CHECK WRITING PRIVILEGES. Check writing is available in your Advantage Account based on your Authorization Limit. Currently, we utilize a third-party check processing service, which may or may not be an Affiliate, for Advantage check writing. You may write Advantage Checks for any amount in U.S. dollars, subject to your Authorization Limit, however, Advantage Checks may not be used to purchase securities, including shares of money market mutual funds for this Account. You understand and agree that we will not be liable for paying an Advantage Check prior to the date shown on the face of the Advantage Check, even if such payment results in a negative Advantage Account balance. You may ask us not to pay a posted Advantage Check before its date if the Advantage Check has not already been paid. To do so, you must give us a stop payment order. If you then wish the Advantage Check to be payable as of the date on the Advantage Check, you must cancel the stop payment order on that date in a time and manner that gives us and our agents a reasonable opportunity to act on it. You understand and agree that we may charge your Advantage Account based on the original terms of an altered Advantage Check or on the terms of an altered Advantage Check or on the terms of the completed Advantage Check, even though we know the Advantage Check has been completed, unless we have been notified that the completion was improper. You understand and agree that we may pay or refuse to pay, at our sole discretion, an Advantage Check that is presented for payment more than six (6) months from the date shown on the face of the Advantage Check. Either party may cancel the Account at any time, with or without cause. Should the Account terminate, you must destroy your unused Advantage Checks. If any of your Advantage Checks are lost or stolen, you must report the loss immediately by calling (000) 000-0000 or the number listed on your Advantage Account statement.
CHECK WRITING PRIVILEGES. If you have requested cash access check-writing privileges, upon approval of your application by Provident, you may exercise a cash access check-writing privilege through an account with Provident. Provident will furnish initial checks to you. In the case of a corporate account, a maximum of six (6) authorized check signers designated by corporate resolutions may exercise a cash access checkwriting privilege through an account maintained at Provident. You must maintain sufficient Available Cash in your Securities Account and Fund shares ("Combined Asset Value") to pay any checks you write. Payments for checks will be satisfied from the Combined Asset Value of your XXX Plus Account in the following order: First, from cash in your Securities Account; second, from the proceeds of redeeming Designated Fund shares (if any); and third, from the proceeds of redeeming other Fund shares (if any). Should these assets prove to be insufficient, U.S. Bancorp Xxxxx Xxxxxxx will be required to return the check as nonsufficient funds.
CHECK WRITING PRIVILEGES. Check writing is available with no minimum amount for which Checks must be written and no separate charge for checks or reorders. The use of Checks to transfer funds between accounts will cause undue delays and may result in loss of income in your sweep op- tion. Accordingly, any transfer of assets between accounts at Stifel should be effected with a letter of direction to your Financial Advi- sor. Transfers between accounts with the same account registra- tion may be effected with a phone call to your Financial Advisor.
CHECK WRITING PRIVILEGES. Each Check written by you is a draft, which is an authorization to Stifel to redeem Fund shares or access your Free Credit Balance. The draft is payable through the bank(s) designated by Stifel. Check Writing is available with no minimum amount for which Checks must be writ- ten and no separate charge for checks or reorders. There is a maximum Check amount of $1 million unless otherwise pre-approved in writing by Xxxxxx’x Chief Financial Officer. In the event that a Check or Checks are presented, the total dollar amount of which exceeds the aggregate value of your Fund shares, Stifel will utilize any available Free Credit Balance. Overdraft protection above the aggregate of the value of Fund shares and the Free Credit Balance is provided up to the Margin Line of Credit of your Securities Account (if applicable). In the event a Check is presented for an amount in excess of your Fund shares and Free Credit Balance, and you have a sufficient Margin Line of Credit in your Securities Account, Stifel will loan you the money to cover the Check and you will be charged the interest on that loan. In order to ensure uninterrupted flow of interest to your account, all transfers of assets between accounts should be with a letter of direction to your Financial Advisor. The use of money market Checks to effect these transactions will cause undue delays and may result in loss of income in your money market portfolios. Transfers between accounts with the same account registration may be effected with a phone call to your Financial Advisor.
CHECK WRITING PRIVILEGES. X. Check Writing Privileges request, we shall provide you with photocopies or image copies of Checks paid against the Account or other Account documen- tation, if such Checks or documents are available to us under our record retention policies. If you request a copy, we may impose a processing fee.
CHECK WRITING PRIVILEGES. CAUTION: There are penalties for not paying enough tax during the year, either through withholding or estimated tax payments. New retirees, especially, should see IRS Publica- tion 505, Tax Withholding and Estimated Tax. It explains the estimated tax requirements and penalties in detail. You may be able to avoid quarterly estimated tax payments by having enough tax withheld from your IRA using Form W-4P.
