Common use of Requirements and Restrictions Clause in Contracts

Requirements and Restrictions. Requirements for dual signatures on checks do not apply to the Bill Payment Service. To subscribe to the Bill Payment Service, you must have at least one checking Account with us, and this Account must be in good standing with us in accordance with our criteria. We will not permit you to use a money market or savings Account as your designated Bill Payment Service Account because federal regulations require us to limit the number and types of transfers from those types of Accounts. You are solely responsible for controlling the safekeeping of and access to our Bill Payment Service information. You are liable for all transactions you make, or that you allow another person to make (whether or not authorized by you), even if that person exceeds his or her authority.