Monitoring Program Accounts Sample Clauses

Monitoring Program Accounts. You are responsible for monitoring the total amount of your funds held in the Program Account at each Program Bank in each insurable capacity to determine the extent of FDIC deposit insurance coverage available to you for deposits at that Program Bank. It is important to note that for purposes of calculating available FDIC insurance coverage, cash swept to a Program Bank under the Program will be added to any other amounts you may have on deposit at that Program Bank held in the same insurable capacity. You should consider adding to your Opt-Out List (when available) any FDIC-insured depository institution at which you have other deposits in the same insurable capacity. You should confirm that allocations of your funds among Program Banks is consistent with your Opt-Out List. Neither UMB, UNIFIMONEY nor any of the Program Banks is responsible for monitoring the total amount of your deposits at any Program Bank or preventing your aggregate deposits from exceeding the maximum amount eligible for FDIC insurance coverage at any Program Bank.