Linked Checking Account Clause Samples
The Linked Checking Account clause establishes a connection between a primary account and a designated checking account for specific financial transactions. Typically, this clause allows for automatic transfers, overdraft protection, or payment processing by linking the two accounts, ensuring funds can be moved seamlessly as needed. Its core function is to facilitate efficient management of funds and reduce the risk of failed transactions due to insufficient balances in the primary account.
Linked Checking Account. Client may maintain a maximum of one linked checking account (the “Linked Checking Account”) at any time. Initially, Client’s Linked Checking Account will be the account which Client designates in the Application. To establish or change the Linked Checking Account Client will comply with applicable procedures within the Interface or as required elsewhere by Betterment. Betterment or Betterment Securities may place reasonable restrictions on the frequency with which Client changes the Linked Checking Account.
Linked Checking Account. Client may maintain a maximum of one Linked Checking Account at any time. Initially, Client’s Linked Checking Account will be the account which Client designates in the Application. To establish or change the Linked Checking Account, Client will comply with applicable procedures within the Interface or as otherwise required by Qapital. Qapital may place reasonable restrictions on the frequency with which Client changes the Linked Checking Account.