Common use of Deposit Procedures Clause in Contracts

Deposit Procedures. You agree that, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree that, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to us. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to us. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider at any time at xxxxxxx@xxxxxxx.xxx to determine your Sub-Deposit Account balances at each Program Bank.

Appears in 1 contract

Samples: cdn.prod.website-files.com

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Deposit Procedures. You agree thatthat Bank, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open Bank has opened both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree thatthat Bank, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we Bank will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to usBank. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to usBank. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider Synapse at any time at xxxxxxx@xxxxxxx.xxx xxxx@xxxxxxxxx.xxx to determine your Sub-Deposit Account balances at each Program Bank.

Appears in 1 contract

Samples: assets.website-files.com

Deposit Procedures. You agree that, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree that, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to us. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to us. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider at any time at xxxxxxx@xxxxxxx.xxx to xxxxxxx@xxxxxxxx.xxxxx determine your Sub-Deposit Account balances at each Program Bank.

Appears in 1 contract

Samples: playfora.org

Deposit Procedures. You agree thatthat Bank, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open Bank has opened both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree thatthat Bank, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we Bank will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to usBank. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Program Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to usBank. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider at any time at xxxxxxx@xxxxxxx.xxx xxxxxxxxxxx@xxxxxxxxxxx.xxx to determine your Sub-Deposit Account balances at each Program Bank.

Appears in 1 contract

Samples: Agreement

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Deposit Procedures. You agree that, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree that, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to us. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to us. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider at any time at xxxxxxx@xxxxxxx.xxx to xxxxxxx@xxxxxx.xxxxx determine your Sub-Deposit Account balances at each Program Bank.

Appears in 1 contract

Samples: Account and Cardholder Agreement

Deposit Procedures. You agree that, as your agent, we may open one or more Sub-Deposit Accounts on your behalf at one or more of the Program Banks on the then current Bank List. If we open both an MMDA and a TA at a Program Bank, all deposits will be made into your MMDA and/or TA, subject to six (6) monthly withdrawal limits applicable to MMDA. You agree that, as your agent, we may place your funds at one or more Program Banks without limit and without regard to the Deposit Limit. You agree that we will place your funds based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks on Sub-Deposit Accounts or fees paid to us. Please see the section titled “Waiver of Conflicts” for additional information. You understand and agree that deposit amounts in excess of the Deposit Limit at a Priority Bank and deposit amounts at an Excess Bank will not be insured by the FDIC. Periodically, your previously deposited funds may be reallocated among the Program Banks on a revised Bank List based on each Program Bank’s available capacity or other criteria, including rates paid by Program Banks to us. You understand and agree that it is your obligation to monitor your funds deposited at all Program Banks. You may email Service Provider at any time at xxxxxxx@xxxxxxx.xxx xxxxxxx@xxxx.xxxxx to determine your Sub-Deposit Account balances at each Program Bank.

Appears in 1 contract

Samples: assets-global.website-files.com

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