provisions Applicable Only to Business Accounts. A. Protecting Your Account(s) The Service will allow Business Customers to establish individual Access IDs, Passcodes and privileges for each Authorized User. Transaction history is maintained for each Access ID. Additional fees may be assessed for each Access ID or Sub-User that is established. Business Customer(s) will be solely responsible for designating Authorized Users and assigning privileges within the service. As a security measure, Business Customers should evaluate and implement the dual control features within the Service for ACH Origination and wire transfers. B. Sub-User Administration Sub-User Administration is an optional service for Business Customers that may be activated at any time after your initial enrollment. The Business Customer shall be solely responsible for designating both the Focus Customer and Sub-User Administrator. A Sub-User Administrator may further authorize other individual Sub-Users who may be granted full or limited online access to the Eligible Accounts, and may also be granted full or limited access to originate ACH transactions and/or wire transfers. Dual control should be established to help regulate the actions of multiple Sub-Users. For security and auditing purposes, each Sub-User should be assigned separate Access IDs and Passcodes. All cash management activity is tracked at the Focus Customer level and is viewable by both the Sub-User originator and Focus Customer in the online history. Internal transfers are tracked for each Access ID. A Sub-User Administrator inherits the privileges assigned to the Focus Customer. Notwithstanding the foregoing, please note that a Sub-User Administrator has the ability to remove, change or otherwise alter the restrictions or limits placed upon their rights by the Focus Customer. The Focus Customer or Sub-User Administrator will need to provide the Access ID and temporary Passcode to each new Sub-User. The temporary Passcode will be used to gain access to the Internet Banking Service initially. After the Sub-User’s initial log on, they will be prompted to set up their own unique Passcode, known only to them, for future use of the Internet Banking Service. Business Customer understands that there may be a charge for multiple Sub-Users. You agree to pay all such charges and authorize us to deduct such charges from your business account and any additional charges that may be incurred by you. Any fees associated with your standard business deposit account(s), as described in our ...
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Provisions Applicable Only to Business Accounts. (A) Protecting Your Account(s). The Service will allow Business Customers to establish individual Usernames, Passwords, and privileges for each Authorized User. Transaction history is maintained for each Username. Additional fees may be assessed for each Username that is established, or for their use of Service features.
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Provisions Applicable Only to Business Accounts. This section contains additional terms, agreements and disclosures relative to Bank’s Online Banking Services. This service offers our business customers the same features as our Online Banking Services; plus, the opportunity to transmit wire transfers online. In addition, you may grant various levels of banking authority to one or more authorized user(s) permitted to gain access and execute financial transactions on behalf of your account(s.) Please read this section of the agreement and the Business Online Banking Application and/or the Business Online Banking Domestic Wire Transfer Agreement and/or the ACH Origination Agreement form carefully. You agree to the terms and conditions of this section of the Online Banking Services Agreement and by using the electronic banking system, either by yourself or through the access granted to one or more of your authorized user(s), you confirm your agreement and understanding of the terms disclosed under this section of the Online Banking Services Agreement.
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Related to Provisions Applicable Only to Business Accounts

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