P.O.D. payee definition

P.O.D. payee means a person designated on a P.O.D. account as one to whom the account is payable on request after the death of one or more persons.

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P.O.D. payee means a person, trustee of an express trust evidenced by a writing, or charitable organization designated on a P.O.D. account as a person to whom the account is payable on request after the death of one or more persons.

P.O.D. payee means a person designated on a

Examples of P.O.D. payee in a sentence

• If you or any joint owner draws a check or otherwise authorized withdrawals not presented for payment until after the drawer’s death, or if any joint owner is indebted to us at the time of his or her death, we are authorized to pay such checks and withdrawals and exercise our right of set-off against the account after such joint owner’s death, notwithstanding any rights that a surviving joint owner, a POD payee or a beneficiary of an ITF or “trustee for” account may have to funds in the account.

• To the extent and under the circumstances permitted by the laws of your State, upon receipt of actual written notice and proof of your death, the balance in your account will be paid to the person or entity you designate to "pay on death" or you designate as a POD payee or beneficiary on your account's signature card or on a form provided by us.

• You may change, add or remove a POD payee(s) at any time, without notice to any other Account Owner, by providing us with the following required information for each POD payee: their legal name, address, date of birth and social security number.

• At the time of payout, we will honor the most current POD Payee designation accepted by us that meets our POD payee requirements.

• The designated convenience signer owns the Account on your death only if the convenience signer is also designated as a P.O.D. payee.

More Definitions of P.O.D. payee

P.O.D. payee means a person designated on a P.O.D. account as one to whom the account is

P.O.D. payee means a person designated on a P.O.D. account as one to whom the account is payable on request after the death of one or more persons ‘Receive’ as it relates to notice to a financial institution, means receipt in the office or branch office of the financial institution in which the account is established, but if the terms of the account require notice at a particular place, in the place required.

P.O.D. payee means a person desig- nated on a P.O.D. account as the person to whom the account is payable on request after the death of one or more persons.

P.O.D. payee means a person or charitable organization designated on a P.O.D. account as a person to whom the account is payable on request after the death of one or more persons.

P.O.D. payee means a person or charitable

P.O.D. payee means a person designated on a P.O.D. account as [one] a person to whom

P.O.D. payee means a person desig- nated on a P.O.D. account as a person to whom the account is payable on request after the death of another person.