Program Bank List. The Bank List of available Program Banks into which your funds may be deposited is available on our website at: xxxxx://xxx.xxxxxxxxxx.xxx/fdic-program-bank-list/or by contacting us. The Bank List may include one or more Program Banks that constitute Excess Banks; Bank may deposit your funds at an Excess Bank without limit and without regard to Deposit Limit if funds sufficient to meet the Insurance Eligibility Limit have been placed at one or more Priority Banks. If all of your funds are withdrawn from a Program Bank, the next time your funds are available for deposit in a Program Bank, your funds may be deposited in a different Program Bank. You may at any time with reasonable advance notice to us at xxxxxxxxxxx@xxxxxxxxxx.xxx, designate a Program Bank as ineligible to receive your funds. In addition, you may at any time instruct Bank to remove your funds from a Program Bank, close your Sub-Deposit Accounts with the Program Bank and designate the Program Bank as ineligible to receive future deposits. Any funds from a closed Sub-Deposit Account will be deposited into Sub- Deposit Accounts at another Program Bank set forth on the Bank List, as amended by you, or if no other Program Bank is eligible, the funds will be deposited into the Account. For example, if you maintain other accounts at a Program Bank on the list separate from the Program, you may wish to designate this Program Bank as ineligible to avoid the aggregation of funds in your account(s) held directly with funds deposited through the Program as the combination of funds may exceed the amount of available FDIC insurance coverage at that Program Bank. If you designate all Program Banks as ineligible, we will return funds to your Account and may, in our discretion and in accordance with law, close your Account and any Sub-Deposit Account opened specifically for you.
Program Bank List. The list of Program Banks participating in the Program is available here (the “Program Bank List”). You agree that you are responsible for monitoring your total deposits at each Program Bank (including amounts in other accounts at each Program Bank held in the same right and legal capacity) to determine whether all of your deposits are fully covered by FDIC insurance with respect to your deposits at the Program Bank. We may at any time initiate a relationship with a new bank and add it to the Program Bank List. If we end our relationship with a Program Bank, it will be removed from the Program Bank List. UNIFIMONEY will provide a notice to you describing any additions to or deletions from the Program Bank List. Your continued use of the Program after receiving such notice constitutes your affirmative consent to such changes and to transfers of funds in your Checking Account among the Program Banks included in the current Program Bank List (except to the extent any such Program Bank is included in your Opt-Out List, as such term is defined below). Each Program Bank has agreed to accept deposits up to an aggregate limit (the “Program Bank Cap”), which is the maximum amount that each Program Bank is obligated to accept through the Program. If the Program Bank Cap has been reached at all Program Banks, we may suspend the Program and UMB may refuse to accept further deposits to the Program.
