Common use of Settlement Accounts Clause in Contracts

Settlement Accounts. The Parties agree that Coastal will establish, on behalf of Aspiration, and maintain one or more settlement accounts for Debit Card, ACH payments, wires, mobile check deposits, and physical check deposits for purposes of settling Aspiration Customer transactions. Each transaction settlement account will be a zero balance account. Coastal will be responsible for moving funds to and from such settlement accounts in accordance with Aspiration’s instruction.

Settlement Accounts. The Parties agree that Coastal will establish, on behalf of Aspiration, shall establish and maintain one or more settlement accounts accounts, as needed, for Debit CardCard transactions, ACH payments, wires, mobile check deposits, and physical check deposits for purposes of settling Aspiration Customer transactions. Each transaction settlement account will shall be a zero balance account. Coastal will be responsible for moving funds to and from such settlement accounts in accordance with Aspiration’s instructionZero Balance Account.

Settlement Accounts. The Parties agree that Coastal will establish, on behalf of Aspiration, and maintain one or more settlement accounts for Debit Card, ACH payments, wires, mobile check deposits, and physical check deposits for purposes of settling Aspiration Customer transactions. Each transaction settlement account will be a zero balance account. Coastal will be responsible for moving funds to and from such settlement accounts in accordance with Aspiration’s 's instruction.