CONTRIBUTING TO AN ACCOUNT Sample Clauses

CONTRIBUTING TO AN ACCOUNT. How Do I Make Contributions to the Program? All Contributions to your Account must be made in cash or cash equivalent and cannot be in the form of securities or other property. Contributions by check must be denominated in U.S. dollars. You may contribute to the Program by any of the following methods: • Check payable to “Bright Directions”; • Automatic investment plan (“AIP”) - You may establish an AIP by logging on to your Account at XxxxxxXxxxxxxxxx.xxx or downloading and completing and submitting the appropriate form. If your AIP Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future AIP contributions. • Electronic funds transfer (“EFT”) - You may complete EFT contributions by logging on to your Account at XxxxxxXxxxxxxxxx.xxx. If your EFT Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future EFT Contributions. • Payroll contribution - Payroll Contributions allow you to set up automatic contributions in the form of paycheck deductions. Check with your employer to see if it offers this service. • Bright Directions GiftED - You can send an email invitation to family and friends to allow them to contribute to your Account. Log in to your Account and follow the on-screen instructions. • Wire transfer - Please be aware that your bank may charge a fee for wire transfers;
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CONTRIBUTING TO AN ACCOUNT. Contributions Anyone can contribute to a NEST Advisor Plan account but only the account owner can (1) control how the assets are invested and used, (2) designate a Beneficiary, and (3) claim tax benefits related to the account, regardless of who contributed to it. Contribution restrictions All contributions must be cash-equivalent and denominated in U.S. dollars. Cash is not accepted. The Program Manager will hold all contributions up to five business days before a withdrawal of those assets can occur. No contribution minimums There are no minimum contribution requirements and there is no minimum amount that must be maintained in a NEST Advisor Plan account. The Program Manager reserves the right to close a zero-balanced account. Limits on maximum contributions to an account Additional contributions to an account are not permitted when the fair market value of all accounts owned by all account owners within the Trust for that Beneficiary equals the Maximum Contribution Limit. If, however, the market value of such accounts falls below the Maximum Contribution Limit, additional contributions will be accepted. The $400,000 per Beneficiary Maximum Contribution Limit applies to all accounts for the same Beneficiary in all plans administered by the Nebraska State Treasurer, including the NEST Advisor Plan, the NEST Direct Plan, the TD Ameritrade 529 College Savings Plan, and the State Farm 529 Savings Plan. The Nebraska State Treasurer may periodically adjust the Maximum Contribution Limit.
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CONTRIBUTING TO AN ACCOUNT. Contributions Any person can contribute to an Enable Savings Plan account, but only the Account Owner may realize the benefits of an account. For example, only the Account Owner or an Authorized Individual may control how assets are invested and used. Contribution restrictions All contributions must be cash-equivalent and denominated in U.S. dollars. Cash is not accepted. The Program Manager will hold all contributions up to five business days in a non-interest bearing account before a withdrawal of those assets can occur. For the Checking Investment Option, the contribution will be made available for withdrawal from the Checking Investment Option on the sixth business day. Minimum contribution amounts The minimum initial contribution amount is $50 per account unless the Account Owner signs up for AIP or payroll deduction of at least $25 per month. The minimum subsequent contribution amount is $25, but is waived if the Account Owner is signed up for AIP or payroll deduction. Limits on an account Annual Contribution Limit – Code Section 529A mandates an annual contribution limit for ABLE programs. The Plan’s Annual Contribution Limit is currently $15,000 per Account Owner from all sources. If the Account Owner, for example, were to contribute $10,000 to the account in a calendar year and the Account Owner’s parent were to contribute $5,000, the Annual Contribution Limit would be reached and no additional contributions would be accepted into the account until the following year. This limit may increase from time to time. Contributions by an employed Account Owner who has earned income during the current calendar year and has not contributed to an employer-sponsored retirement plan, including a 401(k), a 403(b) or a 457(b) plan, during the current calendar year may exceed the Annual Contribution Limit by the lesser of (a) the compensation included in the Account Owner’s gross income for the taxable year, or (b) the federal poverty line for a one-person household as determined for the calendar year preceding the calendar year in which the taxable year begins.
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CONTRIBUTING TO AN ACCOUNT. How Do I Make Contributions to the Program? All Contributions to your Account must be made in cash or a cash equivalent and cannot be in the form of securities or other property. Contributions by check must be denominated in U.S. dollars. You may contribute to the Program by any of the following methods: • Check payable to ”Bright Start Direct 529”; • Automatic investment plan (“AIP”) - You may establish an AIP by logging on to your account at XxxxxxXxxxx.xxx or downloading and completing and submitting the appropriate form. If your AIP Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future AIP contributions. • Electronic funds transfer (“EFT”) - You may complete EFT contributions by logging on to your account at XxxxxxXxxxx.xxx. If your EFT Contribution cannot be processed because of insufficient funds or because of incomplete or inaccurate information, the Program reserves the right to suspend future EFT Contributions. • Payroll contribution - Payroll Contributions allow you to set up automatic contributions in the form of paycheck deductions. Check with your employer to see if it offers this service. • Bright Start GiftED - You can send an email invitation to family and friends to allow them to contribute to your Account. Log in to your account and follow the on-screen instructions. • Wire transfer - Please be aware that your bank may charge a fee for wire transfers. • “Rewards” from your Bright Start 529 College Savings Visa® Card - Once you’ve accumulated $50 in rewards with the Bright Start 529 College Savings Visa® Card, those amounts will be automatically transferred at the end of each calendar quarter to the Account(s) you designate. • Transfer or rollover from another 529 qualified tuition program, CESA, or a qualified U.S. Savings Bond. Amounts distributed from a CESA and contributed to an Account may be treated as a tax-free distribution from the CESA. In addition, subject to certain limitations, redemption of certain qualified U.S. Savings Bonds may be tax-free if the proceeds are contributed to an Account. Certain rules and requirements must be met. For more information consult IRS Publication 970 and your financial, tax, or legal advisor. Checks should be made payable to “Bright Start Direct 529” and sent to the following address: Mailing Address Bright Start Direct 529 P.O. Box 85298 Lincoln, NE 68501 Courier/Overnight Address Bright...
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CONTRIBUTING TO AN ACCOUNT. Contributions Any person can contribute to an Enable Alabama account, but only the Account Owner may realize the benefits of an account. For example, only the Account Owner or an Authorized Individual may control how assets are invested and used. Contribution restrictions All contributions must be cash-equivalent and denominated in U.S. dollars. Cash is not accepted. The Program Manager will hold all contributions up to five business days in a non-interest bearing account before a withdrawal of those assets can occur. For the Checking Investment Option, the contribution will be made available for withdrawal from the Checking Investment Option on the sixth business day. Minimum contribution amounts The minimum initial contribution amount is $50 per account unless the Account Owner signs up for AIP or payroll deduction of at least $25 per month. The minimum subsequent contribution amount is $25, but is waived if the Account Owner is signed up for AIP or payroll deduction. Limits on an account Annual Contribution Limit – Code Section 529A mandates an annual contribution limit for ABLE programs. The Plan’s Annual Contribution Limit is currently $14,000 per Account Owner from all sources. If the Account Owner, for example, were to contribute $10,000 to the account in a calendar year and the Account Owner’s parent were to contribute $4,000, the Annual Contribution Limit would be reached and no additional contributions would be accepted into the account until the following year. This limit may increase from time to time.
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CONTRIBUTING TO AN ACCOUNT. Contributions Anyone can contribute to a Plan account but only the account owner can (1) control how the assets are invested and used,
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CONTRIBUTING TO AN ACCOUNT. Maximum Contribution Limit” on page 23. For federal and Arkansas tax purposes, this type of transfer may be done directly between the accounts, without a withdrawal of money from the iShares 529 Plan, or indirectly, by contributing money to the receiving account within 60 days after the withdrawal from the prior account. See “FEDERAL AND STATE TAX TREATMENT” on page 113. There may be federal gift tax, estate tax, or GST tax consequences in connection with changing the Designated Beneficiary of a 529 Plan account. Note that if the new Designated Beneficiary belongs to a younger generation than the immediately preceding Designated Beneficiary, the immediately preceding Designated Beneficiary or the Account Owner may be liable for gift or GST tax. For more information on gift and GST taxes, see “FEDERAL AND STATE TAX TREATMENT - Federal Gift and Estate Taxes” on page 117. Making a Rollover from a Xxxxxxxxx Education Savings Account or Qualified U.S. Savings Bond Proceeds from a Xxxxxxxxx Education Savings account (formerly known as an Education IRA) or from the redemption of a Qualified U.S. Savings Bond may be contributed to the iShares 529 Plan. You will need to provide the iShares 529 Plan with the following documentation:  In the case of a contribution from a Xxxxxxxxx Education Savings account: an account statement or other documentation from the financial institution that acted as custodian of the Xxxxxxxxx Education Savings account that shows the total amount contributed to such account and the earnings in the account.  In the case of a Contribution from the redemption of a Qualified U.S. Savings Bond: an account statement, a Form 1099-INT, or other documentation from the financial institution that redeemed the Qualified U.S. Savings Bond showing interest from the redemption of the Qualified U.S. Savings Bond. Until the iShares 529 Plan receives this documentation, the entire amount of your Contribution will be treated as earnings for recordkeeping and tax reporting purposes.
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Related to CONTRIBUTING TO AN ACCOUNT

  • NOMINATION BY ALLOTTEE WITH CONSENT The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:

  • Our Liability for Failure to Make Transfers If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will NOT be liable for instance: * If, through no fault of ours, you do not have enough money in your account to make the transfer. * If the money in your account is subject to legal process or other claim restricting such transfer. * If the transfer would go over the credit limit on your overdraft line. * If the ATM where you are making the transfer does not have enough cash. * If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. * If circumstances beyond our control (such as fire or flood) prevent the transaction, despite reasonable precautions that we have taken. In Case of Errors or Questions About Your Electronic Transfers. Telephone us at (000) 000-0000, or write us at R BANK,0000 X Xxxx Xxxxxx Xxxx, Xxxxx Xxxx, XX 00000 as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than sixty days after we sent the FIRST statement on which the problem or error appeared. * Tell us your name and account number (if any). * Describe the error or the transfer you are unsure about and explain as clearly as you can why you believe it is an error or why you need more information. * Tell us the dollar amount of the suspected error. * If you tell us orally, we may request that you send us your complaint or question in writing within ten (10) business days. We will determine whether an error occurred within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. If we decide to do this, we will credit your account within ten business days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within ten (10) business days, we may not credit your account. If a notice of error involves an electronic fund transfer that occurred within thirty (30) days after the first deposit to the account was made, the error involves a new account. For errors involving new accounts, point ofsale debit card transactions, or foreign-initiated transactions, we may take up to ninety (90) days to investigate your complaint or question. For new accounts, we may take up to twenty (20) business days to credit your account for the amount you think is in error. We will tell you the results within three (3) business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

  • Indemnity Limitation for TIPS Sales Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any TIPS sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such indemnity is only permitted, "to the extent permitted by the laws and constitution of [TIPS Member's State]” unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing an "Indemnity" clause that conflicts with these terms is rendered void and unenforceable.

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