Authority of Joint Account Holders. Except as set forth in the prior section, any Joint Account Holder has the same authority as the Primary Account Holder with respect to the Joint Account and may exercise that authority without notice to the other Account Holders. Furthermore, the Joint Account Holder may open additional accounts with the same ownership structure (i.e., each Account Holder may open a new Joint Account so long as the Primary Account Holder is named as the Primary Account Holder and all Joint Account Holders are named as Joint Account Holders on that new Joint Account).
Authority of Joint Account Holders. You expressly authorize any Joint Account Holder to act for you on your Joint Account, except for those orders and instructions that only the Primary Member may give in accordance with section 4(b)(1) above. Further, you expressly authorize any Joint Account Holder to make any order and instruction regarding the Joint Account and any request for future services without the additional consent or notice to other Account Holders. These unilateral instructions include but are not limited to:
a. Opening additional accounts with the same ownership structure (i.e. each Acco unt Holder may open a new Joint Account and list all current Joint Account Holders as owners/holders of that new Joint Account and all named Joint Account Holders will have all the rights and obligations of a Joint Account Holder with respect to any such new Joint Account);
b. Closing the Account (unless doing so would terminate membership);
Authority of Joint Account Holders. You expressly authorize any Joint Account Holder to act for you on your Joint Account, except for those orders and instructions that only the Primary Member may give in accordance with section 4(b)(1) above. Further, you expressly authorize any Joint Account Holder to make any order and instruction regarding the Joint Account and any request for future services without the additional consent or notice to other Account Holders. These unilateral instructions include but are not limited to:
a. Opening additional accounts with the same ownership structure (i.e. each Acco unt Holder may open a new Joint Account and list all current Joint Account Holders as owners/holders of that new Joint Account and all named Joint Account Holders will have all the rights and obligations of a Joint Account Holder with respect to any such new Joint Account);
b. Closing the Account (unless doing so would terminate membership);
c. Removing the Joint Account Xxxxxx’s own name from the Account; provided, however, that removal of such Joint Account Holder’s own name from the Account shall in no way limit such Joint Account Holder’s obligations with respect to the Joint Account incurred at any time prior to the removal of such Joint Account Holders name from the Account;
d. Changing addresses when the Joint Account Holder is on all of the accounts with the Primary Member;
e. Supplying endorsements;
f. Withdrawing funds;
g. Writing or stopping payment on checks;
h. Accessing the Account in person, by mail, Online Banking, Mobile Banking, Telephone Banking, with an ATM card or Debit Card or other access device for withdrawals from your Checking or Savings Account, POS transactions, or other debit transactions from your Checking Account, even if such a transaction causes a negative balance in your Account; and
i. Pledging or assigning the Account for any authorized loan(s) from BECU (including but not limited to credit extended under credit cards), even if the loan is not made to all Account Holders.
