Common use of Another Bank Account Clause in Contracts

Another Bank Account. Funds may be loaded to your Card Account from an eligible checking or savings account held at a U.S. financial institution by means of an ACH transaction. To arrange for this, you will need to provide your payment sender our routing number and your Account Number, similar to the description above “Direct Deposit”. You agree that only deposits in your name or the name of someone for whom you have the legal authority to accept funds will be loaded to the Card. All other deposits in the name of anyone else may be declined and returned. The originating bank may charge you a fee. Yes Loads from Another Bank Account Initiated from the XXXX.xxx Website or Mobile App: Funds may be loaded to your Card Account from an eligible checking or savings account held at a U.S. financial institution by means of an ACH transaction through the XXXX.xxx Website or Mobile App using the Easy Fund feature supported by Plaid, Inc. and Dwolla, Inc. To arrange for this load option, you will need to log into the XXXX.xxx Website or Mobile App and agree to all terms required to link a bank account and initiate a bank transfer. In order to link a bank account, you will need to provide your external bank account credentials through the appropriate pop-up screen. You agree to only link a bank account in which you are the owner. You also agree that only deposits in your name will be loaded to the Card. All other deposits in the name of anyone else may be declined and returned. The originating bank may charge you a fee. Funds loaded from a linked bank account using this method will not be immediately available for use. This service is supported by Dwolla, Inc. Dwolla, operates a software platform that communicates your instructions for funds transfers to its Financial Institution Partners, Veridian Credit Union and Compass Bank. Dwolla is an agent for its Financial Institution Partners and all funds associated with your Dwolla account are held in pooled accounts at its Financial Institution Partners. Please note that Xxxxxx balances are not insured. The services and account provided by Dwolla are not sponsored by, endorsed, administered by, or associated with CBKC, who has no liability in relation to the Dwolla services and account.

Appears in 5 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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