Common use of Ineligible Transaction Account Types Clause in Contracts

Ineligible Transaction Account Types. ▪ East West Bank accounts that do not meet eligibility requirements as defined by this Agreement or otherwise by the Bank ▪ Individual Retirement Accounts (IRAs) ▪ 401 K Accounts ▪ Accounts that are not held, in an individual, joint, or certain sole proprietorship, trust or fiduciary ownership capacity (without restrictions); or that are not otherwise allowed for under a Bank approved exception or as part of an enhanced service offering. ▪ Certain business accounts ▪ Certificate of Deposit (CD) accounts or other time-based accounts ▪ Credit Card accounts ▪ Loan accounts (excluding HELOC) Regardless, if we make an account available for service selection, you agree that you are solely responsible for ensuring you have all necessary legal rights, power and authority to initiate the requested transaction on the Eligible account(s), and agree to be liable for any and all third party actions, claims, liability, loss and damages (including, but not limited to, reasonable attorneys’ fees), caused by or arising from your actions. You may have other accounts that are not eligible for this Internal Transfer Service due to Bank policies, procedures and/or restrictions specific to your East West Bank account. Eligibility is determined solely by the records of the Bank, and may change from time-to-time. We are under no obligation to honor an Internal Transfer request, even if we have honored the same request in the past. If in doubt, you should contact us to verify if your account(s) is eligible for the Internal Transfer Service.

Ineligible Transaction Account Types. ▪ East West Bank accounts that do not meet eligibility requirements as defined by this Agreement or otherwise by the Bank ▪ Individual Retirement Accounts (IRAs) ▪ 401 K Accounts Bank. ▪ Accounts that are not held, in an individual, joint, or certain sole proprietorship, trust or fiduciary ownership capacity (without restrictions); or that are not otherwise allowed for under a Bank approved exception or as part of an enhanced service offering. ▪ Certain business accounts and ownership types, at the Bank’s discretion ▪ Individual Retirement Accounts (IRAs) ▪ 401 K Accounts ▪ Certain custodial and/or Trust Accounts ▪ Certificate of Deposit (CD) accounts or other time-based accounts ▪ Credit Card accounts ▪ Loan accounts (excluding HELOCincluding credit card and equity accounts) Regardless, if we make an account available for service selection, you agree that you are solely responsible for ensuring you have all necessary legal rights, power and authority to initiate the requested transaction on the Eligible account(s), and agree to be liable for any and all third party actions, claims, liability, loss and damages (including, but not limited to, reasonable attorneys’ fees), caused by or arising from your actions. You may have other accounts that are not eligible for this Internal Transfer Bill Payment Service due to Bank policies, procedures and/or restrictions specific to your East West Bank accountaccount or your activity related to the Bill Payment Service. Eligibility is determined solely by the records of the Bank, Bank and may change from time-to-timeour Service Providers. We The Bank and our Service Providers are under no obligation to honor an Internal Transfer a Bill Payment request, even if we have honored the same request in the past. If in doubt, you should contact us to verify if your account(s) is eligible for the Internal Transfer Serviceus.

Ineligible Transaction Account Types. ▪ East West Bank accounts that do not meet eligibility requirements as defined by this Agreement or otherwise by the Bank ▪ Individual Retirement Accounts (IRAs) ▪ 401 K Accounts ▪ Accounts Your accounts that are not held, held in an individual, joint, or certain sole proprietorship, trust or fiduciary ownership capacity (without restrictions); ▪ Business Accounts that are not specifically designated in the Bank’s records as enabled for sending and/or receiving Business Online Banking Internal Transfers between the accounts and/or that do not meet the eligibility criteria for transfers between your own account and the business account, or accounts that are not otherwise allowed for under a Bank approved exception or as part of an enhanced service offering. ▪ Certain business accounts and ownership types, at the Bank’s discretion ▪ Certificate of Deposit (CD) accounts or other time-based accounts ▪ Credit Card accounts ▪ Loan accounts (excluding HELOC) Regardless, if we make an account available for service selection, you agree that you are solely responsible for ensuring you have all necessary legal rights, power and authority to initiate the requested transaction on the Eligible account(s), and agree to be liable for any and all third party actions, claims, liability, loss and damages (including, but not limited to, reasonable attorneys’ fees), caused by or arising from your actions. You may have other accounts that are not eligible for this Internal Transfer Service due to Bank policies, procedures and/or restrictions specific to your East West Bank account. Eligibility is determined solely by the records of the Bank, and may change from time-to-time. We are under no obligation to honor an Internal Transfer request, even if we have honored the same request in the past. If in doubt, you should contact us to verify if your account(s) is eligible for the Internal Transfer Service.