Some General Terms. The type of Account ownership determines how your funds are paid if you die or become incapacitated, even if your will states otherwise. Consult with your financial advisor or attorney about your choices. We may also pay all or part of the funds in the Account to a court or government agency if we receive a legal process that identifies any of the joint owners. Any owner may close the Account without the signature of the other owners. If your joint Account becomes overdrawn, you are liable for the full amount of the overdraft regardless of whether you initiated or benefited from the Items causing the overdraft. If we believe there to be a dispute between you and your joint owners, or we receive inconsistent instructions from you and any of your joint owners, we may suspend or close your joint Account, require a court order to act, and/or require that you and all of your joint owners agree in writing to any transaction concerning your joint Account. Ownership of your Account is determined by the most recent signature card or online Account application.
Appears in 3 contracts
Sources: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement, Consumer Deposit Account Agreement