Deposit Account and Eligibility. The Deposit Account is a non-interest-bearing online demand deposit account used to hold your deposits and permits you to make payments and transfers to and from the Deposit Account. You may access your Deposit Account via the Site or the Mobile App. Use of your Debit Card (“Card”) is governed by the Mercury Commercial Debit Cardholder Agreement (“Cardholder Agreement”), and the Cardholder Agreement is also a part of this agreement. You may not apply for or access your Deposit Account or any of the banking services unless your Mercury Account is in good standing. The Deposit Account is a commercial account and is only available to legal entities or individuals who will use the Deposit Account for business purposes. Commercial accounts are those established by any partnership, corporation, association or other entity operated on a for-profit basis; all corporations and associations operated on a not-for-profit-basis; and any individual who intends to use the account for carrying on a trade or business. This agreement and the relationship between you and Banking Provider is that of debtor and creditor, and neither Banking Provider nor Xxxxxxx owes any fiduciary duty to you.
