Common use of Debit Cards Clause in Contracts

Debit Cards. Company allows customers to fund their Investing Account using their personal debit card, pursuant to the instructions provided in Appendix II, subject to restrictions. I understand that the use of My debit card to fund My Investing Account is subject to the limits set by Company, which are subject to change at Company's discretion without notice to Me. I understand that I will be approved to link My debit card to My Investing Account solely at Company's discretion, that the requirements for linking a debit card to My Investing Account can be changed at any time by Company, and that Company is not required to provide an explanation if I am unable to link My debit card to My Investing Account. I further understand that if Company believes I am engaging in fraudulent behavior with respect to any debit card transactions or otherwise, Company may restrict My Investing Account and any future Investing Accounts opened by Me. I further understand that if funds transferred via debit card are subsequently reversed, that may result in Company treating that as a failure to provide sufficient funds and act in accordance with the terms herein. I further understand that if funds transferred via debit card are subsequently withdrawn to a bank account, Company may require proof of ownership of the bank account to process the withdrawal. I further understand and agree that any payment using a debit card will be processed by a third-party processor and/or bank, and that if any transfer of funds to or from my debit card account is incorrectly or improperly processed, Company is in no way responsible for those funds, and I can only look to the third party or parties for any resulting remedy.

Appears in 2 contracts

Sources: Brokerage Agreement, Brokerage Agreement

Debit Cards. Company allows customers to fund their Investing Account using their personal debit card, pursuant to the instructions provided in Appendix II, subject to restrictions. I understand that the use of My debit card to fund My Investing Account is subject to the limits set by Company, which are subject to change at Company's discretion without notice to Me. I understand that I will be approved to link My debit card to My Investing Account solely at Company's discretion, that the requirements for linking a debit card to My Investing Account can be changed at any time by Company, and that Company is not required to provide an explanation if I am unable to link My debit card to My Investing Account. I further understand that if Company believes I am engaging in fraudulent behavior with respect to any debit card transactions or otherwisetransactions, Company may restrict can lock My Investing Account and or any future Investing Accounts opened by Me. I further understand that if funds transferred deposited via debit card are subsequently reversed, that may result in Company the company treating that as a failure to provide sufficient funds and act in accordance with the terms hereinfunds. I further understand that if funds transferred deposited via debit card are subsequently withdrawn to a bank account, Company may require proof of ownership of the bank account to process the withdrawal. I further understand and agree that any payment using a debit card will be processed by a third-third party processor and/or bank, and that if any transfer of funds to or from my debit card account is incorrectly or improperly processed, Company is in no way responsible for those funds, and I can only look to the third party or parties for any resulting remedy.

Appears in 1 contract

Sources: Brokerage Agreement