Electronic Statement Agreement

Accessing your E-Statements confirms your understanding to be bound by all disclosures and agreements. By accessing your on-line periodic statements you will be able to view your account and transaction activity for your deposit and loan accounts. In order to access your E-Statement online, you must have Online Banking. The website is generally available 24 hours a day, seven days a week; however, service may be unavailable from time to time for routine software and hardware maintenance or updates.

It is your sole responsibility to insure your personal computer and related equipment are compatible with and capable of operating in a manner that allows you to utilize the E-Statement service.

Once you enroll in this voluntary program, your paper statement will no longer be sent to you.

You agree that your use of a keypad, mouse or other device to select an item, button, icon or similar act/action or to otherwise provide Forbright Bank instructions while participating in our E-Statement program or in accessing or making any transaction regarding any agreement, acknowledgement, consent terms, disclosures or conditions, constitutes your signature, acceptance and agreement as if actually signed in writing. Further, you agree that no certification authority or other third party verification is necessary to validate your electronic signature; and that the lack of such certification or third party verification will not in any way affect the enforceability of your signature or any resulting contract between you and the credit union. You agree and acknowledge that you will keep your security codes and identification data confidential, and you will immediately notify Forbright Bank should you believe that your password has been lost, stolen, or that an unauthorized person has electronically accessed your accounts.

Your e-mail address is required to participate in our E-Statement delivery program. We will send you an e-mail notification at your last e-mail address of record when your online statement is available. You agree to accept responsibility for updating your email address if needed. Your E-Statements will remain accessible on our website for at least six (6) months. If we send your e-mail notification and it is returned to us as undeliverable, you will still be able to access your E-Statement from the internet site and should do so until we can resume sending you paper statements. However, your participation in the E-statement program will be terminated and subsequent statements will be distributed to you in paper form.

You have the right to withdraw your consent to receive your statements in electronic form at any time. If you elect to withdraw your consent there is currently no cost to you and your participation in the program will be terminated. To withdraw your consent you must send an email to the Customer Service Department at customerservice@forbrightbank.com. Contractual Agreements/Modification This electronic consent supplements and modifies other agreements that you may have with Forbright Bank to the extent that this consent and other agreements could contain conflicting provisions. This consent will govern the delivery of electronic statements, but all other contractual obligations of the parties remain subject to the terms of any other agreements. You will be required to review any account statements you receive and notify Forbright Bank within established time periods if there are any errors on your statement. Authorization Consent By agreeing to the terms and conditions of this consent, you represent that you are authorized to enter into this consent for all persons who own or are authorized to access any of your accounts and that such persons will be bound by the terms of this consent.

You acknowledge and agree that not all e-mail is secure. Therefore, you agree that we have no liability to you whatsoever for any loss, claim or damages arising from or to, any e-mail or other electronic communications that we have submitted to you or you to us. We also have no duty to investigate the validity or to verify any e-mail or other electronic communications sent or received by Forbright Bank. Although we have no obligation to do so, we reserve the right to require authentication of e-mails or electronic communications. The decision to require authentication is at the sole discretion of Forbright Bank. We will have no obligation, liability or responsibility to you or any other person or company if we do not act upon or follow any instruction to us if a communication cannot be authenticated to our satisfaction.

This agreement, including the validity of any signatures or consents, any claim, or disputes arising hereunder shall be construed in accordance with and governed by the laws of the State of Maryland.