CHECKING ACCOUNT AGREEMENT Sample Clauses

CHECKING ACCOUNT AGREEMENT. The Checking Account (also sometimes referred to as a share draft account) Agreement describes specific rules which apply to checking accounts. Checking accounts held with the credit union are subject to the requirements, terms, and conditions as contained in this agreement and established by the credit union. DIVIDENDS: The credit union retains the right to change and/or eliminate dividends on checking accounts at any time. Current rates are published in the Truth in Savings and Fee Schedule. FEES: Any and all fees that may be assessed to your accounts are explained and disclosed in the Truth in Savings and Fee Schedule. You will be provided with a copy of this disclosure upon account opening or at your request. PAID OR CANCELLED CHECKS: Paid and/or cancelled checks processed by the credit union are destroyed; however, an image of the check maybe available online via Online Banking. You can also request a copy of your check by contacting the credit union, however a fee may apply.
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CHECKING ACCOUNT AGREEMENT. The Checking Account Agreement describes specific rules which apply to checking accounts. Checking accounts held with the credit union are subject to the requirements, terms, and conditions as contained in this agreement and established by the credit union. DIVIDENDS: The credit union retains the right to change and/or eliminate dividends on checking accounts at any time. Current rates are published in the Rate & Fee Schedule. FEES: Any and all fees that may be assessed to your accounts are explained and disclosed in the Rate & Fee Schedule. You will be provided with a copy of this disclosure upon account opening or at your request. PAID OR CANCELLED CHECKS: Paid and/or cancelled checks processed by the credit union are destroyed; however, an image of the check maybe available online via Online Banking for up to 90 days. After 90 days, you will have to request a copy of your check by contacting the credit union.
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CHECKING ACCOUNT AGREEMENT. The Fiduciary may establish a checking account if we offer such accounts for the type of fiduciary relationship. We are authorized to pay checks signed by the Fiduciary and to charge any payment against the Checking Account. The front side of all checks shall at a minimum contain the name of the Protected Person, the Fiduciary, and the type of fiduciary relationship. Any electronic debit initiated by a third party against this account is deemed authorized by the Fiduciary if the Fiduciary voluntarily gives the third party information about the account and our routing number.
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CHECKING ACCOUNT AGREEMENT. I/we hereby authorize Central Credit Union Of Illinois (the Credit Union) to establish this Checking Account for me/us. The Credit Union is authorized to pay checks signed by me (or us) and to charge all such payments against the shares in this Account. It is further agreed that:
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Related to CHECKING ACCOUNT AGREEMENT

  • Account Agreement Lender shall have received the original of the Account Agreement executed by each of Cash Management Bank and Borrower.

  • Checking Accounts The Credit Union may refuse any check or other item drawn against your account or used to withdraw funds from your account if it is not on a form approved by us. We also reserve the right to refuse any check or other item drawn against your account or used to withdraw funds from your account if made in a manner not specifically authorized for your account, if made more frequently or in a greater number than specifically permitted for your account, or if made in an amount less than the minimum withdrawal or transfer specifically permitted for your account. If we accept a check or other item not on a form approved by us, you will be responsible for any loss by us in handling the item. We may pay checks or other items drawn upon your account in any order determined by us, even if paying a particular check or item results in an insufficient balance in your account to pay one or more other items that otherwise could have been paid out of your account. Because of the nature of the Credit Union check program, neither the Credit Union nor any other processing entities shall be responsible for the authenticity of the checks with regard to the signature or alterations; and checks, when presented, shall be paid without verification. We may disregard all information on or any writing or memorandum attached to any check or item except for your signature, the amount and the information that is magnetically encoded. You agree that we do not fail to use ordinary care because our procedures do not provide for sight examination. You will notify us immediately if you learn or have reason to know that any of your checks have been lost or stolen. If you are negligent in safeguarding your checks or if there is a processing problem due to your use of a check printer we do not approve, we will not have any liability or responsibility for any losses you incur as a result if we act in good faith pursuant to standard commercial practices.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Special Account Instructions You may request that we facilitate certain trust, will, or court-ordered account arrangements. However, because we do not give legal advice, we cannot counsel you as to which account arrangement most appropriately meets the specific requirements of your trust, will, or court order. If you ask us to follow any instructions that we believe might expose us to claims, lawsuits, expenses, liabilities, or damages, whether directly or indirectly, we may refuse to follow your instructions or may require you to indemnify us or post a bond or provide us with other protection. We may require that account changes requested by you, or any account owner, such as adding or closing an account or service, be evidenced by a signed Account Change Card or other document which evidences a change to an account and accepted by us.

  • Deposit Account (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and the Certificateholders, the Deposit Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Special Accounts 1. For the purposes of this Schedule:

  • Client Account 4.1 In order to facilitate trading in CFDs, the Company will open a Client Account for the Client, which will be activated upon the Client depositing the minimum initial deposit as determined by the Company in its discretion from time to time. The minimum initial deposit may vary according to the account type of the Client Account. This information is made available on our Website.

  • PJM E-Accounts Buyer and Seller shall work with PJM to establish any PJM E-Accounts necessary for Seller to provide Full Requirements Service. In a timely manner, Xxxxx shall establish PJM E-Account contract(s) for the entire duration of the Transaction(s) and Seller shall confirm the PJM E-Account contract(s) for the entire duration of the Transaction(s).

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