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 ▪ Custodial and/or Trust Accounts ▪ Business Accounts ▪ Certificate of Deposit (CD) accounts or other time-based accounts ▪ Loan Accounts (including credit card and equity accounts) You may have other accounts that are ineligible for this External Transfer Service due to restrictions specific to your East West Bank account or to your account at the other bank, credit union or other institution. If in doubt, you should contact us or them directly to verify if your account(s) is eligible for ACH external transfers to or from another financial institution.

Ineligible Transaction Account Types. ▪ East West Bank Accounts that do not meet eligibility requirements as defined by this Agreement or otherwise by the Bank. Bank ▪ Individual Retirement Accounts (IRAs) ▪ 401 K Accounts ▪ Custodial Accounts that are not held in an individual or joint (without restrictions) ownership capacity, for example custodial and/or Trust Accounts ▪ Business Accounts ▪ Certificate of Deposit (CD) accounts or other time-based accounts ▪ Loan Accounts (including credit card and equity accounts) You may have other accounts that are ineligible for this External Internal Transfer Service due to restrictions specific to your East West Bank account or to your account at the other bank, credit union or other institutionaccount. If in doubt, you should contact us or them directly to verify if your account(s) is eligible for ACH external transfers to or from another financial institutionthe Internal Transfer Service.