Joint Account with Right of Survivorship. A personal (consumer) account opened by two or more persons is treated as a "joint account" and we will treat the persons opening such an account as joint tenants with right of survivorship and not as tenants in common or tenants by the entirety. Upon the death of a joint tenant, the surviving owner has the right to all of the funds in the account, subject to our right of setoff and security interest in the account. If more than one joint tenant survives, they will own the account as joint tenants with right of survivorship and not as tenants in common. We may remove a deceased owner from a joint account upon proof of the owner’s death. Each owner of a joint account has complete control over all funds in the account may withdraw or transfer by any means we make available any or all of the funds on deposit. Any joint owner may also close the account or enter into special agreements regarding the account. We may act on the instructions of any joint owner without the authorization of any other joint owner. Each joint owner guarantees the signatures of the other joint owners and authorizes the others to endorse for deposit any check, draft or other payment order made payable to the owners jointly, subject to the Bank’s further approval. Each joint owner also authorizes us to exercise our rights to setoff and enforce our security interest in the entire joint account, even if only one of the joint owners is the debtor; these rights exist irrespective of who contributed funds to the joint account. Similarly, we can enforce overdraft or other liability in the joint account against any joint owner individually, and each joint account owner agrees to be liable for all overdraft liability in the joint account, even if the joint owner did not sign or otherwise authorize the item creating the overdraft or receive any benefits from its proceeds. Garnishments against any one or more than one of the joint owners are subject to our right of setoff and security interest. Notice that we give to any one joint owner is notice to all joint owners.
Joint Account with Right of Survivorship. (Not applicable to residents of Quebec) If each joint Account holder is not a resident of Quebec or unless the joint Account holder notifies the Firm otherwise, the joint Account will be held by the joint Account holders jointly with right of survivorship and not as tenants-in-common. In the event of the death of any of either of the joint Account holders, the entire beneficial interest in the joint Account shall vest in the surviving joint Account holders on the same terms and conditions as held. The death of one of the joint Account holders will in no way affect the right of the surviving joint Account holders to withdraw all monies and to take delivery of all securities held in the joint Account, subject to compliance with all applicable laws relating to succession duties and estate and inheritance taxes.
Joint Account with Right of Survivorship. In the names of two persons (account holders), the first name on the account form is the partner who has the right to vote and each of whom has the right to withdraw funds without the signature of the other. Upon the death of either account holder, the account will convert to an individual account solely in the survivor’s name.
Joint Account with Right of Survivorship. An account with two or more account holders is a joint account. Ownership of the account cannot be changed by will.
Joint Account with Right of Survivorship. An account opened in the names of two or more people. If applicable, any one of them may make withdrawals without the authorization of the other(s). Upon the death of one Account Owner, all sums in the account on the date of death vest in and belong to the surviving party(ies) as his/her/their separate property and estate, and all funds in the account may be paid to any of the survivors.
Joint Account with Right of Survivorship. At the time of death of a Joint Account owner, ownership of the funds passes to surviving Account owner(s). In the event that the deceased Account owner is the “primary” owner as noted in the Account opening documents, the surviving owner(s) may be required to close and re-open the Account designating a new “primary” owner.
Joint Account with Right of Survivorship. A personal account opened by two or more per- sons is treated as a “joint account” and we will treat the persons opening such an account as joint tenants with right of survivorship and not as tenants in common. Upon the death of a joint tenant, the surviving owner has the right to all of the funds in the account, subject to our right of setoff and secu- rity interest in the account. If more than one joint tenant survives, they will own the account as joint tenants with right of survivorship and not as tenants in common. Each owner of a joint account may withdraw, by any means we make available, any or all of the funds on deposit, close the account, enter into special agreements regarding the account, and stop pay- ment on any check drawn on the account. Each joint owner guarantees the signatures of the other joint owners. Each joint owner also authorizes us to exercise our rights to setoff and enforce our security interest in the entire joint account, even if only one of the joint owners is the debtor; these rights exist irrespective of who contributed funds to the joint account. Similarly, we can enforce over- draft or other liability in the joint account against any joint owner individually (and each joint account owner agrees to be liable for all overdraft liability in the joint account), even if the joint owner did not sign the item creating the overdraft or receive any benefits from its proceeds. Garnishments against any one or more than one of the joint owners are subject to our right of setoff and security interest. Notice that we give to any one joint owner is notice to all joint owners.
Joint Account with Right of Survivorship. A Joint Account with Right of Survivorship is an Account owned by two or more Individuals, commonly called co-owners or joint owners where each Owner has full and equal access tothe Account, including withdrawals. Each Owner is responsible for all activity in the Account including Overdrafts. Please refer to our Overdraft Items section for additional information. Toadd additional Owners on the Account, all documentation must be completed as required by Atmos. Toremove an Owner from an Account, the existing Account must be closed. AnyJoint Owner mayclose the Account. Refer to the Death or Incompetence of an Account Owner section should an Owner become deceased.
Joint Account with Right of Survivorship. If an account is opened by two or more parties, the account will be a joint or multiple party account with right of survivorship. All funds deposited into that account, including any earnings thereon, shall be owned by you jointly, along with all others who sign the Application, with right of survivorship. On the death of one party to a joint account, all sums in the account on the date of the death vest in and belong to the surviving party(s). Payment to any owner shall be valid and discharge the Credit Union from any and all liability for such payments. The Credit Union may accept instructions from any joint owner or act at the request of any joint owner with regard to any such account without the consent of any other owner, and each joint owner authorizes the other to act on his or her behalf with respect to the account. Any joint owner may pledge all of the shares in the account to secure any indebtedness owing to the Credit Union or may designate the account to provide overdraft protection for any other account, without the consent of any other joint owner and without regard to his or her interest in the account.
Joint Account with Right of Survivorship. If this is a joint account, each of you is making this agreement with each other and with us. Each of you agrees that all amounts deposited by you, as well as any interest earned, can be paid to any one or more of you during the lifetime of all of you. After the death of any one of you, we can pay any money in the account to any one of you remaining alive. We may require all persons to whom an item is payable to endorse the item for deposit. We have the right to limit the number of owners on an account. On any joint account with check writing privileg- es, all owners are liable for payment of that check, regardless of which of the owners issued or benefited from the item. Fiduciary Accounts • Revocable Trust Account - The revocable trust account means that you have full ownership of the account until death, resignation, removal, or being declared legally incompetent. Additional contract rules are detailed in the Discretionary Revo- cable Trust Agreement. • Power of Attorney - If you are opening the account or properly adding your name to an account under power of attorney, you can deal with the funds in this account as described by law and in the power of attorney. The power of attorney will end when the owner of the account who appointed the attorney terminates it, dies, has a conservator appointed for his or her estate, becomes disabled, incompetent, or unless the power of attorney specifically provides otherwise. • Court-Appointed Fiduciary/Trustee Under Agreement - A copy of the court order or trust agreement appointing you as fiduciary/trustee must be filed with Windsor Federal Savings and you must sign a signature card. We have no responsibility to follow the application of funds or to ensure compliance with the terms of the governing document. • Uniform Gift to Minor’s Act - You may open an account as custodian for a minor child. The funds in the account belong to the minor child. The gift of money to the minor child is irrevocable. WFS rev 10/2017 860.688.8511 Windsor | Granby | Bloomfield | East Windsor | Suffield Automated Teller Machine Locations Member of NYCE® , MasterCard® and the SUM® Surcharge-Free Network
