Check Writing. In order to provide the Transfer Money Services to you, Folio has established an account (“Master Account”) with an unaffiliated national banking association chartered and regulated by the Office of the Comptroller of the Currency (“Bank”). Checks with respect to your Folio Account are payable against the Master Account and not against an account in your name at the Bank. You acknowledge and agree that you have no ownership or beneficial interest in the Master Account or the funds in the Master Account.
Appears in 5 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
