Common use of UNAUTHORIZED TRANSFERS Clause in Contracts

UNAUTHORIZED TRANSFERS. This section applies only to electronic fund transfers that debit or credit a consumer’s checking or savings accounts and are subject to the Federal Reserve Board’s Regulation E and Regulation D, as amended. Tell us AT ONCE if you believe your card and/or code has been lost or stolen or if you believe that an electronic funds transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within two (2) business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within two (2) business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make including those made by card, code, or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, at our discretion, we may extend the time periods.

UNAUTHORIZED TRANSFERS. This section applies only to electronic fund transfers that debit or credit a consumer’s checking or savings accounts and are subject to the Federal Reserve Board’s Regulation E and Regulation D, as amendedConsumer Liability. Tell us AT ONCE at once if you believe your card and/or code Personal Identification Number (PIN) has been lost or stolen stolen, or if you believe that an electronic funds fund transfer has been made without your permission using information from your checkpermission. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within two (2) 2 business days after you learn of the loss or theft of your card and/or codePIN, you can lose no more than $50 if someone used your card and/or code PIN without your permission. If Also, if you do NOT tell us within two (2) 2 business days after you learn of the loss or theft of your card and/or codePIN, and we can prove we could have stopped someone from using your card and/or code PIN without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make make, including those made by card, code, PIN or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, at our discretion, we may will extend the time periodsperiod.