Deceased Account Owners, Claims and Transactions. We may continue to honor all transfer orders, withdrawals, deposits and other transactions on an account until we know of a member's death. Once we know of a member's death, we may pay checks or drafts or honor other payments or transfer orders authorized by the deceased member for a period of ten (10) days after that date unless we receive instructions from any person claiming an interest in the account to stop payment on the checks, drafts or other items. We may require anyone claiming a deceased owner's account funds to indemnify us for any losses resulting from our honoring that claim. This Agreement will be binding upon any heirs or legal representatives of any account owner.
Deceased Account Owners, Claims and Transactions. For a sole proprietor account, you agree that any representative or claimant of your estate is bound by the terms of this Contract. Upon an individual account owner’s death we may require any estate representative or other claimant of the funds held in a deceased owner’s account(s) to prove both his or her authority as the representative or claimant of the estate and identification as the estate representative or claimant before we will release any funds held in any account. We may require an estate rep- resentative or claimant or anyone who claims an interest in funds held in a deceased owner’s account to indemnify us for any losses resulting from the claim before we will release the funds to the estate representative or claimant or other person. We may continue to honor all deposits, withdrawals, transfers, and transactions on the account until we receive a certified copy of an account owner’s death certificate, along with proof of the representative’s, claimant’s, or third person’s authority as the representa- tive, claimant, or creditor of the estate and identification as the estate representative claimant or creditor. If we need to seek professional advice to review any documenta- tion provided by a representative or claimant that affects your account, you agree that we may deduct all costs and expenses, including reasonable attorney fees, incurred for the review of that documentation from your account.
Deceased Account Owners, Claims and Transactions. You agree that any representative or claimant of your estate is bound by the terms of this contract. In the event of an account owner’s death we may require any estate representative or other claimant of the funds held in a deceased owner’s account(s) to evidence both his or her authority as the representative or claimant of the estate and identification as the estate representative or claimant before we will release any funds held in any account. We may require an estate representative or claimant or anyone who claims an interest in funds held in a deceased owner’s account to indemnify us for any losses resulting from the claim before we will release the funds to the estate representative or claimant or other person. We may continue to honor all deposits, withdrawals, transfers and transactions on the account until we receive a certified copy of an account owner’s death certificate, along with proof of the representative’s, claimant’s or third person’s authority as the representative, claimant or creditor of the estate and identification as the estate representative claimant or creditor. This policy applies to any checking account you maintain with us. Deposits to other accounts may be subject to longer holds in our sole discretion.
Deceased Account Owners, Claims and Transactions. For a sole proprietor account, you agree that any representative or claimant of your estate is bound by the terms of this Contract. Upon an individual account owner’s death we may require any estate representative or other claimant of the funds held in a de- ceased owner’s account(s) to prove both his or her authority as the representative or claimant of the estate and identification as the estate representative or claimant before we will release any funds held in any account. We may require an estate representa- tive or claimant or anyone who claims an interest in funds held in a deceased owner’s account to indemnify us for any losses result- ing from the claim before we will release the funds to the estate representative or claimant or other person. We may continue to honor all deposits, withdrawals, transfers, and transactions on the account until we receive a certified copy of an account owner’s death certificate, along with proof of the representative’s, clai- mant’s, or third person’s authority as the representative, claimant, or creditor of the estate and identification as the estate represent- ative claimant or creditor. If we need to seek professional advice to review any documentation provided by a representative or claimant that affects your account, you agree that we may deduct all costs and expenses, including reasonable attorney fees, in- curred for the review of that documentation from your account.
Deceased Account Owners, Claims and Transactions
