SUMMARY OF OUR LIABILITY FOR FAILURE TO MAKE TRANSFERS Clause Samples

The 'Summary of Our Liability for Failure to Make Transfers' clause defines the extent to which a financial institution is responsible if it fails to complete a funds transfer as requested by a customer. Typically, this clause outlines the circumstances under which the institution may or may not be held liable, such as system outages, insufficient funds, or incorrect account information provided by the customer. Its core function is to clarify the institution's obligations and limit its liability, thereby managing customer expectations and reducing potential disputes over failed transactions.
SUMMARY OF 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 as provided by federal law. However, there are some exceptions. We will not be liable, for instance:
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SUMMARY OF OUR LIABILITY FOR FAILURE TO MAKE TRANSFERS. If we do not complete a transfer to or from your Account on time or in correct amount according to our agreement with you, we will be liable for your losses for damages as required by Federal law. However, there are some exceptions. We will not be liable for, for instance: • If through no fault of ours, you do not have enough money in your Account to make the transfer; • If the transfer would go over the credit limit on a loan; • If your computer system was not working properly, and you knew about the breakdown when you started the transfer; • If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken; • If the funds in your Account are subject to a court order or other restriction preventing the transfer; and • There may be other exceptions stated in our agreement with you. Disclosure to 3rd Parties: We will disclose information to third parties about your Account or transfers you made: • When it is necessary to complete the transfers; • In order to verify the existence and conditions of your Account for a third party such as a credit bureau or merchant; • In order to comply with a government agency or court orders; or • If you give us written permission. Summary of Error Resolution: In case of errors and questions about your electronic transfers or payments, as soon as you can, you should:
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SUMMARY OF 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 contract with you, we will be liable for your losses or damages, with the following exceptions: a. If, through no fault of ours, you do not have enough money in your account to make the transfer. b. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. c. If the ATM where you are making a cash withdrawal does not have enough cash. d. If the ATM or ▇▇▇▇▇ MAX Telephone Teller System was not working properly and you knew about the malfunction when you started the transfer. e. If the funds in your account or accounts are subject to Court Order or other restriction preventing the transfer. f. If you have applied for and have been approved to access your Line of Credit loan through your MAX CheckCard or MAX ATM CARD or the ▇▇▇▇▇ MAX Telephone Teller System if the transfer would go over the credit limit approved for your Line of Credit. g. There may be other exceptions stated in our contract(s) with you.
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SUMMARY OF OUR LIABILITY FOR FAILURE TO MAKE TRANSFERS. If the Credit Union fails to complete a QT transaction to or from your account on time or in the correct amount according to our agreement with you, we will be liable for losses or damages. However, there are some exceptions. We will NOT be liable: a. If through no fault of ours, you do not have enough money in your account to complete the request. b. If the transfer would go over your credit limit on your overdraft or other line of credit. c. QT was not working properly when you initiated the transfer. d. Circumstances beyond our control (and/or external forces such as flood or fire) prevented the trans- action, despite reasonable precautions that we had taken. e. If the funds are subject to legal process or other encumbrance restricting such transfer. f. There may be other exceptions stated in our Agreement with you.
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SUMMARY OF OUR LIABILITY FOR FAILURE TO MAKE TRANSFERS. If we do
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Related to SUMMARY OF OUR LIABILITY FOR FAILURE TO MAKE TRANSFERS

  • 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:

  • 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:

  • 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 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: