Affiliated Banks definition

Affiliated Banks means WMB and Washington Mutual Bank fsb (“FSB”).
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Affiliated Banks means Banks which are members of Visa, MasterCard, UnionPay or JCB. “Credit Card” means K-Credit Card/ KBank-Visa/ KBank-MasterCard/ KBank-UnionPay/ KBankJCB/ Visa/ MasterCard/ UnionPay/ JCB/ Co-branded KBank/ Co-branded Visa/MasterCard and/or other credit cards issued by the Bank
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Affiliated Banks means WMB and Washington Mutual Bank fsb
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Examples of Affiliated Banks in a sentence

  • You will have less FDIC insurance coverage available if you choose to exclude the unaffiliated Program Banks and, if you have sweep deposits in excess of $500,000 ($1 million for joint accounts) you may have uninsured deposits at the Affiliated Banks through the Standard Bank Deposit Sweep.

  • You may not designate that Affiliated Banks be excluded from the Expanded Bank Deposit Sweep or exclude less than all of the unaffiliated Program Banks.

  • We and the Affiliated Banks, benefit financially from cash balances held in the Standard Bank Deposit Sweep.

  • As with other depository institutions, the profitability of the Affiliated Banks is determined in large part by the difference or "spread" between the interest they pay on deposit accounts, such as the Standard Bank Deposit Sweep, and the interest or other income they earn on loans, investments, and other assets.

  • In addition, certain of our employees, including financial professionals, may receive incentive compensation based in part on new assets in the Standard Bank Deposit Sweep or the profitability of the Standard Bank Deposit Sweep for the Affiliated Banks and their joint parent company, ▇▇▇▇▇ Fargo & Company.

  • The participation of the Affiliated Banks in the Standard Bank Deposit Sweep is expected to increase their respective deposits and, accordingly, overall profits.

  • In addition, certain of our employees, including financial professionals, may receive incentive compensation based in part on new assets in the Expanded Bank Deposit Sweep or the profitability of the Expanded Bank Deposit Sweep for the Affiliated Banks and their joint parent company, ▇▇▇▇▇ Fargo & Company.

  • Sweep deposit limits are set below the FDIC insurance limits to allow for accrued interest on the deposit accounts at the Affiliated Banks and unaffiliated banks.

  • In addition, we will receive fees and compensation of up to two percent (2%) from the Affiliated Banks and/or their affiliates based on the average monthly deposit balances in the Expanded Bank Deposit Sweep (computed on an annualized basis).

  • In the Standard Bank Deposit Sweep, cash in excess of $496,000 (when two Affiliated Banks are used) will be swept to ▇▇▇▇▇ Fargo Bank, N.A. and will be uninsured.