Establishing and Funding a Checking Account Clause Samples

Establishing and Funding a Checking Account. In order to participate in the Program, a Customer will open an individual or (when available) joint non-interest-bearing demand deposit account at UMB (the “Checking Account”). The Checking Account is a demand deposit account that is capable of conducting various transactions. A Customer can make deposits to the Checking Account by: (1) using UNIFIMONEY’s iOS mobile application available at the Apple® App Store (the “UNIFIMONEY Dashboard”) to direct UMB to transfer funds from one or more verified accounts that the Customer maintains at another financial institution (each, a “Linked External Account”); (2) arranging for preauthorized credits (such as direct deposits) to the Checking Account through an employer or other third party; or (3) using another service that UMB makes available. A Linked External Account must be an account held in your name and must be held in U.S. dollars at a U.S.-based financial institution. You must maintain at least one valid Linked External Account at all times to participate in the Program.