Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.
Appears in 5 contracts
Sources: Depositor Agreement, Deposit Account Agreement, Depositor Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open in the account or has authority to make withdrawals space designated for signatures on the signature card may withdraw or transfer all or any part of the available account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt attempt: on forms not approved by us, ; by any method we do not specifically permit, which is greater in number than the frequency permitted, ; or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account . We will use the date the transaction is completed by us (as a transaction account. If we reclassify your account, your account will be subject opposed to the fees and earnings rules of date you initiated it) to apply the new account classificationfrequency limitations. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed See Your Ability to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure Withdraw Funds section for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure Your Ability to Withdraw Funds section does not apply, you can ask us when you make a deposit in person when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. Refer to Truth in Savings for details. – A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same person and under the same conditions generally applicable to withdrawals made in writing. Other account transfer restrictions may be described elsewhere. – This agreement is subject to Article 4A of the Uniform Commercial Code - Fund Transfers. If you originate a fund transfer for which the Federal Reserve System is used, and you identify by name and You agree to be bound by Automated Clearing House Association rules. These rules provide, among other things, that payments made made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit, however, the order of payments or credits will be listed on your regular periodic statement. We can assess a Returned Item fee as disclosed in the Fee Schedule each time an ACH presentment is DIRECT DEPOSITS – If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability. – You each agree that we may (without prior notice and when permitted by law) charge against and deduct from this account any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. If the debt arises from a note, “any due and payable debt” includes the total amount of which we are entitled to demand payment under the terms of the note at the time we charge the account, including any balance due for which we properly accelerate under the note. We may report information about your account to credit bureaus. Late payments, in your credit report. In addition to these contract rights, we may also have rights under a “statutory lien.” A “lien” on property is a creditor’s right to obtain ownership of the property in the event a debtor defaults on a debt. A “statutory lien” is one created by Federal or State statute. If Federal or State law provides us with a statutory lien, then we are authorized to apply, without prior notice, your shares and dividends to any debt you owe us, in accord with the statutory lien. account if: (a) the funds are deposited in a ▇▇▇▇▇▇▇▇▇ Education Savings Account,Individual Retirement Accountorothertax-deferredretirement account, or (b) the debt is created by a consumer credit transaction consensual security interest), or (c) the debtor’s right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check or draft when the dishonor occurs because we charge and deduct an amount you owe us from your account. You agree to hold us harmless from any claim arising as a result of our exercise of our right to repayment.
Appears in 4 contracts
Sources: Account Agreement, Account Agreement, Account Agreement
Withdrawals. Our banking offices are non-cash facilities You may withdraw money from a Custodial Account by initiating a withdrawal request through the Platform at any time. You acknowledge and agree that, notwithstanding anything to the contrary in any agreement governing your participation in the Program, including this Advisory Agreement, you will not be allowed able to withdraw currency at our office locationsrequest withdrawals, or sales, unless and until you connect a bank account to your EarlyBird Account. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals You agree and acknowledge that there may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require be no more than one of you other bank account connected to authorize a withdrawal. Such a restriction must be explicityour EarlyBird Account for withdrawal purposes unless otherwise permitted by EarlyBird. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where by requesting a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulationwithdrawal, you waive any requirement of multiple signatures for withdrawalauthorize EarlyBird to place an order with the Broker and/or Custodian on your behalf to sell the securities in your EarlyBird Account at the time(s) and in amounts calculated by EarlyBird’s portfolio management system. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse You agree and acknowledge that any withdrawal or transfer from your EarlyBird Account, and/or sales of securities, may not be cancelled following the initiation, authorization, and/or direction of such transaction. EarlyBird will undertake good faith efforts to generate and place the orders for such sales on the Business Day you request which a withdrawal, but you attempt on forms not approved by usacknowledge and agree that such orders may be placed at any time within five Business Days after your request. Any withdrawal request you initiate will be sent to the ACH Operator. You agree that, by any method we do not specifically permitrequesting a withdrawal, which is greater you authorize the ACH Operator to request that the Custodian transfer the proceeds of the applicable sales in number than the frequency permitted, or which is for an amount greater you request (or less than if the money remaining in your EarlyBird Account after deducting any EarlyBird Fee (as defined below) or other fee due is less) to your bank account. You acknowledge and agree that the Custodian will not initiate a transfer of money for a withdrawal until the Business Day after the last applicable sale for such withdrawal has settled and that it may take up to seven to ten Business Days after the Custodian initiates a transfer of money for the proceeds of a withdrawal to arrive at the destination account. You further acknowledge and agree that EarlyBird and the Custodian may require additional information from you before effecting any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor such requested withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltydelay or cancellation in the event that you do not timely provide such additional information. EarlyBird and the Custodian reserve the right to permit cash withdrawals to other sources as they may mutually agree and to the extent permitted by applicable law. Any such cash withdrawal methods may be subject to additional terms and conditions, which will be disclosed to you. Ancillary fees associated with cash withdrawals to sources other than ACH transfer from the Custodian are listed in Attachment A, which fees shall be charged to the Client and shall be in addition to the EarlyBird Fee. You acknowledge that if you are permitted to withdraw, and do withdraw, an amount below the value at which such ancillary fee converts to a variable pricing model, the ancillary fee is charged as a fixed fee that does not vary based on the amount of your withdrawal, and accordingly, the overall withdrawal fee paid may be disproportionately high relative to the amount of your withdrawal. In such case, you further represent and warrant, and have determined, that the ancillary fee is reasonable irrespective of your withdrawal amount.
Appears in 3 contracts
Sources: Investment Advisory Agreement, Investment Advisory Agreement, Investment Advisory Agreement
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by any method you from your Account provided that such money are not being utilised for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse of In order to process your withdrawal request please ensure that the stated limitations (if any) as your act of closing the account, or we may at our option reclassify funds remaining on your account as a transaction accountfollowing your withdrawal is at least twice of your used margin. If we reclassify your accountyou have not met the necessary, your account will be subject to bonus trading requirements at the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available for withdrawaldebited from your trading account. In additionWithdrawals will only be made on request by you, we by bank transfer to an account in your name or such other method as we, in our absolute discretion, may place limitation determine. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends, and other Stock related events can have an impact on the account until your identity is verifiedshare price and thus on the price of an equity based CFD. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than A person who holds a time depositCFD position has no ownership of the underlying instrument. However, or when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any other savings account customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted that is when the economic effect is felt on the underlying share price. The Client agrees all funds in and may be out of the Account are subject to penaltyCMTrading’s withdrawals policy on our website. · a flat fee of $10 for all local wire transfer withdrawals. · a flat fee of$ 25 or all international wire transfer withdrawals. You may incur additional charges from your bank or other third parties unrelated to us, in connection with the use of the services. CMTrading is not responsible for any such imposed fees and/or charges as it is beyond our scope of control.
Appears in 3 contracts
Sources: Client Service Agreement, Client Service Agreement, Client Service Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless Generally unless clearly indicated otherwise stated on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer transfers all or any part of the account balance at any time. Each of you (until we receive written notice We have no obligation to the contrary) authorizes each honor facsimile signatures on your checks or other person who signs or has authority orders. We may pay any check without regard to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicitits date. You agree that, as not to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check deposit checks or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalother items before they are properly payable. We may charge are not obligated to pay any check drawn on your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actwhich is presented more than six months past its date. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, us or by any method we do not specifically permit, . We may refuse any withdrawal or transfer request which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. Even if we honor a nonconforming request, we are not required to do so later. If you violate the stated transaction limitations (if any), in our discretion we may deny additional transactions, close your account or reclassify your account, your account will then be subject to the fees and earnings rules of the new account classifications. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for to which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In additionWe may determine the amount of available funds in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the time we receive the item and when we return the item or send a notice in lieu of return. We only need to make one determination, but if we may place limitation on choose to make a subsequent determination, the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a balance at the subsequent time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltywill determine whether there are insufficient available funds.
Appears in 3 contracts
Sources: Account Disclosure Agreement, Account Disclosure Agreement, Account Disclosure Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account recordsGenerally, any of you, acting alone, who signs to open the account Account holder or has authority to make withdrawals Authorized Signer on an Account may withdraw or transfer all or any part of the account available balance in the Account at any time. Each Your available balance is the balance in your Account after deducting 1) deposits that are not yet available for withdrawal under our Funds Availability Disclosure, 2) pending transactions (such as debit card purchases) that the Bank has authorized but have not yet been paid from your Account, and 3) any holds on your Account. The available balance does not reflect all of your outstanding Checks, automatic bill payments (including ACH and recurring debit card transactions) or other transactions that you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make have authorized but have not yet been paid from your Account. Additional restrictions on withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries from Accounts are stated in the account title (Deposit Account Disclosures. Only one signature is required for withdrawals from any Account even if the signature card for the Account or elsewhere in account records) does not in itself require other documents state that more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item signature is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actrequired. We may refuse any withdrawal or transfer request which you attempt that is not on forms not approved required by usthe Bank, is by any a method we do not specifically permit, which is greater in number than exceeds the frequency permittedlimitations, or which is for an amount greater or less than any withdrawal limitations. Even We may close your Account for transactions that do not follow these requirements, even if we honor a nonconforming request, we are not required to do so laterpermit some of these transactions. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to us, not the date you initiate it) , to apply determine the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verifiedof transactions. We may require not less than 7 days’ advance notice in writing before each withdrawal of large cash withdrawals and may require that you provide adequate security when you accept the cash. Under Federal regulations, we may also require seven days prior written notice for withdrawals from an interest-bearing account Account other than a time deposit, or from any other savings account as defined by Regulation D. demand deposit Account. Withdrawals from a time account certificate of deposit prior to maturity or prior to any notice period may be restricted and may be subject to penaltya penalty as provided in the Deposit Account Disclosures or the pre-maturity notice you received prior to renewal of your CD. We generally process Items drawn on your Account on the Business Day they are received by us, in the following order: First, we will process wire transfers, debit card transactions, ATM withdrawals, cash withdrawals made at one of our branches and checks drawn on your Account that are cashed at one of our branches; and Second, we will post checks not included above, ACH transactions and CIBC NetBanking bill payment transactions. Within each of these categories, Items without serial numbers will be paid in the order that we receive them. Checks with check numbers will be paid in check number order, from the lowest number to the highest number. The order in which Items are paid is important because it may result in Overdraft Fees or Non-Sufficient Funds (NSF) Fees if you do not have sufficient funds available in your Account to pay the Items.
Appears in 3 contracts
Sources: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement, Consumer Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities and You can make withdrawals from your Account in various methods made available to you in conjunction with your Account. For your own protection, withdrawals from your Account will not be allowed to withdraw currency at our office locationsif we are not satisfied that the withdrawal is authorized. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer If all or any part of an item is uncollected funds or otherwise unavailable for withdrawal, your use of those funds is subject to our right not to permit a withdrawal until the account balance at any timefunds are collected. Each of you (until we receive written notice Federal regulations give us the right to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined give notice in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require writing not less than 7 days’ notice days before you intend to withdraw all or a part of your Account. Longer notification periods may be enforced under certain circumstances. Withdrawals made from your Account using a check or your debit card will be reported to the IRS as normal distributions and should be made only for qualified medical expenses under the applicable federal law. To ensure accurate reporting to the IRS, a withdrawal form should be submitted to HSA Bank for any non-qualifying or non-medical transaction. When you submit a withdrawal form to us, we will send you a check that you may use for such a transaction. A fee will be charged for the withdrawal form as provided in writing before each withdrawal your Health Savings Account Fee and Interest Schedule. For withdrawals from an interest-bearing account your Account using a debit card, benefits card, or other device issued by a party other than HSA Bank, you should refer to your agreement for that card or device for additional rules of the issuer governing your withdrawals. Checks. You can order a supply of checks and made check withdrawals if your Account allows for the ability to do so. The cost of the checks is listed in your Health Savings Account Fee and Interest Schedule. International transactions may have higher fees. Payment of Checks. We may pay items drawn on your Account and presented on the same business day in any order determined by us, even if paying a particular item results in an insufficient balance in your Account to pay one or more other items that otherwise could have been paid. We may change the order of payment at any time depositwithout notice to you. Preauthorized or Automatic Transfers. According to federal regulations, your Account is limited to no more than 6 preauthorized or automatic transfers from your Account during any monthly period. No more than 6 of those transfers may be made payable to third parties, such as point-of- sale (“POS”) transactions, checks, or from drafts. If you make more transfers during any other savings account as defined by Regulation D. Withdrawals from a time account prior month than you are allowed to maturity or prior to any notice period make, you may be restricted charged a fee and your privilege to make preauthorized or automatic transfers may be subject suspended or terminated, or your Account may be closed. If a fee is to penaltybe charged, it will be listed in your Health Savings Account Fee and Interest Schedule. You are not limited in the number of transfers you make through an ATM.
Appears in 2 contracts
Sources: Deposit Account Agreement, Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilised for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/ credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary, bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Leverate Technologies Limited and MT4 and MT5 Trading Account during a continuous period of three (3) months and you have a zero-account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Leverate Technologies Limited and MT4 and MT5 Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountLeverate Technologies Limited and MT4 and MT5 Trading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with The Company by a The Company Customer where the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 2 contracts
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by any method you from your Account provided that such money are not being utilised for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse of In order to process your withdrawal request please ensure that the stated limitations (if any) as your act of closing the account, or we may at our option reclassify funds remaining on your account as a transaction accountfollowing your withdrawal is at least twice of your used margin. If we reclassify your accountyou have not met the necessary, your account will be subject to bonus trading requirements at the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available for withdrawaldebited from your trading account. In additionWithdrawals will only be made on request by you, we by bank transfer to an account in your name or such other method as we, in our absolute discretion, may place limitation determine. 19 Payments on Stock Splits, Reverse Stock Splits, Stock Dividends, and other Stock related events can have an impact on the account until your identity is verifiedshare price and thus on the price of an equity based CFD. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than A person who holds a time depositCFD position has no ownership of the underlying instrument. However, or when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any other savings account customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltythat is when the economic effect is felt on the underlying share price.
Appears in 2 contracts
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account recordsGenerally, any of you, acting alone, who signs to open the account Account holder or has authority to make withdrawals Authorized Signer on an Account may withdraw or transfer all or any part of the account available balance in the Account at any time. Each Your available balance is the balance in your Account after deducting 1) deposits that are not yet available for withdrawal under our Funds Availability Disclosure, 2) pending transactions (such as debit card purchases) that the Bank has authorized but have not yet been paid from your Account, and 3) any holds on your Account. The available balance does not reflect all of your outstanding Checks, automatic bill payments (including ACH and recurring debit card transactions) or other transactions that you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make have authorized but have not yet been paid from your Account. Additional restrictions on withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries from Accounts are stated in the account title (Deposit Account Disclosures. Only one signature is required for withdrawals from any Account even if the signature card for the Account or elsewhere in account records) does not in itself require other documents state that more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item signature is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actrequired. We may refuse any withdrawal or transfer request which you attempt that is not on forms not approved required by usthe Bank, is by any a method we do not specifically permit, which is greater in number than exceeds the frequency permittedlimitations, or which is for an amount greater or less than any withdrawal limitations. Even We may close your Account for transactions that do not follow these requirements, even if we honor a nonconforming request, we are not required to do so laterpermit some of these transactions. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to us, not the date you initiate it) , to apply determine the frequency limitationsof transactions. We may pay any Item drawn against your Account that would be a substitute check if it did not contain an error or defect. See the funds availability policy disclosure our Funds Availability Disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until into your identity is verifiedAccount. We may require not less than 7 days’ advance notice in writing before each withdrawal of large cash withdrawals and may require that you provide adequate security when you accept the cash. Under Federal regulations, we may also require seven days prior written notice for withdrawals from an interest-bearing account Account other than a time deposit, or from any other savings account as defined by Regulation D. demand deposit Account. Withdrawals from a time account certificate of deposit prior to maturity or prior to any notice period may be restricted and may be subject to penaltya penalty as provided in the Deposit Account Disclosures or the pre-maturity notice you received prior to renewal of your CD. We generally process Items drawn on your Account on the Business Day they are received by us, in the following order: First, we will process wire transfers, debit card transactions, ATM withdrawals, cash withdrawals made at one of our branches and checks drawn on your Account that are cashed at one of our branches; and Second, we will post checks not included above, ACH transactions and CIBC NetBanking bill payment transactions. Within each of these categories, Items without serial numbers will be paid in the order that we receive them. Checks with check numbers will be paid in check number order, from the lowest number to the highest number. The order in which Items are paid is important because it may result in Overdraft Fees or Non-Sufficient Funds (NSF) Fees if you do not have sufficient funds available in your Account to pay the Items.
Appears in 2 contracts
Sources: Consumer Deposit Account Agreement, Consumer Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities (a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other sources from which the funds were debited or as we, in our sole and absolute discretion, determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
(b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
(c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
(d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse In order to process your withdrawal request please ensure that the funds, namely the realised balance, remaining on your account following your withdrawal responds to the margin requirements of the stated limitations (if any) Company and is at least equal to your Used Margin or as your act of closing is determined by the account, or we may at our option reclassify your account as a transaction accountCompany. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
(e) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Withdrawals. Our banking offices You may withdraw funds from your Account in person at one of our branches, or by check, pre-authorized transfer, by use of an automated teller machine (“ATM”) or point-of-sale (“POS”) terminal, telephone transfer or other electronic means, to the extent that these services are non-cash facilities available for your Account. ATM and you will not be allowed POS transactions are subject to withdraw currency at our office locationsthe terms under “ELECTRONIC FUND TRANSFERS – YOUR RIGHTS AND RESPONSIBILITIES” in addition to other applicable terms and conditions. Online transactions are also subject to the terms of applicable online services agreements. Unless clearly indicated otherwise on the account Account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals a signature card may withdraw or transfer all or any part of the account balance at any timeAccount balance. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing the signature card to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account the Account or any other transaction with us. Using The signature on all checks and withdrawals must be as it appears on the word “and” signature card for your Account on file with the Credit Union. If we accept your power of attorney, your check or withdrawal may be signed by the person with authority to connect the names of co-owners sign for you. If you voluntarily disclose your account number to another person orally, electronically, in writing, or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of by any other means, you are deemed to authorize a withdrawaleach item, including electronic debits, which result from your disclosure. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We The Credit Union may pay these items and charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actaccount. We may refuse and are not liable for any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so laterAccount. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. The Credit Union may refuse any withdrawal request against uncollected or non-sufficient funds. The fact that we may honor withdrawal requests that overdraw the available Account balance does not obligate us to do so later. See the funds availability policy disclosure “FUNDS AVAILABILITY” for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you You can also ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.
Appears in 2 contracts
Sources: Important Account Information Agreement, Important Account Information Agreement
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilized for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, The Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex- dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Trading Account during a continuous period of three (3) months and you have a zero account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountTrading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with The Company by a The Company Customer where the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 2 contracts
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilized for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Where the Company requires additional verification document(s) from the Client necessary to fulfil the completion of the withdrawal, the Company reserves the right to reasonably decline the withdrawal request of the Client upon a failure of the provision of the said documents within 5 (five) Business Days from the day the document(s) was/were requested. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, The Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex- dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Trading Account during a continuous period of three (3) months and you have a zero account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountTrading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with the available account balance does not obligate us to do so later. We will use Company where the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 2 contracts
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless otherwise clearly indicated otherwise to the contrary, any one of you who signs in the space designated for signatures on the account recordssignature card, any of youincluding authorized signers, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account Account balance at any timetime on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing this form to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account Account or any other transaction with us. Using The fact that we may honor withdrawal requests which overdraw the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) final collected Account balance does not in itself require more than one of you obligate us to authorize a withdrawaldo so, unless required by law. Such a restriction must Withdrawals will first be explicit. You agree thatmade from collected funds, as and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalcontrary. We may charge your account for a check even though payment was made before reserve the date of the check, unless we have received written notice of the postdating in time right to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than minimum withdrawal requirement, or which exceeds any withdrawal limitationsfrequency limitation. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations (if any) as your act of closing the account, may eventually force us to close this Account or we may at our option reclassify your account it as a checking or other transaction account. If we reclassify your accountAccount, your account Account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitations. See We reserve the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may right to require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account Account other than a time deposit or demand deposit, or from any other savings account Account as defined by Regulation D. Withdrawals from a time account deposit prior to maturity or prior to the expiration of any notice period may be restricted and may be subject to penalty.
Appears in 2 contracts
Sources: Disclosures and Deposit Account Agreement, Deposit Account Agreement
Withdrawals. Our banking offices You may request a withdrawal of precious metals from your Account by submitting a withdrawal request on our website. You may also contact us by telephone during normal business hours for assistance in completing a withdrawal request. If you contact us by phone for assistance, we will send you a completed form for signature. We will only process withdrawal requests in a quantity of precious metals as are non-cash facilities available in your Account. If a withdrawal request would result in your Account being overdrawn, if honored, we will be unable to process the request and you will not nevertheless be allowed obligated to withdraw currency at our office locationspay us the withdrawal fee. Unless clearly indicated otherwise on the account records, any Upon receipt of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required may contact you to do so later. We may treat continued abuse of confirm that you have authorized the stated limitations (if any) as your act of closing withdrawal before processing the account, or we may at our option reclassify your account as a transaction accountwithdrawal request. If we reclassify are unable to confirm that you authorized the withdrawal, the request will not be processed. We also reserve the right to reject instructions that are inconsistent with the terms of this Agreement or applicable law. You are responsible for ensuring that your accountwithdrawal request is accurately completed. Your withdrawal request should fully describe the Assets for which you are requesting withdrawal by specifying the metal type, your account will quantity, form, weight in ▇▇▇▇ ounces pure, and/or any other characteristic to allow us to identify the Assets. Your withdrawal request must also specify the verified address to which the withdrawn Assets are to be subject to delivered. You are responsible for paying the fees and earnings rules costs associated with a withdrawal of precious metals from the Depository. The current fees and costs are set out in o ur Fee Schedule and are also posted on our website. We reserve the right to require payment of withdrawal costs prior to processing a withdrawal if, as a result of the new account classification. The fact that we may honor withdrawal, your Account Balance drops below the amount of the associated withdrawal requests that overdraw the available account balance does not obligate us to do so laterfees and costs. We will use the our best efforts to ship your withdrawals in accordance with your instructions within five (5) Business Days of your requested date the transaction is completed of withdrawal. We will ship your withdrawal by us (as opposed common carrier and will be responsible for insuring any such shipment. If you wish to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not applymake alternative arrangements, you can ask us when you make a deposit when those funds will be available responsible for withdrawalthe shipping and other costs, including insurance, associated with the return of your Assets. In additionIf you wish to pick up the withdrawn Assets at our facility, you must contact us to arrange an appointment to do so and we may place limitation on the account until require additional documentation to verify your identity is verifiedbefore we release the Assets to you. We may require not less than 7 days’ notice in writing before each withdrawal from reserve the right to designate an interestalternative pick-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltyup location.
Appears in 2 contracts
Sources: Deposit Account Agreement, Deposit Account Agreement
Withdrawals. Our banking offices Subject to these Terms, you may withdraw Credit from the App wallet on your account at any time. Credit will remain in your App wallet unless and until you submit a request to withdraw a minimum of £10 (this minimum may be varied by GPT from time to time) and a maximum of the outstanding Credit balance in your App wallet. Withdrawals will be transferred to the debit card or online payment service with which you originally acquired the Credit. To withdraw funds from your account, visit the "withdraw" option within the App. We reserve the right to suspend the withdrawal of any Credit (including Credit representing your winnings) to your debit card or online payment service on the occurrence of an event outside our control (see the section Events Outside our Control below). We will transfer your Credit (including Credit representing your winnings) as soon as reasonably practicable after the relevant event outside our control has ceased. You are responsible for reporting your winnings and losses if such reporting is required by applicable law or the relevant tax authorities. It is your responsibility to pay any tax or levy due on any winnings paid to you by us. As part of our regulatory requirements and in order to combat money laundering, card theft and fraud, you can only withdraw funds using the payment method with which Credit was originally purchased. When you are ready to withdraw funds you will see an amount of Credit in your App wallet, which will reflect the transactions carried out . Once you have submitted a withdrawal request, you will receive a confirmation message that the transfer has been actioned and the balance of your account will then clear to zero or the balance of the amount not withdrawn. If you reduce the balance of your account to zero, you will need to acquire a minimum of £10 of Credit (or such other amounts as may be applicable at that time) in order to continue using the Services. If funds are withdrawn, they will leave us at the close of business on the working day on which such withdrawal was requested and will be credited to the debit card or online payment service that you have registered in accordance with these Terms. These funds will be subject to a clearance period determined by the card issuing bank (normally 2 – 5 working days). At our reasonable discretion, requests for withdrawals may be held for approval before being processed. We reserve the right to impose or change the minimum and maximum withdrawal levels. We do not currently charge a service fee for withdrawals to online payment services, however we reserve the right to charge a service fee for withdrawals. We do not allow any transfer of funds between our customers' accounts. You have the right to close your account at any time. In order to do so you will need to first transfer all of the Credit in your App wallet In accordance with these Terms and, subsequently, you should make a request to close your account using the "Close Account" section within the App. You remain responsible for activities using your account until it is closed. Upon our confirmation of the closure of your account, we will notify you and provided that you have complied with these Terms. Prior to the transfer of the Credit in your App wallet, we may at any time set off any Credit on your account against any amount owed by you to us (including under a duplicate account). We reserve the right, at our reasonable discretion, to close or suspend your account and/or void any plays and/or withhold your account balance and/or recover from your account the amount of any affected winnings or bonuses and/or implement a permanent ban from our Services for the following reasons: • we, acting in good faith, have reason to believe that you are in breach of a material provision of these Terms; • we become aware that you have used or attempted to use the Services for the purposes of fraud, collusion or unlawful or improper activity; • we become aware that, in connection with your play on any alternative gaming or gambling service, you are suspected of fraud, collusion (including in relation to charge-backs), cheating or unlawful or improper activity; • you fail to provide us with accurate information in relation to your account; • we, acting in good faith, have reason to believe that you have opened or are using multiple accounts or a duplicate account; • you misuse our App; • we are required to do so by any regulatory authority or court; • we discover that you are accessing the Services in contravention of the laws of the country where you are located; or • you become bankrupt, if you do not make payment of a court judgment on time, if you make an arrangement with your creditors, or if any of your assets are the subject of any form of seizure or if analogous proceedings are brought in relation to you anywhere in the world. In certain circumstances, we may be prohibited from notifying you that your account has been suspended or closed. In such circumstances, we will endeavour to inform you as soon as we are able. If an account is suspended, we may, at our discretion, lift the suspension provided we are satisfied that the circumstances giving rise to the suspension no longer exist. If we terminate your rights to use the App and Services: • You must stop all activities authorised by these Terms, including your use of the App and any of the Services. • You must delete or remove the App from all devices in your possession. • We may block you from reinstalling or re-registering the App from and cease providing you with access to the Services. You agree to compensate us for any costs, charges or losses sustained or incurred by us (including any direct, indirect or consequential losses, any loss of profit and any loss of reputation) arising if we close your account in accordance with the conditions set out in this section. GPT is not responsible for the Gaming Services and Non-Gaming Services that you purchase using the App. Any dispute with a Third-Party Provider regarding any product or service purchased by you using the App is between you and the Third-Party Provider. We do not provide any warranties, representations, conditions or guarantees with respect to such services. Payments for Credit using a debit card may include a right for you to claim funds back from your bank through their chargeback scheme (a "Chargeback"). By agreeing to these Terms, you agree that you will not exercise a Chargeback other than for unauthorised use of your debit card or for a breach by us of these Terms which results in you having a right to a refund. In all other circumstances, you may not exercise a Chargeback, including (but not limited to) as a result of a dispute of Third Party Providers for non-cash facilities delivery of services or an insufficient balance in your App wallet. You agree to indemnify us for any losses, costs, fees or expenses we incur in connection with a Chargeback that is not permitted under these Terms and any action undertaken to challenge the same. We may also charge you a Chargeback fee of £35 if you exercise a Chargeback in breach of these Terms. Without limiting our rights or remedies, if you do exercise a Chargeback or otherwise cancel, reverse or de- authorise a payment in circumstances not permitted by these Terms, you are responsible for refunding the payment to us. We may, at our discretion, recover the amount by reducing the balance in your App wallet or charging your debit card in respect of such amount (or otherwise collecting such amount from you). Unauthorised use of your debit card shall NOT include use arising from: • your failure to keep your account ID information safe; • your failure to notify us without undue delay of any loss of your password or other event that could reasonably be expected to have compromised the security of your account; • if the transaction was unauthorised but you have acted fraudulently or compromised the security of your account with intent or gross negligence; and • if you fail to dispute and bring the unauthorised or incorrectly executed transaction to our attention within 13 months from the date of the transaction. If an account remains dormant (i.e. there is no activity on your account) for more than 5 months, you shall receive an alert confirming that if the account remains dormant for a further month, the account shall be closed and any outstanding Credit returned to the debit card with which you originally acquired the Credit in accordance with these Terms. If we are unable, for any reason, to return any outstanding Credit to your debit card, we shall use reasonable endeavours to contact you in order to advise you of such outstanding Credit and we shall charge you a reasonable administration fee for doing so. If, following a period of 6 months from our closure of your account, we are still unable to return any outstanding Credit to you, we shall be permitted to deal with such outstanding Credit as we shall choose in our sole discretion. We are committed to responsible gaming and have a number of self-help tools to help you manage your gaming. Within the App we make available the option for you to set a limit on the amount of Credit that you can purchase. Information on setting limits may be found within the "Safer Gambling" section within the App. We also make available the ability for you to stop gaming at any time and there is an option within the App to set a break from play from 1 (one) week up to 6 (six) months. Information on breaks from play may be found within the "Take a break" section within the App. We will use all reasonable endeavours to ensure compliance with a break from play. We implement reasonable checks and safeguards to ensure that during the course of your break from play period you are not sent marketing material about gaming from us and you cannot access the App or any aspect of the Services. We cannot be held liable to you or any third party if you are able to continue to use the App, or if any marketing material is sent to you. You accept that we have no responsibility or liability whatsoever (including in respect of any losses you may incur) if you continue to ▇▇▇▇▇▇ using the App, in particular where you have sought to circumvent a break from play via additional accounts; or where you have changed any of the registration details (which would also include if you open up an account with substantially the same information, albeit submitted on the registration form in a different way). The National Association for Gambling Care Educational Resources and Training (GAMCARE) (▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇) provides information, advice and counselling to individuals, their family and friends who have concerns about problem gambling. The free Helpline number for GAMCARE (available 8am – midnight, 7 days a week) is 0808 8020 133. If You have any concerns about your gambling You can also find information and support at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. The following agencies also provide information regarding problem gambling at the following links: • GambleAware – ▇▇▇▇▇://▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ • Gambling Therapy – ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ • Gamblers Anonymous – ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ • ▇▇▇▇▇▇ ▇▇▇▇▇ Association – ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ • That you do not currently have, nor have you previously suffered from, a gambling addiction; • That you are not currently self-excluded from gambling or using gaming machines whether physically or digitally via the use of gambling websites or apps; • That you shall not deposit to your App wallet any funds which you cannot afford to be used on the Services; and • If any of the above cease to be true you shall immediately stop using the Services. If, as a result of your pattern of play we suspect or have cause for concern that the above have ceased to be true we may contact you and or request that you provide the necessary information to confirm that the above are still true. Please note that if you do not confirm the above and accept these Terms you will not be allowed able to withdraw currency at use the App. GPT collects data regarding your gaming history through the App. This includes information relating to your previous gaming patterns and any requests to take a break. Please note that information relating to your gaming history may reveal the state of your health and can therefore consist of health data which is sensitive personal data. We use the health data we obtain through the Services (mentioned above) to: • be satisfied that the Services we provide to you are being used responsibly; • improve and customise the restrictions of the Service available within the App, such as introducing a take a break period that may be tailored to our office locationsusers; • operate and evaluate and improve our Services (including developing, enhancing and improving our App); and • comply with any applicable legal requirements and industry standards, along with our policies. Unless clearly indicated otherwise on We may share your data with third-party service providers that are located outside the account recordsEEA including countries that may not have the same levels of data protection as the home country of our users. Please note that if you decline to allow GPT to collect or share health data you will not be able to use the App. We are not responsible for any events beyond our reasonable control. Such events might include network failures, malfunctions to our systems or third party systems, war, terrorist activity, riots, malicious damage, fire, flood, storm, nuclear accident or compliance with any of younew law or governmental order, acting alonerule, who signs to open regulation or direction. We may also suspend or cancel the account or has authority to make withdrawals may withdraw or transfer all Services or any part of the account balance at any time. Each of you (until we receive written notice Services if, despite making reasonable efforts to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestso, we are not required able to do so later. We may treat continued abuse provide that part of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account Services to you as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules result of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which events beyond our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltyreasonable control.
Appears in 2 contracts
Sources: Terms of Use, Terms of Use
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilized for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, The Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex- dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Trading Account during a continuous period of three (3) months and you have a zero account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountTrading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with the available account balance does not obligate us to do so later. We will use Company where the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 2 contracts
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a potential bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved re- bate scheme operated by us, money may be withdrawn by you from your Account provid- ed that such money are not being utilised for margin purposes or have otherwise become ow- ing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especial- ly in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account may require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your with- drawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary, bonus trading require- ments at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. For more infor- mation regarding withdrawals, please refer to our Withdrawal Policy published on our website. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and de- duct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permit, which is greater record any activity in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor your MT4 Trading Account during a nonconforming request, we are not required to do so later. We may treat continued abuse continuous period of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.three
Appears in 2 contracts
Withdrawals. Our banking offices are non-cash facilities (a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilized for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other source from which the funds were debited or as we, in our sole and absolute discretion determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
(b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
(c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
(d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse of In order to process your withdrawal request please ensure that the stated limitations (if any) as your act of closing funds, namely the accountrealized balance, or we may at our option reclassify remaining on your account as a transaction accountfollowing your withdrawal is at least twice of your used margin. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
(e) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 2 contracts
Sources: Client Agreement, Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on Anyone who signed the account records, any of you, acting alone, who signs signature card or electronically agreed to open the account or has authority to make withdrawals an account, if applicable, may withdraw or transfer all or any part a portion of the account balance at any timetime by using forms approved by us or by any other method we authorize unless there are account specific withdrawal limitations. Each In addition, our general practice is to only allow transfers of funds via telephone (in person calls or Exchange Line) or Exchange Online between liked named accounts. We reserve the right to restrict withdrawals until we have received a properly signed authorization on a form approved by us. We may honor any item drawn on the account which contains your signature, whether or not the form of the signature is the same as that shown on the signature card given to us. We may pay items authorized by you to be issued without your signature. If we have reason to believe that a dispute or uncertainty exists as to the rights, powers, duties or authority of any of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in signers on the account title (or elsewhere in account records) does their successors, we may, but shall not in itself require more than one be required to, refuse to permit withdrawals, pay items or recognize the authority of you to authorize a withdrawal. Such a restriction must be explicitan agent. You agree that, as to any item that we have no opportunity maintain adequate safeguards to examine ensure the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date authorized use of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actforms and signature stamps you retain. We may refuse to cash any withdrawal item written (including, but not limited to, a substitute check) by you when presented by a person who is not one of our customers. You agree that we will not be responsible if we pay any item which has been forged, altered or transfer request which counterfeited (regardless of by whom or what means including electronic or photo static copying) in a way that a reasonable person could not detect or, if your account is a non-personal account, you attempt on forms not approved by us, by any method we do not subscribe to our Positive Pay Treasury Management Service or other fraud prevention services or procedures. If you voluntarily and specifically permitdisclose your account number to another person orally, which is greater in number than the frequency permittedwriting, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestby some other means, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) such disclosure as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify authorization to that person to issue items drawn against your account, your unless you can demonstrate to our satisfaction that the account will be subject to the fees and earnings rules of the new account classificationnumber was disclosed for a different purpose. The fact that At our option, we may honor withdrawal requests that overdraw or dishonor checks presented against uncollected funds (see our Funds Availability Schedule) or insufficient funds. At our discretion, we reserve the available right to return checks and other preauthorized transactions charged to your account balance to cover the amount of any overdraft and the related fees. Having honored such checks in the past does not obligate us to do so laterin the future. If your account is linked to an overdraft line of credit (Personal Line of Credit) or other overdraft protection plan, the terms printed on your credit or other agreement will apply to any overdraft occurring in your account for any reason. If we decide to return checks which you have written against uncollected or insufficient funds, you will be charged the current established fee. You agree that our use of automated check sorting equipment and automatic payment of checks without manual verification of signature, or other examination, is a procedure that does not vary unreasonably from general banking usage and constitutes ordinary care by us in paying checks. You also agree that we may accept or pay checks and other items in any order we choose. The order in which we pay your transactions may not match the order in which you initiated them. The order in which you make withdrawals from your account will not be the same as the order in which we post these transactions to your account, and this posting order may affect whether you incur overdraft fees. You have no right to direct us regarding the order of payment of checks or any other items drawn on your account. The Bank processes transactions as they are received by the bank each business day in the following order: • Deposits/Credits • ATM and CheckCard transactions, • Checks taken across the teller window at National Exchange Offices in check number order (without a check number prior to those with one), • Automated fund transfers, • Automated loan payments, • Automated Clearing House (ACH) withdrawals, • Checks received for payment from other financial institutions in check number order (without a check number prior to those with one). Unless we have agreed in writing to honor a restriction, we are not required to honor any special instruction or “restrictive legend” placed on checks you write. Examples of restrictive legends on checks are “not valid for more than $500” or “must be presented within 90 days.” We are not responsible for any losses, claims, damages, or expenses that result from your placement of these or other special instructions on your checks. Unless we expressly agree in writing with you, you may not deposit with us a document that you created or printed from an image or other electronic record of an original paper check (a “substitute check document”). Our acceptance for deposit of a substitute check document from you will not be deemed as a waiver of the prohibition on the deposit of substitute check documents. You also will not identify us as a “reconverting bank” or “truncating bank” on a substitute check document you deposit at any other financial institution or transfer to any other person. You also agree to indemnify us for any loss that we incur directly or indirectly from your deposit or transfer of a substitute check document in violation of the limitations in this paragraph. You acknowledge and agree that you will use only black or blue ink when writing checks drawn on your account, and that you will use only the paper check stock as provided by us or standard check stock that does not contain decorative images. Your use of check stock with decorative images and/or use of ink colors other than black or blue on a check may result in errors in processing your check and charging your account. You agree that we shall have no liability to you in the event that you incur a loss from an error in the processing of your check that was caused by your non-compliance with these check stock and ink color requirements. We will use charge your account for a check on the date day the transaction check is completed presented to us for payment by us any legal means (as opposed to the date you initiate itincluding electronically) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make or earlier if we receive notice that a deposit when those funds check drawn on your account will be presented for payment. This will affect your available for withdrawalbalance, determined as of the time we receive the check or notice, and our determination of whether you have sufficient funds in your account to pay the check. In additionIf you are a business with a zero-balance account, we may place limitation on may, but need not, cash checks without verifying the account until your identity is verified. We may require not less than 7 days’ notice balance in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltythe master account.
Appears in 1 contract
Sources: Estatement and Enotice Agreement & Disclosure Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open in the account or has authority to make withdrawals space designated for signatures on the signature card, including any agents, may withdraw or transfer all or any part of the account balance at any time, subject to any restrictions provided herein, on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing on the signature card to make withdrawals to indorse endorse any item payable to you or your order for to deposit to this the account or any other transaction with us. Using The fact that we may honor withdrawal requests which overdraw the word “and” to connect the names of co-owners or co-fiduciaries in the finally collected account title (or elsewhere in account records) balance does not in itself require more than one of you obligate us to authorize a withdrawaldo so, unless required by law. Such a restriction must Withdrawals will first be explicit. You agree thatmade from collected funds, as and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalcontrary. We may charge your account for a check even though payment was made before reserve the date of the check, unless we have received written notice of the postdating in time right to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any minimum withdrawal limitationsrequirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations (if any) as your act of closing may eventually force us to close the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitations. See We reserve the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not applyright to, you can ask us when you make a deposit when those funds will be available for withdrawal. In additionat any time, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ seven (7) days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. The maximum cash back withdrawal limit within any Advia Credit Union branch lobby and drive-thru is $1,000 and $500, respectively. Withdrawals from a time account deposit prior to maturity or prior to the expiration of any notice period may be restricted and may be subject to penalty. See the Early Withdrawal Penalties in the TRUTH IN SAVINGS disclosures below. You may deposit funds into any account using any approved method consistent with the conditions set forth by Advia Credit Union's Truth-in-Savings Disclosure. Transfers, checks, drafts and other items may be received for deposits into any of your accounts if they are payable to, or to the order of, one or more account owner(s), even if all payees fail to endorse them. If we choose, we may furnish missing endorsements of any owner. If a check, draft, or item that is payable to two or more owners is unclear as to whether it is made out to either or both, we may process that check, draft, or item as though it is payable to either person. When you deposit items into your account you warrant that all prior endorsements are genuine. We reserve the right to verify all endorsements on third party checks presented for payment or deposit either in person or by comparison with member account agreements. If an insurance check, a government check, or other check or draft specifies endorsement requirements on the back of the check or draft, we may require exact endorsement as stated on the item. You are liable for any loss we incur from any delay or processing error due to an incorrect endorsement or other marks made by you or any previous endorser. We may disregard information on the check other than the signature of the drawer and amount of the item and magnetic encoded information. You agree that we do not fail to use ordinary care in paying an item solely because its procedures do not provide for sight examination of items. So long as we exercised reasonable care, we are not liable for handling items for deposit or collections, as we serve only as your agent. We do not claim responsibility for a deposit made by mail or at an Automated Teller Machine until the item is in our possession. We are not liable for any mishandling of any item by another party or its loss in transit. Each separate party will only be liable for its own negligence. We reserve the right to send any item for collection. Items drawn on an institution not located in the United States are exclusively processed on a collection basis. You forgo the right to any notice of nonpayment, presentment, protest, or dishonor regarding the items we buy or acquire for credit or collection to your account. The law permits us to pay items (such as checks or drafts) drawn on your account in any order. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them in the order that they are received. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in the order that we receive them, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees. We are not liable to you if we clear a postdated check prior to the date on the check. However, if you notify us of a postdated check and provide this notice in time for us to be able to act on it, we will treat your notice as a stop-payment order. We are under no obligation to you to pay a check that is more than (6) six months old unless the check has been certified by us.
Appears in 1 contract
Sources: Member Account Agreement
Withdrawals. Our banking offices are non-cash facilities (a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other source from which the funds were debited or as we, in our sole and absolute discretion determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
(b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
(c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
(d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse In order to process your withdrawal request please ensure that the funds, namely the realised balance, remaining on your account following your withdrawal responds to the margin requirements of the stated limitations (if any) Company and is at least equal to your Used Margin or as your act of closing is determined by the account, or we may at our option reclassify your account as a transaction accountCompany. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
(e) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless otherwise clearly indicated otherwise to the contrary, any one of you who signs in the space(s) designated for signatures on the signature card or account recordsapplication, including any of yourepresentative agents, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any timetime on the forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing on the signature card to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge against your account for a check check, even though payment was made before the date of the check, unless we you have received given us prior written notice of the postdating postdating. The fact that we may honor withdrawal requests which overdraw the finally collected account balance does not obligate us to do so, unless required by law. Withdrawals will be in time the order that items are presented to have a reasonable opportunity us and will first be made from collected funds and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds even if our general practice is to actthe contrary. We may reserve the right to refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any minimum withdrawal limitationsrequirement, or which exceeds any frequency limitation. Even if we honor a nonconforming non-confirming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate eventually force us to do so laterclose this account. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitations. We reserve the right to require you to notify us of your intention to withdraw shares or deposits from this account as explained in our bylaws. DEPOSITS - Any items, other than cash, that are accepted for deposit (including items drawn “on us”) will be given provisional credit only until collection is final (and actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars). All transactions received after our “daily cut-off time” on a normal business day we are open or received on a day in which we are not open for business will be treated and recorded as if initiated on the next following business day that we are open. See the funds availability policy disclosure Funds Availability Disclosure below for additional information about when deposits made to your account. DIVIDENDS - We are prohibited by law from guaranteeing the payment of dividends or that dividends we do pay will be at the disclosed rate. We must base our dividend payments to you can withdraw funds you depositupon the money we actually earn and that is available for distribution at the end of a dividend period. For those accounts for which our funds availability policy disclosure does not applyMONEY MARKET SHARE DRAFTS - Unless otherwise agreed, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity waive any right to receive any original item after it is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltypaid.
Appears in 1 contract
Sources: Account Agreement
Withdrawals. Our banking offices are non-cash facilities and you i. Upon submission of a Withdrawal Request via the Custody Interface, all Authorized Persons will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part receive an email notification informing them of the account balance at any timeWithdrawal Request. Each of you An Authorized Person (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor Authorized Person who initiated the Withdrawal Request) must then approve the Withdrawal Request via the Custody Interface (a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account“Withdrawal Confirmation”).
ii. If we reclassify your accountonly one Authorized Person is designated on a Gemini Account, your account a Withdrawal Request will be approved following a new or recently successful multi-factor authentication.
iii. Once a Withdrawal Confirmation has been made, Customer’s Withdrawal Request will be processed, and the Digital Assets subject to the fees and earnings rules Withdrawal Request shall be Delivered to the destination Blockchain Address specified therein, within one Business Day of the new account classificationnext Cut-Off-Time. The fact If a Withdrawal Request is made (i) by the ETP Redemption Cut-Off Time on a Business Day, (ii) in connection with a redemption of shares for Customer’s exchange traded product, and (iii) the Delivery of Digital Assets for such Withdrawal Request is to the Gemini Account of a Person that we has signed and executed an agreement with Customer to be an “Authorized Participant” with respect to Customer’s exchange traded product, then the Digital Assets subject to such Withdrawal Request shall be Delivered to the destination Blockchain Address specified therein, by the end of the Business Day when such Withdrawal Request was submitted.
iv. Customer agrees and understands that with respect to Proper Instructions, Gemini cannot authenticate whether or not such Proper Instructions originated from an Authorized Person. Customer further agrees and understands that ▇▇▇▇▇▇ has the right to refuse to execute any Withdrawal Request that it believes may honor withdrawal requests be in violation of any Applicable Laws and Regulations, in which case Gemini will promptly notify the Customer unless legally prohibited from doing so. Customer agrees and understands that overdraw ▇▇▇▇▇▇ may rely upon any action that it believes in good faith and in a commercially reasonable manner to have been taken by an Authorized Person in a manner authorized by this Agreement.
v. Digital Assets withdrawals will typically be processed at the available account balance does not obligate us speed of a Digital Asset network. In certain situations, Digital Asset withdrawals may be delayed in connection with Downtime or the congestion or disruption of a Digital Asset network.
vi. If Customer is unable to do so later. We meet requirements under Applicable Law and Regulations or its operating agreements related to the timing for the creation and redemption of shares for its exchange traded products as a direct result of Gemini’s Custody Interface preventing Customer from submitting Withdrawal Requests via Proper Instructions, Gemini will cooperate with Customer and will use reasonable efforts to put in place an alternative procedure for Customer to submit requests for withdrawals of Customer’s Assets or fiat currency, including through the date use of General Instructions, so long as Gemini, in consultation with the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you Customer, can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you reasonably determine that such alternative procedure can ask us when you make be processed in a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted secure manner and may be subject to penaltyconsistent with Gemini’s risk management standards.
Appears in 1 contract
Sources: Custodial Services Agreement (VanEck Bitcoin Trust)
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account Online Account records, any of you, acting alone, who signs to open the account Online Account and is therefore an Online Account owner, or who otherwise has authority from an Online Account owner to make withdrawals withdrawals, may withdraw or transfer all or any part of the account Online Account balance at any time, subject to any withdrawal limitations that may be placed on the Online Account. Each of you (until we receive written notice to the contrary) authorizes each other person who signs is an Online Account owner or otherwise has authority from an Online Account owner to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account Online Account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signaturessignatures on, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund funds transfer as defined in the federal Electronic Fund Transfers regulationFunds Transfer Act ("EFTA"), and Federal Reserve Board Regulation E as promulgated pursuant to the EFTA, you waive any requirement of multiple signatures for withdrawal. We may charge your account Online Account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which that you attempt on forms not approved by us, by any method we do not specifically permit, which that is greater in number than the frequency permitted, or which that is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so laterOnline Account. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitationslimitations allowed for each account type. The fact that we may honor withdrawal requests that overdraw the available Online Account balance does not obligate us to do so later. You agree that we may charge fees for overdrafts and use subsequent deposits, including direct deposits of Social Security or other government benefits, to cover such overdrafts and overdraft fees. If we are presented with an item drawn against your Online Account that would be a "substitute check," as defined by law, but for an error or defect in the item introduced in the substitute check creation process, you agree that we may pay such item. See the funds availability policy disclosure Funds Availability Disclosure for information about when you can withdraw funds you deposit. For those accounts Online Accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 seven (7) days’ ' notice in writing before each withdrawal from an interest-bearing account other than a time depositdeposit (e.g. CD account), or from any other savings account as defined by Regulation D. Withdrawals ▇. ▇▇▇▇▇▇▇▇▇▇▇ from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See ▇▇▇▇ Bank's Truth in Savings Disclosure, available at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇, for your notice of penalty for early withdrawal.
Appears in 1 contract
Sources: Online Account Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals You may withdraw part or transfer all of your account’s available balance. We accept no responsibility or obligation, except as required by law, to supervise or review the use of your account. Any authorized agent may withdraw all or any part of the account available balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (regardless of who deposited the funds into the account. Multiple Signatures. Although your signature card or elsewhere in account records) does not in itself require your checks may indicate that more than one signature is required on checks and for the withdrawal or transfer of you funds, that notation is principally for your own purpose. We expressly disclaim a duty to authorize enforce multiple signature requirements. As such, we expressly disclaim a withdrawal. Such a restriction must be explicit. You agree that, as duty to confirm that two or more (or any item that we combination) of authorized users have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive approved any requirement of multiple signatures for withdrawaltransaction. We may charge act upon the instructions or order of any one owner or authorized signer. Restrictions on Withdrawals. Your account may be subject to certain transaction limitations, which are shown in the disclosure provided to you at the time you opened your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actaccount. We may refuse at any withdrawal time and without prior notice to you (except where prior notice is required by law) establish or transfer request which you attempt on forms not approved by us, by change transaction limitations for any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your accountthese limitations are exceeded, your account you will be subject to any charges in effect at the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawaltime. In addition, we may place limitation stop paying interest on an interest-bearing account, or we may close the account until without prior notice to you (except where prior notice is required by law). We also may require you to provide notice before you may withdraw money from certain types of accounts. All checks written on your identity is verifiedaccount must be drawn in U.S. dollars. We may (but are not obligated to) require suitable identification and/or presentation of account ownership records for any withdrawal or account closure. At our discretion, we may require all of your signatures for the withdrawal of funds and/or the closing of any account. We may require noncustomers to present us with suitable identification, including valid photo identification, in connection with the cashing of your checks at one of our offices. Without prior written notice to you, we may place a hold on your account or a portion of your account to cover a claim that we have against your account, or to cover any other indebtedness you have with us or to cover a claim presented to us by a third party. Or, we may pay the source of the claim when we receive any notice, claim, or court order which we believe may affect your account (such as liens, garnishments, attachments, levies, injunctions, or other orders of a court or other governmental agency), regardless of the form or manner in which we receive the notice, claim, or court order and regardless of whether we are a named party to the notice, claim, or court order. We will not less than 7 days’ be responsible for refusing to let you withdraw funds from the account or refusing to pay items presented against the account while the hold is in effect or after we have paid funds to the source of the claim. Conflicting Demands/Disputes. If there is any controversy, dispute or uncertainty regarding the ownership of an account or its funds, there are conflicting demands over its ownership or control, we are unable to determine any person’s authority to give us instructions, or we believe a transaction may be fraudulent or may violate any law, we may refuse to pay any funds to anyone until we are satisfied that the controversy, dispute or uncertainty is resolved, or we may continue to honor the authority of account owners and authorized signers as reflected on our records. Specifically, we may, in our sole discretion: (1) freeze the account and refuse transactions until we receive written proof (in form and substance satisfactory to us) of each person’s right and authority over the account and its funds; (2) refuse transactions and return checks, marked “Refer to Maker” (or similar language); (3) require the signatures of all authorized signers for the withdrawal of funds, the closing of an account, or any change in the account regardless of the number of authorized signers on the account; (4) pay or offer to pay the account balance to a court of appropriate jurisdiction, naming all of the claimants to the account as defendants in an interpleader action (you agree to reimburse us for all expenses we incur in an interpleader action, including attorney’s fees and costs, and we may obtain reimbursement of those expenses from your account without notice to you); and/or (5) continue to honor checks and other instructions given to us by persons who appear as authorized signers according to our records. The existence of the rights set forth above shall not impose an obligation on us to assert such rights or to deny a transaction. We will not be responsible for any damages you may suffer as a result of our refusal to allow you or anyone else to withdraw funds due to the controversy, dispute or uncertainty or our allowing any existing owner or authorized signer to continue to conduct transactions on the account during the controversy, dispute or uncertainty. Legal Process. We may comply with any writ of attachment, execution, garnishment, tax levy, restraining order, subpoena, warrant or other legal process which we believe (correctly or otherwise) to be valid. If we are not fully reimbursed for our record research, photocopying and handling costs by the party that served the process, we may charge such costs to your account, in writing before each withdrawal from an interest-bearing account addition to our minimum legal process fee. You agree to reimburse us for any cost or expense, including attorney fees, which we incur in responding to legal process related to your accounts. We may not pay interest on any funds we hold or set aside in response to legal process. You agree that we may honor legal process that is served personally, by mail, by email, or by facsimile transmission at any of our offices (including locations other than a time depositwhere the funds, records or from any other savings property sought is held), even if the law requires personal delivery at the office where your account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and records are maintained. You acknowledge that accounts opened with trust or fiduciary designations (e.g., “XYZ, Inc. – Client Trust Account”) may be subject to penaltylevies and other legal process against your property unless our records clearly reflect the existence of an express written trust or court order. Photocopies. Checks and other items are sometimes lost during processing or while in transit. If a photocopy of a check or other item that appears to be drawn on your account is presented to us for payment in place of the original, we may pay the photocopy if it is accompanied by a representation from another financial institution that the original item has been lost or destroyed.
Appears in 1 contract
Sources: Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to You may make withdrawals may withdraw by written or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalder. We may charge will subtract your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actwithdrawals from collected funds first. We may refuse any withdrawal or transfer request which you attempt against uncollected funds.
A. If on forms not approved by usany day, by any method we do not specifically permit, which is greater the available funds in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we your Account are not required sufficient to do so later. We may treat continued abuse pay the full amount of the item posted to your Account plus any applicable fees as stated limitations (if any) as your act of closing in the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In additionFee Schedule, we may place limitation on pay or return the account until your identity is verifiedoverdraft. We may require do not less than 7 days’ notice in writing before each withdrawal from have to notify you if your Account does not have sufficient available funds to pay an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and overdraft. Your Account may be subject to penaltya charge for each overdraft regardless of whether we pay or return the overdraft. For ATM and one-time debit card transactions, you must consent to the Credit Union’s overdraft Privilege Pay ser vice plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from the types of transactions. If we exercise our right to pay an overdraft, we do not agree to pay overdrafts in the future and may discontinue covering overdrafts at any time without notice. If we pay an overdraft or impose a fee that overdraws your Account, you agree to pay the overdraft amount in accordance with your overdraft protection plan, or if you do not have such a plan with us, in accordance to our overdraft payment policy. Each party to any of your Accounts will be jointly and severally liable for overdrafts caused by any other party or parties to such Account. In the event that the Credit Union reasonably believes that your use of your Account or Accounts is abusive due to excessive checks drawn or insufficient funds, excessive activity, or otherwise, your Account may be closed.
B. The Credit Union is under no obligation to pay a check, which: (1) was issued more than six (6) months ago; and/or (2) exceeds the balance in the checking account unless this is the type of account which authorizes the payment of overdrafts by: (a) increasing the outstanding loan balance from an approved loan account under this same account number according to the terms of the loan agreement and deposits to this account the proceeds of such loan in any sum necessary (up to maximum stated in loan agreement) to cover the overdrafts. All advances by this method will be in increments of $100; and/or (b) transferring from your primary savings account (or other pre-approved savings accounts) and depositing to this account such transfer in any sum necessary to cover such overdraft(s) up to the available balance in such savings accounts. Transfers will be in increments of $100. The fee for overdraft transfers, if any, is set forth on the Rate and Fee Schedule.
C. Privilege Pay (a discretionary overdraft ser vice). We are not obligated to pay any item presented for payment if your account does not have sufficient collected funds. Rather than automatically returning, unpaid, any non-sufficient funds that you may have, if your eligible checking account (primarily used for personal, family and household purposes) has been open for at least ninety (90) days and thereafter you maintain your account in good standing, which includes at least: (1) continuing to make deposits consistent with your past practices, and depositing at least $300 or more in your account within each thirty (30) day period, (2) you are not in default on any loan obligation to the Credit Union, (3) you bring your account to a positive balance (not overdrawn) at least once every fifteen (15) days, and (4) your account is not subject of any legal or administrative order or levy, we will consider, without obligation on our part, approving your reasonable overdrafts. This discretionary* service will generally be limited to a $300 overdraft (negative) balance for eligible accounts with a recurring monthly direct deposit of at least that amount, or $700 overdraft (negative) balance for eligible accounts with a recurring monthly direct deposit of at least that amount. Our customary fees and charges, including without limitation our insufficient funds/overdraft fees as set forth in our current Rate and Fee Schedules, will be included in these limits and will be charged for each non-sufficient (NSF) item that will or would overdraw your account including, but not limited to, checks, debit drafts (paper), ACH debits, ▇▇▇▇ pay debits, authorized POS (point of sale) purchases, and Credit Union teller cashed checks. We may refuse to pa y a n over draft for you at any time , even though your account is in good standing and even though we m ay have previously paid overdrafts for you. You m ay be notified of any non - sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our in-sufficient funds/overdraft fees that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) owner of the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly liable for such overdrafts plus our in- sufficient funds/overdraft fees.
Appears in 1 contract
Sources: Membership and Account Agreement
Withdrawals. Our banking offices are non-cash facilities (a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other source from which the funds were debited or as we, in our sole and absolute discretion determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
(b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
(c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
(d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse of In order to process your withdrawal request please ensure that the stated limitations (if any) as your act of closing funds, namely the accountrealised balance, or we may at our option reclassify remaining on your account as a transaction accountfollowing your withdrawal is at least twice of your used margin. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be debited from your trading account.
(e) Please refer to the Company’s website for more information on available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltybonuses.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other sources from which the funds were debited or as we, in our sole and absolute discretion, determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse In order to process your withdrawal request please ensure that the funds, namely the realised balance, remaining on your account following your withdrawal responds to the margin requirements of the stated limitations (if any) Company and is at least equal to your Used Margin or as your act of closing is determined by the account, or we may at our option reclassify your account as a transaction accountCompany. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
e) Where the Company requires additional verification document(s) from the Client necessary to fulfil the completion of the withdrawal, the Company reserves the right to reasonably decline the withdrawal request of the Client upon a failure of the provision of the said documents within 5 (five) Business Days from the day the document(s) was/were requested.
f) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open in the account or has authority to make withdrawals space designated for signatures on the signature card, including any agents, may withdraw or transfer all or any part of the account balance at any time, subject to any restrictions provided herein, on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing on the signature card to make withdrawals to indorse endorse any item payable to you or your order for to deposit to this the account or any other transaction with us. Using The fact that we may honor withdrawal requests which overdraw the word “and” to connect the names of co-owners or co-fiduciaries in the finally collected account title (or elsewhere in account records) balance does not in itself require more than one of you obligate us to authorize a withdrawaldo so, unless required by law. Such a restriction must Withdrawals will first be explicit. You agree thatmade from collected funds, as and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalcontrary. We may charge your account for a check even though payment was made before reserve the date of the check, unless we have received written notice of the postdating in time right to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any minimum withdrawal limitationsrequirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations (if any) as your act of closing may eventually force us to close the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitations. See We reserve the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not applyright to, you can ask us when you make a deposit when those funds will be available for withdrawal. In additionat any time, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ seven (7) days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. The maximum cash back withdrawal limit within any Advia Credit Union branch lobby and drive-thru is $1,000 and $500, respectively. Withdrawals from a time account deposit prior to maturity or prior to the expiration of any notice period may be restricted and may be subject to penalty. See the Early Withdrawal Penalties in the TRUTH IN SAVINGS disclosures below. You may deposit funds into any account using any approved method consistent with the conditions set forth by Advia Credit Union's Truth-in-Savings Disclosure. Transfers, checks, drafts and other items may be received for deposits into any of your accounts if they are payable to, or to the order of, one or more account owner(s), even if all payees fail to endorse them. If we choose, we ▇▇▇ ▇▇▇▇▇▇▇ missing endorsements of any owner. If a check, draft, or item that is payable to two or more owners is unclear as to whether it is made out to either or both, we may process that check, draft, or item as though it is payable to either person. When you deposit items into your account you warrant that all prior endorsements are genuine. We reserve the right to verify all endorsements on third party checks presented for payment or deposit either in person or by comparison with member account agreements. If an insurance check, a government check, or other check or draft specifies endorsement requirements on the back of the check or draft, we may require exact endorsement as stated on the item. You are liable for any loss we incur from any delay or processing error due to an incorrect endorsement or other marks made by you or any previous endorser. We may disregard information on the check other than the signature of the drawer and amount of the item and magnetic encoded information. You agree that we do not fail to use ordinary care in paying an item solely because its procedures do not provide for sight examination of items. So long as we exercised reasonable care, we are not liable for handling items for deposit or collections, as we serve only as your agent. We do not claim responsibility for a deposit made by mail or at an Automated Teller Machine until the item is in our possession. We are not liable for any mishandling of any item by another party or its loss in transit. Each separate party will only be liable for its own negligence. We reserve the right to send any item for collection. Items drawn on an institution not located in the United States are exclusively processed on a collection basis. You forgo the right to any notice of nonpayment, presentment, protest, or dishonor regarding the items we buy or acquire for credit or collection to your account. The law permits us to pay items (such as checks or drafts) drawn on your account in any order. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them in the order that they are received. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in the order that we receive them, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees. We are not liable to you if we clear a postdated check prior to the date on the check. However, if you notify us of a postdated check and provide this notice in time for us to be able to act on it, we will treat your notice as a stop-payment order. We are under no obligation to you to pay a check that is more than (6) six months old unless the check has been certified by us.
Appears in 1 contract
Sources: Member Account Agreement
Withdrawals. Our banking offices are non-cash facilities (a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other sources from which the funds were debited or as we, in our sole and absolute discretion, determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
(b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
(c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
(d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse In order to process your withdrawal request please ensure that the funds, namely the realised balance, remaining on your account following your withdrawal responds to the margin requirements of the stated limitations (if any) Company and is at least equal to your Used Margin or as your act of closing is determined by the account, or we may at our option reclassify your account as a transaction accountCompany. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
(e) Where the Company requires additional verification document(s) from the Client necessary to fulfil the completion of the withdrawal, the Company reserves the right to reasonably decline the withdrawal request of the Client upon a failure of the provision of the said documents within 5 (five) Business Days from the day the document(s) was/were requested.
(f) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Generally - Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open in the space designated for signatures on the deposit account or has authority to make withdrawals agreement may withdraw or transfer all or any part of the account balance at any timeanytime. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing the deposit account agreement to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account or any other transaction with us. Using Postdated checks - A postdated check is one which bears a date later than the word “and” to connect date on which the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalwritten. We may properly pay and charge your account for a postdated check even though payment was made before the date of the check, check unless we have received written notice of the postdating in time to have a reasonable opportunity to act. Checks and withdrawal rules - We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, . We may refuse any withdrawal or transfer request which is greater in number than the frequency permitted, permitted or which is for an amount greater or less than any withdrawal limitations. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the Funds Availability Policy disclosure provided elsewhere for information about when you can withdraw funds you deposit. For those accounts to which our Funds Availability Policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. Waivers - Even if we honor a nonconforming requestrequest for withdrawal, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. Notice of withdrawal - We may require not less than 7 days’ days notice in writing before each withdrawal from an interest-interest- bearing account (other than a time deposit). At the present time, or from any other savings account as defined by Regulation D. we do not require such notice. If we do require such notice at some time in the future, we will apply that requirement to all such accounts. Withdrawals from a time deposit account prior to maturity or prior to any notice period may be are restricted and may be subject to penalty. See the early withdrawal penalty information located in the Truth-In-Savings Disclosure. Clearing policy - Each business day your account has transaction activity presented to the Bank; we record account credits (deposits) in your account before consideration of debits (withdrawals). Debit transactions are then recorded such as transactions made with your debit card (at an ATM or through point-of-sale terminals), as well as returned deposits, automated payments, such as ACH debits and ▇▇▇▇ Pay debits, and checks by sequential number order as they are received. The exception to checks clearing by number order will be for checks that are cashed or handled over the counter at our facility; these checks will be paid first. If your account does not have sufficient funds for all of the checks presented, we may return checks to the payee, by returning the checks in the reverse order as they are received. The Bank retains absolute discretion in the payment and/or payment order of checks, and Bank policies may change without notice to you.
Appears in 1 contract
Sources: Online Banking Access Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the our account records, any of you, acting alone, you who signs to open in the account or has authority to make withdrawals appropriate place on the signature card may withdraw or transfer all or any part of the funds in your account. All checks and withdrawal forms used in connection with your account balance at must be on forms obtained through or approved by us. We may refuse any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs check or has authority to make withdrawals to indorse any item payable to you or drawn against your order for deposit to this account or any other transaction with used to withdraw funds from your account if it is not on a form obtained through or approved by us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity verify all information contained on checks and withdrawal forms prior to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawaluse. We may charge debit your account for a check even though payment was made before or other item drawn on your account either on the date day it is presented to us for payment, by electronic or other means, or on the day we receive notice that the check or item has been deposited or cashed at another financial institution, whichever is earlier. We may debit your account for a copy of a check that you have issued, provided we have not already paid the original check at the time the copy is presented for payment. The term "copy" of your check includes an item that is an image of the front and back of the original check that does not meet the requirements of a substitute check as that term is defined in the Check 21 Act. We may determine your balance and make our decision on an insufficient funds item at any time between our receipt of the check, unless item or notice and the time we have received written notice of must return the postdating in item. We are required to determine your account balance only once during this time to have a reasonable opportunity to actperiod. We may refuse accept, pay, or charge checks and other items to your account in any withdrawal order we choose, at our discretion. In particular, the Bank may pay checks and other items in the order of highest dollar amount to lowest dollar amount. The order we choose may result in higher overdraft and insufficient funds fees than other methods. We may establish different priorities or transfer request which categories for checks and other items and process checks and other items according to the priorities we establish. We may change the order that we use to process checks and other items at any time without notice to you. We use an automated process for paying checks and may or may not examine checks or other items and you attempt on forms not approved by us, by any method agree that we have met the standard of care that you expect from us when we pay checks or other items. You also agree that we have exercised ordinary care in paying checks or other items even if we do not specifically permit, which is greater in number than the frequency permitted, examine checks or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so laterother items. We may treat continued abuse enter into or become subject to agreements for electronic presentment, and you agree to be bound by the terms of such agreements and authorize payment of a substitute check or item based upon information describing the check or item rather than physical delivery of the stated limitations (if any) as check or item itself. You agree not to use any restrictive terms or legends on your act of closing the accountchecks, for example but not limited to "must be presented within 90 days" or we may at our option reclassify your account as a transaction account"not valid for more than $1,000". If we reclassify you do so despite the terms of this Agreement, you represent and warrant that the restrictions have been placed for your accountown use, your account will be subject and the Bank is not bound by the restrictions. Subject to the fees and earnings rules of the new account classification. The fact applicable law, you agree that we may honor withdrawal requests that overdraw process such checks regardless of any restriction or legend and without liability for any damages caused by payment of the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltycheck.
Appears in 1 contract
Sources: Deposit Agreement
Withdrawals. Our banking offices a) Without prejudice and subject to the terms of this Agreement, all Applicable Regulations and all conditions attaching to any relevant payments made to you under a bonus or rebate scheme operated by us, funds may be withdrawn by you from your Account provided that such funds are non-cash facilities not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other sources from which the funds were debited or as we, in our sole and absolute discretion, determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
d) If you request a withdrawal of monies from your Account and we cannot comply with it without closing some part of your open positions, we will not be allowed comply with the request until you have closed sufficient positions to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority allow you to make withdrawals may withdraw or transfer all or any part the withdrawal. In order to process your withdrawal request please ensure that the funds, namely the realised balance, remaining on your account following your withdrawal responds to the margin requirements of the account balance Company and is at least equal to your Used Margin or as is determined by the Company. The Company will not accept any timewithdrawal request where the Client has open positions, and this execution will cause the Margin Level to drop below 200%. Each If you have not met the necessary bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account.
e) Where the Company requires additional verification document(s) from the Client necessary to fulfil the completion of you the withdrawal, the Company reserves the right to reasonably decline the withdrawal request of the Client upon a failure of the provision of the said documents within 5 (until we receive written notice to five) Business Days from the contraryday the document(s) authorizes each other person who signs was/were requested.
f) The Client agrees that any bank charges that might occur in case of a withdrawal request equal or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account less than 100 USD/EUR/GBP (or any other transaction with us. Using currency equivalent), derived from the word “and” Client’s trading account to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the client’s designated bank account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to borne by the fees Client.
g) Please see Clause 11 (Bonus and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate itAward Policy) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilised for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other sources from which the funds were debited or as we, in our sole and absolute discretion, determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds. If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
c) If you request a withdrawal of monies from your Account and we do cannot specifically permitcomply with it without closing some part of your open positions, which we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds, namely the realised balance, remaining on your account following your withdrawal responds to the margin requirements of the Company and is greater in number than at least equal to your Used Margin or as is determined by the frequency permitted, or which is for an amount greater or less than Company. The Company will not accept any withdrawal limitations. Even if we honor a nonconforming requestrequest where the Client has open positions, we are not required and this execution will cause the Margin Level to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction accountdrop below 200%. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
d) Where the Company requires additional verification document(s) from the Client necessary to fulfil the completion of the withdrawal, the Company reserves the right to reasonably decline the withdrawal request of the Client upon a failure of the provision of the said documents within 5 (five) Business Days from the day the document(s) was/were requested.
e) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open in the account or has authority to make withdrawals space designated for signatures on the signature card, including any agents, may withdraw or transfer all or any part of the account balance at any time, subject to any restrictions provided herein, on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing on the signature card to make withdrawals to indorse endorse any item payable to you or your order for to deposit to this the account or any other transaction with us. Using The fact that we may honor withdrawal requests which overdraw the word “and” to connect the names of co-owners or co-fiduciaries in the finally collected account title (or elsewhere in account records) balance does not in itself require more than one of you obligate us to authorize a withdrawaldo so, unless required by law. Such a restriction must Withdrawals will first be explicit. You agree thatmade from collected funds, as and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawalcontrary. We may charge your account for a check even though payment was made before reserve the date of the check, unless we have received written notice of the postdating in time right to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any minimum withdrawal limitationsrequirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations (if any) as your act of closing may eventually force us to close the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitations. See We reserve the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not applyright to, you can ask us when you make a deposit when those funds will be available for withdrawal. In additionat any time, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ seven (7) days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account Savings Account as defined by Regulation D. The maximum cash back withdrawal limit within any Advia Credit Union branch lobby and drive-thru is $1,000 and $500, respectively. Withdrawals from a time account deposit prior to maturity or prior to the expiration of any notice period may be restricted and may be subject to penalty. See the Early Withdrawal Penalties in the Truth- In-Savings disclosures below. You may deposit funds into any account using any approved method consistent with the conditions set forth by Advia Credit Union’s Truth-in-Savings Disclosure. Transfers, checks, drafts and other items may be received for deposits into any of your accounts if they are payable to, or to the order of, one or more account owner(s), even if all payees fail to endorse them. If we choose, we may furnish missing endorsements of any owner. If a check, draft, or item that is payable to two or more owners is unclear as to whether it is made out to either or both, we may process that check, draft, or item as though it is payable to either person. When you deposit items into your account you warrant that all prior endorsements are genuine. We reserve the right to verify all endorsements on third party checks presented for payment or deposit either in person or by comparison with member account agreements. If an insurance check, a government check, or other check or draft specifies endorsement requirements on the back of the check or draft, we may require exact endorsement as stated on the item. You are liable for any loss we incur from any delay or processing error due to an incorrect endorsement or other marks made by you or any previous endorser. We may disregard information on the check other than the signature of the drawer and amount of the item and magnetic encoded information. You agree that we do not fail to use ordinary care in paying an item solely because its procedures do not provide for sight examination of items. So long as we exercised reasonable care, we are not liable for handling items for deposit or collections, as we serve only as your agent. We do not claim responsibility for a deposit made by mail or at an Automated Teller Machine until the item is in our possession. We are not liable for any mishandling of any item by another party or its loss in transit. Each separate party will only be liable for its own negligence. We reserve the right to send any item for collection. Items drawn on an institution not located in the United States are exclusively processed on a collection basis. You forgo the right to any notice of nonpayment, presentment, protest, or dishonor regarding the items we buy or acquire for credit or collection to your account. Your account has two kinds of balances: the actual balance and the available balance. We use the available balance to determine whether a transaction will overdraw your account, be returned, or declined and for determining when an overdraft (Courtesy Pay) or NSF (Returned Item) fee will be imposed. Your actual balance reflects transactions that have posted to your account but not transactions that have been authorized and are pending. Your available balance represents your actual balance minus any holds on your account, such as debit card transactions that have been authorized but are pending final settlement or holds for checks you have deposited. We may determine the available balance in your account for the purpose of deciding whether to return an item for insufficient funds or pay an overdraft at any time between the times we receive the item and when we return or pay the item. We need only make one determination, but if we choose to make a subsequent determination, the available balance at the subsequent time will determine whether there are sufficient available funds. This is important as certain transactions, including debit card transactions, may be authorized for payment (via an authorization hold); however, those transactions may still result in an overdraft if the transaction exceeds the account’s available balance when the transaction posts to the account. The fact that an authorization hold was placed on your available balance does not mean the funds are set aside and made available to pay the specific transaction authorized. Rather, the hold is simply a reduction in your available balance based on the fact that we have authorized a transaction and, thus, are obligated to pay the transaction when posted. You are responsible for ensuring your available balance is sufficient to cover all of your transactions. You can review your actual and available balances when you review your account online, at an ATM, by phone, by mobile application, or at a branch. For additional information on your available balance, please review the Courtesy Pay Overdraft Protection and Your Account program description and contact us if you have any questions. The law permits us to pay items (such as checks or drafts) drawn on your account in any order. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them in the order that they are received. The order in which items are paid is important if the available balance in the account is insufficient to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without an available balance in your account which is sufficient to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). You agree we may charge a Returned Item fee each time an item is presented for payment even if the same item is presented for payment multiple times. The amounts of the overdraft (Courtesy Pay) and NSF (Returned Item) fees are disclosed in our Service Charges. By paying items in the order that we receive them, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts or conducting other transactions when the available balance is insufficient and incurring the resulting fees. We are not liable to you if we clear a postdated check prior to the date on the check. However, if you notify us of a postdated check and provide this notice in time for us to be able to act on it, we will treat your notice as a stop-payment order. We are under no obligation to you to pay a check that is more than six (6) months old unless the check has been certified by us.
Appears in 1 contract
Sources: Account Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals You may withdraw or transfer all or any part of the account balance of your Account at any time. Each You are solely responsible for the tax treatment of any withdrawals from the Account, whether made by Check, Debit Card or third party transfer from your Account. If available on your Account, we may provide you (until we receive written notice or an authorized user with Checks to the contrary) authorizes each other person who signs enable you or has authority an authorized user to make withdrawals withdrawals. You understand that we will not return original Checks to indorse you. Processed Check images will be made available to you on our Web site. We are not responsible for actions taken by other banks, or for the loss or destruction of any item payable Checks, drafts or other instruments in the possession of other banks or in transit. We may return unpaid any Check on your Account which is not on a form we provided to you or an authorized user, or which is presented to us before its date. We will not be responsible for paying or certifying postdated Checks on Accounts. You may ask us in writing to stop payment on a Check drawn on your order for deposit to this account or any other transaction with Account which has not yet been paid by us. Using We will honor any written stop payment request from you which is received by us at least two business days before the word “and” Check is presented to connect us for payment. The stop payment order must specify the names exact amount of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree thatCheck, as to any item that we have no opportunity to examine the signaturespayee, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the checkCheck, unless the number of the Check and your Account number. We will honor the stop payment request for six months. If available on your Account, you also may request us to issue a Debit Card to you and to any authorized user on the Account, which will enable you and such authorized user to pay for purchases from your Account. You authorize us to debit your Account to pay for transactions made with your Debit Card or a Debit Card issued to an authorized user on your Account. You agree that in addition to this Agreement, the use of a Debit Card by you or any authorized user on your Account is subject to the terms and conditions of the Card Agreement which has been provided to you and which is incorporated herein by reference. Unless otherwise directed by you in accordance with the notice provisions herein below, we will, where applicable, withdraw required payment amounts from the balance in your Account and apply such amounts to any line of credit granted to you by us in accordance with your election under such line of credit agreement. This authorization shall remain in effect until revoked at any time by you by giving ten (10) days prior written notice to Bank at OptumHealth Bank, ▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. You understand that we may continue to make required line of credit payments pursuant to this authorization until expiration of said ten (10) day notice period. THIRD-PARTY TRANSFERS You may authorize us, from time to time, on your behalf, to make transfers of funds to third parties in the amounts specified by you, and to debit your Account for the amount of each such payment we make. You understand we will also debit your Account for the applicable service charge which is then in effect, and which we may change from time to time. You understand that in performing this service, we will make these payments by Check or draft, and that we will be acting as your agent in making such payments. We will not be liable for any errors or delays in making any such payment, except for errors or delays caused by our gross negligence, or for our inability to make any payment due to circumstances beyond our control or if there are insufficient funds in your Account with which to make the payment. INSUFFICIENT BALANCE You must maintain a balance in your Account which is sufficient to cover all Checks you write, Debit Card transactions you make, and transfers you authorize us to make on your behalf. If there are insufficient funds in your Account to cover any such Check or Debit Card transaction or transfer, we may refuse to honor the Debit Card transaction or transfer, or return the Check without paying it, as the case may be. If we make a transfer or pay a Check or Debit Card transactions against insufficient funds or uncollected balances, you agree, promptly on demand, to pay to us the amount by which the Check exceeds the funds in your Account. You may be charged interest at our rates in effect from time to time on the insufficient balance for each day it is outstanding, and the fee specified on our Schedule of Fees. You authorize us to liquidate Investments, at our discretion, to cover any insufficient funds in your Account. ELECTRONIC SIGNATURES In the event that we have received written notice your electronic signature in connection with your Account Application, we may rely on such electronic signature for purposes of the postdating in time your authorization of withdrawals or third party transfers, your notices to have a reasonable opportunity change your name or address or your other instructions to actus. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so laterobtain your physical signature for such purposes or any other purpose, except as may be required by law. OTHER INFORMATION AND CHANGE OF NAME OR ADDRESS Subject to ordinary care and usual practices, we are entitled to rely upon information we receive with respect to your HSA, including the information contained in the Application, and have no obligation to make further investigation, except as required by law. You agree to notify us promptly, in writing, if you change your name or address by calling customer service and requesting an address change form. You agree to immediately notify us of any changes in the information provided to us that we rely on in connection with your Account. You agree to provide us with any necessary information we may need to prepare reports required by the Code or other laws and regulations. CHANGES IN THIS AGREEMENT The rights, duties and obligations of both you and us with regard to your HSA are governed by this Agreement and the Card Agreement, as they may be amended from time to time. We may treat continued abuse amend this Agreement at any time. We will provide prior notice of the stated limitations (if any) as your act of closing the account, or any amendments when we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us are required to do so laterby law. We will use Additionally, the date Bank, reserves the transaction right to assign your HSA without your prior consent, provided that such assignee is completed by us (qualified under the Code to be an HSA custodian or trustee. Upon any assignment of this Agreement, the assignee shall automatically become custodian of the Account if it is qualified under the Code, to serve as opposed to the date you initiate it) to apply the frequency limitationsan HSA custodian or trustee. See the funds availability policy disclosure You acknowledge that such assignment may result in loss of FDIC insurance coverage for information about when you can withdraw funds you deposit. For those accounts any HSA balances for which our funds availability policy disclosure does not apply, you can ask us when you make such assignee becomes a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, custodian or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltytrustee.
Appears in 1 contract
Sources: Custodial and Deposit Agreement
Withdrawals. Our banking offices are non-cash facilities (a) Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, funds may be withdrawn by any method you from your Account provided that such funds are not being utilized for margin purposes or have otherwise become owing to us. Once your withdrawal request is approved, your withdrawal request will be processed by us and sent for execution to the same bank, credit card provider or other source from which the funds were debited or as we, in our sole and absolute discretion determine, as soon as possible. Withdrawals will only be made at a source in your name. Note that some ▇▇▇▇▇ and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction.
(b) Please note that a client's failure to complete the Company's due diligence procedure to the Company's satisfaction may affect the client's ability to withdraw his funds.
(c) If you have a joint trading Account, payments from your Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. Please refer to Clause 9 (Customer Accounts and Initial Deposits), under “Joint Accounts” for additional information.
(d) If you request a withdrawal of monies from your Account and we do cannot specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming requestcomply with it without closing some part of your open positions, we are will not required comply with the request until you have closed sufficient positions to do so laterallow you to make the withdrawal. We may treat continued abuse of In order to process your withdrawal request please ensure that the stated limitations (if any) as your act of closing funds, namely the accountrealised balance, or we may at our option reclassify remaining on your account as a transaction accountfollowing your withdrawal is at least twice of your used margin. If we reclassify your account, your account will be subject to you have not met the fees and earnings rules of necessary bonus trading requirements at the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when time you make a deposit when those funds withdrawal request the bonus will be available debited from your trading account.
(e) Please see Clause 11 (Bonus and Award Policy) for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltymore information.
Appears in 1 contract
Sources: Client Agreement
Withdrawals. Our banking offices are non-cash facilities Except as provided herein and subject to Exhibit 2 (Transaction Limits) and Section VII(B) (Transfer Limitations), you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to may make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice from your Account up to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse available balance in your Account by any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item means that we have no opportunity make available to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actyou. We may refuse any a withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw exceeding the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when in your Account even if you make a deposit when those funds will be later in the business day after we refuse your withdrawal request. If your available for withdrawal. In additionbalance is not enough to pay a transaction you make, we may place limitation on assess an insufficient or unavailable funds fee, regardless of whether we pay the account until your identity is verifiedtransaction. We may allow withdrawals at any time, but reserve the right to require seven (7) days written notice of intention to withdraw funds from your Account if your Account is a negotiable order of withdrawal (NOW) account. You are not less than 7 days’ permitted to make withdrawals from your Account by creating a check drawn on your Account. If you attempt to make any transactions with your Account using a credit, debit, gift or other type of card issued by a third party or another bank or by creating a check drawn on your Account, we may reject and/or return the transaction without notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted you and may consider such action to be a violation by you of this Agreement. Before allowing a transaction, we may request you to provide us with identification, authorization, documentation or other information that we deem necessary. We may refuse a withdrawal if you fail to comply with our request. We may tell you in advance when we are going to refuse a withdrawal request but will not be required to do so. Subject to the terms set forth in Section III (A) (Debit Card) and Exhibit 2 (Transaction Limits), you may also withdraw funds from certain ATMs. Other third−party fees may also apply to out−of−network ATM transactions. Please refer to Section III (A) (Debit Card) and the Fee Schedule for additional information. All withdrawals are subject to penaltylimitations set forth in Exhibit 2 (Transaction Limits) and VII(B) (Transfer Limitations).
Appears in 1 contract
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account recordsGenerally, any of you, acting alone, who signs to open the account Account holder or has authority to make withdrawals Authorized Signer on an Account may withdraw or transfer all or any part of the account available balance in the Account at any time. Each Your available balance is the balance in your Account after deducting 1) deposits that are not yet available for withdrawal under our Funds Availability Disclosure, 2) pending transactions (such as debit card purchases) that the Bank has authorized but have not yet been paid from your Account, and 3) any holds on your Account. The available balance does not reflect all of your outstanding Checks, automatic bill payments (including ACH and recurring debit card transactions) or other transactions that you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make have authorized but have not yet been paid from your Account. Additional restrictions on withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries from Accounts are stated in the account title (Deposit Account Disclosures. Only one signature is required for withdrawals from any Account even if the signature card for the Account or elsewhere in account records) does not in itself require other documents state that more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item signature is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actrequired. We may refuse any withdrawal or transfer request which you attempt that is not on forms not approved required by usthe Bank, is by any a method we do not specifically permit, which is greater in number than exceeds the frequency permittedlimitations, or which is for an amount greater or less than any withdrawal limitations. Even We may close your Account for transactions that do not follow these requirements, even if we honor a nonconforming request, we are not required to do so laterpermit some of these transactions. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to us, not the date you initiate it) , to apply determine the frequency limitationsof transactions. We may pay any Item drawn against your Account that would be a substitute check if it did not contain an error or defect. See the funds availability policy disclosure our Funds Availability Disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until into your identity is verifiedAccount. We may require not less than 7 days’ advance notice in writing before each withdrawal of large cash withdrawals and may require that you provide adequate security when you accept the cash. Under Federal regulations, we may also require seven days prior written notice for withdrawals from an interest-bearing account Account other than a time deposit, or from any other savings account as defined by Regulation D. demand deposit Account. Withdrawals from a time account certificate of deposit prior to maturity or prior to any notice period may be restricted and may be subject to penaltya penalty as provided in the Deposit Account Disclosures or the pre-maturity notice you received prior to renewal of your CD. We generally process Items drawn on your Account on the Business Day they are received by us, in the following order: First, we will process wire transfers, debit card transactions, ATM withdrawals, cash withdrawals made at one of our branches and checks drawn on your Account that are cashed at one of our branches; and Second, we will post checks not included above, ACH transactions and CIBC NetBanking bill payment transactions. Within each of these categories, Items without serial numbers will be paid in the order that we receive them. Checks with check numbers will be paid in check number order, from the lowest number to the highest number. The order in which Items are paid is important because it may result in Overdraft Fees or Non-Sufficient Funds (NSF) Fees if you do not have sufficient funds available in your Account to pay the Items.
Appears in 1 contract
Sources: Consumer Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Rules and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilised for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary, bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Stock Related Payouts on CFDs Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as that is when the economic effect is felt on the underlying share price. Meta Trader 4 Trading Account Archiving If we do not specifically permitrecord any activity in your Meta Trader 4 Trading Account during a continuous period of three (3) months and you have a zero-account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Meta Trader 4 Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountMeta Trader 4 Trading Account or restore it in the future, your account will be subject to please contact us at electronically via email. Inactive and Dormant Account The Customer acknowledges and confirms that any trading account(s), held with The Company by a The Company Customer where the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 1 contract
Sources: Retail Client Agreement
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilised for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary, bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. 19 Payments on Stock Splits, Reverse Stock Splits, Stock Dividends, and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Leverate Technologies Limited and MT4 and MT5 Trading Account during a continuous period of three (3) months and you have a zero-account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Leverate Technologies Limited and MT4 and MT5 Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountLeverate Technologies Limited and MT4 and MT5 Trading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with The Company by a The Company Customer where the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 1 contract
Sources: Client Service Agreement
Withdrawals. Our banking offices are non-cash facilities and you i. Upon submission of a Withdrawal Request via the Custody Interface, all Authorized Persons will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part receive an email notification informing them of the account balance at any timeWithdrawal Request. Each of you An Authorized Person (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor Authorized Person who initiated the Withdrawal Request) must then approve the Withdrawal Request via the Custody Interface (a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account“Withdrawal Confirmation”).
ii. If we reclassify your accountonly one Authorized Person is designated on a Gemini Account, your account a Withdrawal Request will be approved following a new or recently successful multi-factor authentication.
iii. Once a Withdrawal Confirmation has been made, Customer’s Withdrawal Request will be processed, and the Digital Assets subject to the fees and earnings rules Withdrawal Request shall be Delivered to the destination Blockchain Address specified therein, within one Business Day of the new account classificationnext Cut-Off-Time. The fact If a Withdrawal Request is made (i) by the ETP Redemption Cut-Off Time on a Business Day, (ii) in connection with a redemption of shares for Customer’s exchange traded product, and (iii) the Delivery of Digital Assets for such Withdrawal Request is to the Gemini Account of a Person that we has signed and executed an agreement with Customer to be an “Authorized Participant” with respect to Customer’s exchange traded product, then the Digital Assets subject to such Withdrawal Request shall be Delivered to the destination Blockchain Address specified therein, by the next of the Business Day from the Business Day when such Withdrawal Request was submitted.
iv. Customer agrees and understands that with respect to Proper Instructions, Gemini cannot authenticate whether or not such Proper Instructions originated from an Authorized Person. Customer further agrees and understands that ▇▇▇▇▇▇ has the right to refuse to execute any Withdrawal Request that it believes may honor withdrawal requests be in violation of any Applicable Laws and Regulations, in which case Gemini will promptly notify the Customer unless legally prohibited from doing so. Customer agrees and understands that overdraw ▇▇▇▇▇▇ may rely upon any action that it believes in good faith and in a commercially reasonable manner to have been taken by an Authorized Person in a manner authorized by this Agreement.
v. Digital Assets withdrawals will typically be processed at the available account balance does not obligate us speed of a Digital Asset network. In certain situations, Digital Asset withdrawals may be delayed in connection with Downtime or the congestion or disruption of a Digital Asset network.
vi. If Customer is unable to do so later. We meet requirements under Applicable Law and Regulations or its operating agreements related to the timing for the creation and redemption of shares for its exchange traded products as a direct result of Gemini’s Custody Interface preventing Customer from submitting Withdrawal Requests via Proper Instructions, Gemini will cooperate with Customer and will use reasonable efforts to put in place an alternative procedure for Customer to submit requests for withdrawals of Customer’s Assets or fiat currency, including through the date use of General Instructions, so long as Gemini, in consultation with the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you Customer, can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you reasonably determine that such alternative procedure can ask us when you make be processed in a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted secure manner and may be subject to penaltyconsistent with Gemini’s risk management standards.
Appears in 1 contract
Sources: Custodial Services Agreement (VanEck Ethereum Trust)
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilised for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary, bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, the Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex-dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Meta Trader 4 Trading Account during a continuous period of three (3) months and you have a zero-account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Meta Trader 4 Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountMeta Trader 4 Trading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with The Company by a The Company Customer where the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 1 contract
Sources: Retail Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed Any Holder having notified or directed the Company to include any or all of such Holder's Registrable Securities in a registration statement pursuant to Section 2(a) or 2(b) hereof shall have the right to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, such notice or direction with respect to any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive Registrable Securities designated for registration thereby by giving written notice to such effect to the contraryCompany at least five business days prior to the anticipated effective date of such registration statement. In the event of any such withdrawal, the Company shall amend such registration statement and take such other actions as may be necessary so that such withdrawn Registrable Securities are not included in the applicable registration and not sold pursuant thereto, and such withdrawn Registrable Securities shall continue to be Registrable Securities in accordance herewith. No such withdrawal shall affect the obligations of the Company with respect to Registrable Securities not so withdrawn; provided, however, that in the case of a registration pursuant to Section 2(a) authorizes hereof, if such withdrawal shall reduce the total number of Registrable Securities to be so registered to less than the lesser of (i) 50,000 shares (as adjusted for stock splits, stock dividends, combinations, reorganizations, reclassifications and other similar events) or (ii) such number of shares as have a total market value (or, if there is no existing public market, a proposed maximum aggregate offering price to be set forth on the facing page of the applicable registration statement) of $3 million, then the Company shall, prior to the filing or effectiveness, as appropriate, of such registration statement, give each other person who signs or has authority Holder of Registrable Securities so to make withdrawals to indorse any item payable to you or your order for deposit be registered notice, referring to this account Agreement, of such fact and, within ten business days following the giving of such notice, either the Company or any other transaction with us. Using the word “and” Holders of a majority of such Registrable Securities may, by written notice to connect each Holder of such Registrable Securities and the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree thatCompany, as the case may be, elect that such registration statement not be filed or, if it has theretofore been filed, that it be withdrawn. During such ten business day period, the Company shall not file such registration statement or, if it has theretofore been filed, shall use its reasonable best efforts not to permit it to become effective. In the event of any item that we have election contemplated by the proviso to the next preceding sentence, no opportunity registration statement with respect to examine Registrable Securities shall thereafter be filed with the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date SEC without compliance with all of the check, unless we have received written notice of the postdating procedures set forth in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if anySection 2(a) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltyhereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Seachange International Inc)
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless otherwise clearly indicated otherwise to the contrary, any one of you who signs in the space designated for signatures on the account recordssignature card, any of youincluding anyone signing in a representative capacity, acting alone, who signs have the right to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any timetime on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing on the signature card to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account account, to receive cash, or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge against your account for a check check, even though payment was made before the date of the check, unless we you have received given us written notice of the postdating in time postdating. The fact that we may honor withdrawal requests which overdraws the finally collected account balance does not obligate us to have a reasonable opportunity do so, unless required by law. Withdrawals will first be made from collected funds, and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to actthe contrary. We may reserve the right to refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any minimum withdrawal limitationsrequirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations state limitation (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate eventually force us to do so laterclose this account. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitationslimitation. We reserve the right to require you to notify us of your intention to withdraw funds from this account as explained in our bylaws. Additional withdrawal limitation may be disclosed elsewhere. See the funds availability policy disclosure you notice of penalties for information about when early withdrawal. ACH and Wire Transfers – If you can withdraw funds you deposit. For those accounts originate a fund transfer for which our funds availability policy disclosure does not applyFedwire is used, and you can ask us when you make identify by name and number a deposit when those funds will be available for withdrawal. In additionbeneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may place limitation rely on the account until your identity is verifiedidentifying number to make payment. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing rely on the number even if it identifies a financial institution, person or account other than a time depositthe one named. You agree to the bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from any other savings you in the amount credited to your account as defined and the party originating such payment will not be considered to have paid the amount so credited. If we receive a credit to an account you have with us by Regulation D. Withdrawals from a time account prior wire or ACH we are not required to maturity or prior to give you any notice period may be restricted and may be subject to penaltyof the payment order or credit.
Appears in 1 contract
Sources: Terms of Membership Agreement
Withdrawals. Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless otherwise clearly indicated otherwise to the contrary, any one of you who signs in the space(s) designated for signatures on the signature card or account recordsapplication, including any of yourepresentative agents, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any timetime on the forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority signing on the signature card to make withdrawals to indorse endorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge against your account for a check check, even though payment was made before the date of the check, unless we you have received given us prior written notice of the postdating postdating. The fact that we may honor withdrawal requests which overdraw the finally collected account balance does not obligate us to do so, unless required by law. Withdrawals will be in time the order that items are presented to have a reasonable opportunity us and will first be made from collected funds and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds even if our general practice is to actthe contrary. We may reserve the right to refuse any withdrawal or transfer request which you attempt on forms not approved by us, is attempted by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any minimum withdrawal limitationsrequirement, or which exceeds any frequency limitation. Even if we honor a nonconforming non-confirming request, we are not required to do so later. We may treat continued repeated abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate eventually force us to do so laterclose this account. We will use the date the a transaction is completed by us (as opposed to the date day you initiate it) to apply the frequency limitations. See We reserve the funds availability policy disclosure right to require you to notify us of your intention to withdraw shares or deposits from this account as explained in our bylaws. OWNERSHIP OF ACCOUNT & BENEFICIARY DESIGNATION - Ownership and beneficiary designation of this account is governed by the Membership Agreement for information about when the membership used to establish this account. DEPOSITS - Any items, other than cash, that are accepted for deposit (including items drawn “on us”) will be given provisional credit only until collection is final (and actual credit for deposits of, or payable in, foreign currency will DIVIDENDS - We are prohibited by law from guaranteeing the payment of dividends or that dividends we do pay will be at the disclosed rate. We must base our dividend payments to you can withdraw funds you depositupon the money we actually earn and that is available for distribution at the end of a dividend period. For those accounts for which our funds availability policy disclosure does not applyMONEY MARKET SHARE DRAFTS - Unless otherwise agreed, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity waive any right to receive any original item after it is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penaltypaid.
Appears in 1 contract
Sources: Money Market Account Agreement
Withdrawals. Our banking offices You may make withdrawals from your Account in any manner that is permitted by Bank for the type of Account you have opened. Withdrawals by mail will be posted to your Account as of the day the transaction is processed by Bank. The Bank may refuse to accept any check other than standard checks provided by Bank, or approved by Bank in advance. Withdrawals and transfers from your Account may be restricted as provided in this Agreement, in the Schedule, or by applicable law and are subject to the Funds Availability Policy Disclosure section of this Agreement When processing checks drawn on your Account, the Bank’s policy is to pay them in check number order. Lower numbered checks are paid first. Items without check numbers, such as electronic transactions, post first before checks presented are processed. The order in which items are paid is important if there is not enough money in your Account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. The Bank’s policy attempts to attain a reasonable balance between minimizing additional cost to you and paying your more important items, given the assumption you desire to have checks paid in the order you wrote them. If an item is presented without sufficient funds in your Account to pay it, Bank may, at its discretion, pay the item (creating or increasing an overdraft) or return the item for non-cash facilities sufficient funds (“NSF”). The Bank may charge fees for overdrafts and NSF and such fees are disclosed in the Schedule. The Bank encourages you to make careful records and practice good Account management. This will not be allowed help you to withdraw currency at our office locationsavoid creating items without sufficient funds and incurring the resulting fees. Unless clearly indicated otherwise Any signer on the account records, any of youAccount, acting alone, who signs to open has the account or has authority to make withdrawals may withdraw or transfer transfers of all or any part of the account Account balance at any time. Each of you Account owner (until we receive ▇▇▇▇ receives written notice to the contrarycontrary and Bank has had a reasonable opportunity to act on such written notice) authorizes each other person who signs or has authority to make withdrawals withdrawals, as documented on the applicable signature card, to indorse endorse any item payable to you or your order for deposit to this account the Account or any other transaction with usBank. Using Each Account owner also agrees to be jointly and severally liable for any Account shortage resulting from charges or overdrafts, whether caused by you or another with access to the word “and” Account. This liability is due immediately, and can be deducted directly from the Account balance whenever sufficient funds are available. You have no right to connect defer payment of this liability, and you are liable regardless of whether you signed the names of co-owners item or co-fiduciaries benefited from the charge or overdraft. Bank does not have to allow you to make a withdrawal from your Account if you do not have sufficient available funds in the account title Account to cover the full amount of the withdrawal. Bank will post non- check debits in ascending dollar amount order and then post check withdrawals received on a single business day. Bank posts checks received on a single business day against your Account in check number order. Checks presented in person at one of Bank’s branches will post in ascending check number order prior to checks clearing through nightly processing, which will also be processed in ascending check number order. Bank may pay other withdrawals or debit items (such as charges) prior to paying any checks and the method of payment for the other withdrawals and debit items may be in any order and at its sole discretion. If there are insufficient available funds to cover some of the withdrawals or elsewhere debits presented against your Account, such items will be handled in account records) does accordance with Bank’s overdraft procedures and applicable law. Even if Bank chooses to pay one or more overdrafts, it is not obligated to cover any future overdrafts. Bank may determine the balance of your Account in itself require connection with determining whether payment of an item will create an overdraft at any time between the time the Bank receives the item and the deadline for Bank to take action on the item. Bank is not required to determine your Account balance more than one of you (1) time during this period. Fees may apply to authorize a withdrawaloverdrafts and, if applicable, will be posted in accordance with the terms outlined in the Schedule. Such a restriction must A fee may be explicit. You agree that, as to assessed on any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does Account balance, regardless of whether Bank pays or dishonors (return) the item. If Bank pays the item, it may charge an NSF Item Paid Fee. If Bank returns the item, it may charge an NSF Item Return Fee. You agree, immediately upon notice from Bank, to deposit funds sufficient to cover any overdraft plus NSF fee, if required. Bank will not obligate us be liable for the dishonor of any item when the dishonor occurs because it set off a debit against your Account. Bank may also refuse to do so later. We will use allow a withdrawal if there is a dispute about the date Account (unless a court has ordered Bank to allow the transaction withdrawal), the Account is completed by us (garnished or attached, the Account has been pledged as opposed to collateral for a debt, the date you initiate it) to apply the frequency limitations. See availability of the funds availability policy disclosure for information about when on deposit cannot be verified, any required documentation has not been presented, or you can withdraw funds fail to repay an obligation to Bank on time. Federal regulations allow Bank to retain the right to require you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 to give at least seven (7) days’ notice in writing before each prior to any intended withdrawal from an a savings, negotiable order of withdrawal (“NOW”), personal interest-bearing account other checking or money market account. Although Bank usually pays withdrawals or checks without notice on these Accounts, by doing so in no way serves as a waiver of this right. Bank reserves the right to pay or dishonor a check more than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.six
Appears in 1 contract
Sources: Deposit Account Agreement
Withdrawals. Our banking offices are non-cash facilities You may perform and you will not be allowed to withdraw currency at our office locationsauthorize withdrawals from your Account. Unless clearly indicated otherwise on the account records, any Any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity not failed to examine exercise ordinary care solely because we use an automated system to process items and do not inspect all items processed in such a manner. We reserve the signatures, such as right not to inspect each item because using an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, automated process helps us keep costs down for you waive any requirement of multiple signatures for withdrawaland all account holders. We may charge determine the amount of available funds in your account for the purpose of deciding whether to return an item for insufficient funds at any time between the times we receive the item and when we return the item or send a check even though payment was made before the date notice in lieu of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to actreturn. We may refuse any withdrawal or transfer request which you attempt on forms not approved by usneed only make one determination, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even but if we honor choose to make a nonconforming requestsubsequent determination, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so laterat the subsequent time will determine whether there are insufficient available funds. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. Notice of Withdrawal - We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals ▇. ▇▇▇▇▇▇▇▇▇▇▇ from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal. FACSIMILE SIGNATURES - You authorize us, at any time, to charge you for all checks, drafts, or other orders, that are drawn on us regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen you have provided to us. AVAILABLE BALANCE - Your account is “overdrawn” whenever your “Available Balance” is less than zero. An “overdraft request” is a transaction (such as a check, an ATM or POS transaction, an ACH transaction, or other withdrawal, transfer or debit) that is submitted to us for payment when your account is overdrawn or would be overdrawn if we paid the transaction and “posted” it to your account (whether or not we in fact pay it). Your Available Balance includes deposits to your account that have become available for use under KleinBank’s “Funds Availability Policy.” Your Available Balance is reduced by the dollar amount of ATM and debit card transactions we authorize (before the related item is submitted to us for payment and posted to your account) and by other withdrawals and debits we post to your account. We make adjustments to your Available Balance from time to time. For example, we adjust your Available Balance if a check you deposit is returned to us unpaid. Your Available Balance depends on when and how you make deposits. See the “Funds Availability” section of this booklet for a full explanation. When we authorize an ATM or debit card transaction, we are required to complete the transaction when it is presented to us for payment. Therefore, while it generally takes up to five calendar days after we authorize these transactions for them to be submitted to us for payment and posted to your account, we reduce your Available Balance when we authorize them. For debit card transactions, we then adjust your Available Balance if the transaction ultimately presented to us differs from the amount we authorized or was not previously authorized. We also adjust your Available Balance if a debit card transaction we authorized is not submitted to us for payment within one calendar day, and will adjust your Available Balance again if and when the transaction is submitted to us for payment. We reduce your Available Balance for checks, ACH debits, account fees, or other debits at the time they are presented to us for payment. NSF/OVERDRAFTS - We may refer to the fee charged when your account is overdrawn as an “NSF Fee” or “Unavailable Funds Fee.” See our Schedule of Miscellaneous Services and Fees for the amount of the NSF/Overdraft Fee. To avoid NSF/Overdraft Fees, you are responsible at all times for keeping track of all your transactions and making sure your Available Balance is sufficient to cover all your transactions. Subject to the terms of a discretionary overdraft service you have with us, we will charge you an NSF/Overdraft Fee each time: (1) an item is submitted to us for payment from your Account when, at the time of posting, your Account is overdrawn or would be overdrawn if we paid the item (whether or not we in fact pay it); or (2) we return, reverse, or decline to pay an item for any other reason authorized by the Terms and Conditions of your account. For these purposes, an item includes a check, an ATM or debit card transaction, an ACH transaction, or other withdrawal, transfer or debit. Your account is overdrawn if your Available Balance is less than zero. We will charge an NSF/Overdraft Fee as provided in this section regardless of the number of times an item is submitted or resubmitted to us for payment, and regardless of whether we pay the item or return, reverse, or decline to pay the item. We will not authorize ATM and non-recurring debit card (POS) transactions that appear to exceed your Available Balance and any remaining credit you have through a discretionary overdraft service unless you affirmatively consent, or “opt-in” to our authorization and payment of these transactions. We have given you or will give you a separate notice describing this opt-in process. Please note that even if you do opt-in, we do not have to authorize any such transactions. BALANCE BACKUP - Balance Backup is a discretionary overdraft service. A fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal and one-time Debit Card transactions (if you have authorized us to pay these transactions), recurring Debit Card transactions or other electronic means. We are not obligated to pay any item presented for payment if your account does not contain sufficient collected funds. Rather than automatically returning, unpaid, any non-sufficient funds items that you may have, if your eligible account (primarily used for personal and household purposes) is maintained in good standing, which includes at least: (A) continuing to make deposits consistent with your past practices, and depositing at least $500 or more in your account within each thirty (30) day period, (B) you are not in default on any loan obligation to the Bank, and (C) your account is not the subject of any legal or administrative order or levy, we will consider, without obligation on our part, approving your reasonable overdrafts. You should bring your checking account to a positive balance as soon as possible. To keep your account in good standing, you have 30 days to pay an overdraft and associated fees. This discretionary* service may be added or removed at any time. Of course, any and all fees and charges, including without limitation our non-sufficient funds/overdraft fees (as set forth in our fee schedules) will be included in this limit and will apply to any transaction that overdraws your account including, but not limited to, payments authorized by Checks, ACH/Electronic Items, ATM withdrawals and Debit Card transactions (if you have authorized us to pay these transactions), in-person withdrawals, and Online Banking transactions. We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s) that you owe us shall be due and payable upon demand. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s). LIMITATIONS: Available only to eligible personal checking accounts and sole proprietorships used for personal and household purposes. All other Business Type Accounts, All Savings Type Accounts, and All Public Fund/Charitable Organization Accounts are not eligible. We may limit the number of accounts eligible for Balance Backup Service* to one account per household. Account Type Overdrafts covered up to Elite Money Manager $1,500 Premier Money Manager, Money Manager, Select Checking, Employee Benefit Banking $900** Easy Checking, College Spend $500** TeenSpend $200 **Initial consideration is limited to $200 for the first 30 days. Upon review, the limit for consideration may be increased. STOP PAYMENTS - You must make any stop-payment order in writing or via Online Banking, some limitations apply, and we must receive it in time to give us a reasonable opportunity to act on it. If you do not make your stop payment request in writing or via Online Banking, it will be effective for only 14 days. To be effective, your stop-payment order must precisely identify the number, date and amount of the item, and the payee. Your stop payment order is effective for six months on paper items and longer for ACH items. You must renew it prior to the expiration of the stop payment effective period or the item could get paid. We will not notify you when the stop payment effective period ends. Fees may be assessed for placing a stop payment order. You may stop payment on any Item drawn on your account whether you sign the Item or not. A release of the stop payment request may be made by any account holder. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item). INACTIVE AND DORMANT ACCOUNTS – Your account will be coded as inactive if it has gone more than 12 months without a customer generated deposit or withdrawal. Your account will be coded as dormant if it has gone more than 24 months without a customer generated deposit or withdrawal. The coding of your account as inactive or dormant will result in a statement being produced on an annual basis on December 31 for savings accounts and January 1 for checking accounts. Fees may be assessed for inactive and dormant accounts.
Appears in 1 contract
Sources: Online Access Agreement
Withdrawals. Our banking offices are non-cash facilities Without prejudice and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice subject to the contrary) authorizes each other person who signs or has authority terms of this Agreement, all Applicable Regulations and all conditions attaching to make withdrawals to indorse any item payable relevant payments made to you under a bonus or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved rebate scheme operated by us, money may be withdrawn by you from your Account provided that such money are not being utilized for margin purposes or have otherwise become owing to us, once your withdrawal request is approved your withdrawal request will be processed by us and sent to the same bank, credit card or other source for execution as soon as possible. (Note: Some banks and credit card companies may take time to process payments especially in currencies where a correspondent bank is involved in the transaction). The funds will be returned to the bank account/credit card/other source from which the funds were debited. If you have a Joint Account, payments from your Joint Account will require a withdrawal request form which must be completed by all required Account holders and which must be submitted to us. If you request a withdrawal of money from your Account and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you have not met the necessary bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. Payments on Stock Splits, Reverse Stock Splits, Stock Dividends and other Stock related events can have an impact on the share price and thus on the price of an equity based CFD. A person who holds a CFD position has no ownership of the underlying instrument. However, when a customer holds a long CFD position, The Company shall pay the equivalent of the dividend to that customer and deduct the equivalent from any method customer holding a short CFD position. This shall be done on or shortly after the ex- dividend date as that is when the economic effect is felt on the underlying share price. If we do not specifically permitrecord any activity in your Trading Account during a continuous period of three (3) months and you have a zero account balance, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at Trading Account and all its history will be archived on our option reclassify your account as a transaction accounttrade server. If we reclassify you wish to keep using your accountTrading Account or restore it in the future, your account will be subject to the fees and earnings rules of the new account classificationplease contact us at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ electronically via email. The fact Customer acknowledges and confirms that we may honor withdrawal requests that overdraw any trading account(s), held with The Company by a The Company Customer where the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.Customer has not:
Appears in 1 contract
Sources: Retail Client Agreement
Withdrawals. Our banking offices are non-cash facilities and you i. Upon submission of a Withdrawal Request via the Custody Interface, all Authorized Persons will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part receive an email notification informing them of the account balance at any timeWithdrawal Request. Each of you An Authorized Person (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor Authorized Person who initiated the Withdrawal Request) must then approve the Withdrawal Request via the Custody Interface (a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account“Withdrawal Confirmation”).
ii. If we reclassify your accountonly one Authorized Person is designated on a Gemini Account, your account a Withdrawal Request will be approved following a new or recently successful multi-factor authentication.
iii. Once a Withdrawal Confirmation has been made, Customer’s Withdrawal Request will be processed, and the Digital Assets subject to the fees and earnings rules Withdrawal Request shall be Delivered to the destination Blockchain Address specified therein, within one Business Day of the new account classificationnext Cut-Off-Time. The fact If a Withdrawal Request is made (i) by the ETP Redemption Cut-Off Time on a Business Day, (ii) in connection with a redemption of shares for Customer’s exchange traded product, and (iii) the Delivery of Digital Assets for such Withdrawal Request is to the Gemini Account of a Person that we has signed and executed an agreement with Customer to be an “Authorized Participant” with respect to Customer’s exchange traded product, then the Digital Assets subject to such Withdrawal Request shall be Delivered to the destination Blockchain Address specified therein, by the next of the Business Day from the Business Day when such Withdrawal Request was submitted.
iv. Customer agrees and understands that with respect to Proper Instructions, Gemini cannot authenticate whether or not such Proper Instructions originated from an Authorized Person. Customer further agrees and understands that ▇▇▇▇▇▇ has the right to refuse to execute any Withdrawal Request that it believes may honor withdrawal requests be in violation of any Applicable Laws and Regulations, in which case Gemini will promptly notify the Customer unless legally prohibited from doing so. Customer agrees and understands that overdraw ▇▇▇▇▇▇ may rely upon any action that it believes in good faith and in a commercially reasonable manner to have been taken by an Authorized Person in a manner authorized by this Agreement.
v. Digital Assets withdrawals will typically be processed at the available account balance does not obligate us speed of a Digital Asset network. In certain situations, Digital Asset withdrawals may be delayed in connection with Downtime or the congestion or disruption of a Digital Asset network.
vi. If Customer is unable to do so later. We meet requirements under Applicable Law and Regulations or its operating agreements related to the timing for the creation and redemption of shares for its exchange traded products as a direct result of Gemini’s Custody Interface preventing Customer from submitting Withdrawal Requests via Proper Instructions, Gemini will cooperate with Customer and will use reasonable efforts to put in place an alternative procedure for Customer to submit requests for withdrawals of Customer's Assets or fiat currency, including through the date use of General Instructions, so long as Gemini, in consultation with the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you Customer, can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you reasonably determine that such alternative procedure can ask us when you make be processed in a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted secure manner and may be subject to penaltyconsistent with Gemini’s risk management standards.
Appears in 1 contract