Common use of Backup Withholding Clause in Contracts

Backup Withholding. We may ask you to certify your name and social security number to avoid potential backup withholding and to report interest income paid to you in connection with the Vaults. In addition, we may also ask you to certify that you are not subject to backup withholding. If the Internal Revenue Service (“IRS”) notifies us that we do not have a correct social security number for you, we may be required to withhold and remit to the IRS a percentage of interest paid to your Vaults.

Appears in 3 contracts

Samples: Cayisbank Deposit Account Agreement, Go2bank Deposit Account Agreement, Go2bank Deposit Account Agreement

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Backup Withholding. We may ask you to certify your name and social security number to avoid potential backup withholding and to report interest income paid to you in connection with the VaultsSavings Account. In addition, we may also ask you to certify that you are not subject to backup withholding. If the Internal Revenue Service (“IRS”) notifies us that we do not have a correct social security number for you, we may be required to withhold and remit to the IRS a percentage of interest paid to your Vaultsthe Savings Account.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Backup Withholding. We may ask you to certify your name and social security number to avoid potential backup withholding and to report interest income paid to you in connection with the VaultsSavings Account. In addition, we may also ask you to certify that you are not subject to backup withholding. If the Internal Revenue Service (“IRS”) notifies us that we do not have a correct social security number for you, we may be required to withhold and remit to the IRS a percentage of interest paid to your VaultsSavings Account.

Appears in 2 contracts

Samples: Walmart Moneycard Deposit Account Agreement, Walmart Moneycard Deposit Account Agreement

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