Common use of Account Agreement Clause in Contracts

Account Agreement. The provisions of this paragraph govern share accounts with TCU where the Trustee (Settlor) for a Revocable Trust or the Trustee or Beneficiary for an Irrevocable Trust as a Primary Member/Owner signs a Membership Application form requesting a Savings Account to accept deposits held in trust according to an established trust drafted by an attorney.TCU is authorized to recognize the signature of the Trustee (as indicated in the trust document) as the “Depositor” in the payment of funds or the transaction for any business for the account.The Depositor assents to and agrees to all provisions of TCU’s Articles, Bylaws, and Regulations, as now in effect and hereafter amended, including provisions for service charges and other rules in connection with Savings Accounts. Depositor agrees with TCU that the account and all credits and deposits thereto and dividends thereon shall be owned by the designated beneficiary as named in the trust document.The Depositor authorizes and directs TCU to act pursuant to his or her signature in any matter in connection with the account including, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositor at any time all or any part of the balance of the account.TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositor.Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged back to the account.Whether or not specifically pledged, all balances in the account shall be subject to setoff by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. All funds on deposit are subject to garnishment and bankruptcy orders.The account may be closed by TCU at any time by the mailing of a check payable as titled in the trust agreement and notice of closing in an envelope addressed to the last address of which Depositor has notified TCU in writing as shown by TCU’s records.The Savings Account and this Depositor agreement shall be governed by the laws of Ohio.

Account Agreement. The provisions of this paragraph govern share accounts with TCU where the Trustee (Settlor) for a Revocable Trust or the Trustee or Beneficiary for an Irrevocable Trust as a Primary Member/Owner signs a Membership Application form requesting a Savings Account to accept deposits held in trust according to an established trust drafted by an attorney.. TCU is authorized to recognize the signature of the Trustee (as indicated in the trust document) as the “Depositor” in the payment of funds or the transaction for any business for the account.. The Depositor assents to and agrees to all provisions of TCU’s Articles, Bylaws, and Regulations, as now in effect and hereafter amended, including provisions for service charges and other rules in connection with Savings Accounts. Depositor agrees with TCU that the account and all credits and deposits thereto and theretoand dividends thereon shall be owned by the designated beneficiary as named in the trust document.. The Depositor authorizes and directs TCU to act pursuant to his or her signature in any matter in connection with the account including, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositor at any time all or any part of the balance of the account.. TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositor.. Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged becharged back to the account.. Whether or not specifically pledged, all balances in the account shall be subject to setoff set off by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. .All funds on deposit are subject to garnishment and bankruptcy orders.. The account may be closed by TCU at any time by the mailing of a check payable as titled in the trust agreement and notice of closing in an envelope addressed to the last address of which Depositor has notified TCU in writing as shown by TCU’s records.. The Savings Account and this Depositor agreement shall be governed by the laws of Ohio.

Account Agreement. The provisions of this paragraph govern share accounts with TCU where the Trustee (Settlor) for a Revocable Trust or the Trustee or Beneficiary for an Irrevocable Trust as a Primary Member/Owner signs a Membership Application form requesting a Savings Account to accept deposits held in trust according to an established trust drafted by an attorney.. TCU is authorized to recognize the signature of the Trustee (as indicated in the trust document) as the “Depositor” in the payment of funds or the transaction for any business for the account.. The Depositor assents to and agrees to all provisions of TCU’s Articles, Bylaws, and Regulations, as now in effect and hereafter amended, including provisions for service charges and other rules in connection with Savings Accounts. Depositor agrees with TCU that the account and all credits and deposits thereto and theretoand dividends thereon shall be owned by the designated beneficiary as named in the trust document.. The Depositor authorizes and directs TCU to act pursuant to his or her signature in any matter in connection with the account including, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositor at any time all or any part of the balance of the account.. TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositor.. Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged becharged back to the account.. Whether or not specifically pledged, all balances in the account shall be subject to setoff set off by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. .All funds on deposit are subject to garnishment and bankruptcy orders.. The account may be closed by TCU at any time by the mailing of a check payable as titled in the trust agreement and notice of closing in an envelope addressed to the last address of which Depositor Xxxxxxxxx has notified TCU in writing as shown by TCU’s records.. The Savings Account and this Depositor agreement shall be governed by the laws of Ohio.

Account Agreement. The provisions of this paragraph govern share accounts with TCU where the Trustee (Settlor) for a Revocable Trust or the Trustee or Beneficiary for an Irrevocable Trust as a Primary Member/Owner signs a Membership Application form requesting a Savings Account to accept deposits held in trust according to an established trust drafted by an attorney.TCU is authorized to recognize the signature of the Trustee (as indicated in the trust document) as the “Depositor” in the payment of funds or the transaction for any business for the account.The Depositor assents to and agrees to all provisions of TCU’s ArticlesYOU FURTHER AGREE AND ACKNOWLEDGE THAT THE TITLING AND ACCOUNT OWNERSHIP OF A CREDIT UNION ACCOUNT SHALL BE DETERMINED BY THE MEMBERSHIP APPLICATION, BylawsAND ANY SUPPORTING INFORMATION ON FILE WITH THE CREDIT UNION, and Regulations, as now in effect and hereafter amended, including provisions for service charges and other rules in connection with Savings REGARDLESS OF THAT WHICH MAY APPEAR ON ANY CREDIT UNION ISSUED STATEMENT. ACCOUNT TITLING AND ACCOUNT OWNERSHIP IS ALWAYS SUBJECT TO VERIFICATION BY THE CREDIT UNION. Joint Accounts. Depositor agrees with TCU that the account and all credits and deposits thereto and dividends thereon shall be If Your Account is owned by the designated beneficiary as named in the trust document.The Depositor authorizes and directs TCU to act pursuant to his or her signature in any matter in connection with the account includingmore than one Account Owner, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositor at any time then all or any part of the balance of the account.TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositor.Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged back to the account.Whether or not specifically pledged, all balances in the account shall be subject to setoff by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. All funds on deposit are subject owned by any and all of the joint Owners as joint tenants with right of survivorship, and not as tenants in common. If the Account Owners are married, then the funds shall be held as tenants by the entireties. We can release or pay any amount on deposit in Your Account to garnishment any Owner. We can honor Checks, withdrawals, orders or requests from any Owner. All Owners are liable to Us for any overdrafts that may occur on Your Account, regardless of whether or not a benefit occurred. Any Owner may provide Us written notice to freeze funds on deposit and bankruptcy orders.The account We may, at Our option, honor such written request. If We do, then the Account will remain frozen until We receive subsequent written notice signed by all Owners of the Account as to a disposition of funds on deposit. Any funds on deposit may be closed by TCU at utilized to satisfy any time by debt or garnishment of any Owner of the mailing Account. If Your Account is a joint Account with Right of a check payable as titled Survivorship, and, We become aware of the death of any Owner, all sums then on deposit in the trust agreement Account vest and notice of closing in an envelope addressed belong to the last address surviving Owner(s). It is the responsibility of which Depositor has notified TCU in writing as shown by TCU’s recordsjoint account Owners to determine any legal effects of opening and maintaining a joint account.The Savings Account and this Depositor agreement shall be governed by the laws of Ohio.