Common use of Check Endorsements Clause in Contracts

Check Endorsements. We may, but shall not be required to, endorse checks for you that we receive for deposit. Such checks must be made payable to you. For a joint owners account, we may receive for deposit any checks made payable to any owner or owners, and supply any missing endorsements of any owner or owners. If a check that is payable to two HOLD POLICY. Checks and other items deposited are subject to veri- fication and the provisions of the Hawaii Uniform Commercial Code, as amended from time to time. When a check or other item other than cash is included in a deposit, the amount of the check or other item will be provisionally credited to your account on the day of deposit, subject to collection. In some cases, we may either wait to credit your account or place a “hold” on your account for the amount of the check or other item, until a final disposition is made with respect to the check or item (this may happen, for example, when a deposited check is for a large amount or is drawn on an out-of-state or remote bank). If we do this, we will notify you at the time you make your deposit. We will also give you an estimate of how long we will have the “hold” on the check or item. If we decide to take this action after you have left the branch, we will mail you the notice by the next business day after we receive your deposit. STALE CHECKS. We may, but shall not be obligated to, accept for deposit, any check that is presented more than six (6) months past the date that it was written. ELECTRONIC FUND TRANSFERS. Electronic fund transfers are only permitted for savings accounts. We may, but shall not be required to, accept wire transfers. Electronic deposits involving the Automated Clearing House are not final until we receive final settlement of the incoming electronic deposit. All electronic fund transfers shall be subject to the terms, conditions and restrictions contained in our Electronic Fund Transfer Agreement which may from time to time be amended, and which shall be deemed a part of this agreement. FEES. Your account is subject to certain fees as adopted by us and set forth in our fee schedule, which may be amended from time to time. When we render any service covered by the fee schedule, we will not provide you with notice prior to assessing the fee to the account. The fee schedule will be provided at the time the account is opened and may also be obtained from any of our branches. If there are any changes to the fee schedule which will adversely affect you, we will provide you with written notice at least thirty (30) days before the change, or as may be otherwise required by law. TRANSFER AND ASSIGNMENT. You do not have any right to transfer your account or assign rights in your account, except and unless as provided in this section. By “transfer” we mean a transaction in which you give up all ownership interest in the account and give that ownership interest to another person. By “assign” and “assignment” we mean a transaction in which you give up only a portion of your rights in the account to another person. REQUEST FOR ACCOUNT CHANGES. We reserve the right to approve or disapprove any account changes which you request regarding your account, and to condition any approval on your providing such additional documentation as we deem necessary or desirable and paying such fees as we may require. NOTICE OF YOUR ADDRESS OR NAME CHANGES. You are responsible for notifying us in writing of any address or name change to your account, and for providing such confirming documentation as we may require. We are only required to attempt to communicate with you at the most recent address you have provided us. We may, but shall not be obligated to, accept oral notices. Any written notice you give us is effective when we receive it. ACCOUNTS OPENED ONLINE. Information you provide in Finance Factors’ online account opening process will be deemed accurate and current. FFL reserves the right to make changes to your information in our core database based on the information you provided in the online account opening process. Should you wish to update the information you initially provided during the online account opening process, please visit your nearest Finance Factors branch location or email customersupport@ xxxxxxxxxxxxxx.xxx. You may also update your account information by enrolling in Finance Factors’ Online Services at xxxxxxxxxxxxxx.xxx.