Common use of Dormant and Inactive Accounts and Escheat Laws Clause in Contracts

Dormant and Inactive Accounts and Escheat Laws. An account is “inactive” when there is no customer-initiated activity on the account for either 11 months (on non-Private Banking checking accounts) or 18 months (on savings and money market accounts and IOLTA accounts and Private Banking checking accounts), unless state law prescribes a different period. Examples of customer-initiated activity include making a deposit, withdrawing funds, or making a one-time debit card payment. The account will remain in an inactive status until you resume customer-initiated activity on the account. A checking, savings, or money market account is “dormant” when there is no customer-initiated activity or customer contact for a period of 24 months, unless state law prescribes a different period. For your protection, access to your account will be restricted until you re-establish contact with us. If your account is either inactive or dormant, we may assess an inactive or dormant account charge, as applicable, unless prohibited by law. The account will also remain subject to other applicable service fees and charges. If your account remains dormant or unclaimed for a period of time specified by applicable law, we must deliver your account funds to the state where the primary accountholder resides, under a process known as escheatment. For accounts owned by two (2) or more individuals, the “primary accountholder” is the accountholder that signed the W-9 certification for the account. If you reside in a foreign country or a U.S. Territory, the abandoned property will be escheated to the State of Missouri. Upon delivery of the funds to the state, your account will be closed and will no longer accrue interest (if such account was an interest-bearing account). To recover these funds, you must file a claim with the state to which the funds were remitted. If we are required to mail you an escheat notice, we may charge a fee. REGULATORY DISCLOSURES This section of the booklet includes information that you may find helpful regarding your accounts, and certain disclosures required by government regulation. Information in this section is not part of our Agreement regarding your accounts.

Dormant and Inactive Accounts and Escheat Laws. An account A Deposit Account is “inactive” when there is no customer-initiated activity on the account Deposit Account for either 11 months (on non-Private Banking checking accounts) or 18 months (on savings and money market accounts and IOLTA accounts and Private Banking checking accounts), unless state law prescribes a different period. Examples of customer-customer- initiated activity include making a deposit, withdrawing funds, or making a one-time debit card payment. Examples of activity which is not customer-initiated activity include automatic reoccurring payments, interest, account fees and charges or employer contributions. The account Deposit Account will remain in an inactive status until you resume customer-initiated activity on the accountDeposit Account. A checking, savings, or money market account Deposit Account is “dormant” when there is no customer-initiated activity or customer contact for a period of 24 months, months unless state law prescribes a different period. For your protection, if your Deposit Account is dormant access to your account Deposit Account will be restricted until you re-establish contact with us. If your account Deposit Account is either inactive or dormantinactive, we may assess there will be an inactive or dormant account charge, as applicable, charge unless prohibited by law. Please see the Schedule of Fees and Charges for details. The account Deposit Account will also remain subject to other applicable service fees and chargescharges as long as it remains open. If your account Deposit Account remains dormant or unclaimed for a period of time specified by applicable law, we must deliver your account Deposit Account funds to the state where the primary accountholder resides, you reside under a process known as escheatment. For accounts owned by two (2) or more individuals, the “primary accountholder” is the accountholder that signed the W-9 certification for the account. If you reside in a foreign country or a U.S. Territory, the abandoned property funds will be escheated to the State of Missouri. Upon delivery of the funds to the state, your account Deposit Account will be closed and will no longer accrue interest (if such account was an interest-bearing account). To recover these funds, you must file a claim with the state to which the funds were remitted. Closing or Transferring Accounts You have the right to close or transfer your Deposit Account at any time, subject to giving any prior notice that may be required by law. There will be a service fee when you close or transfer the Deposit Account. Please see the Schedule of Fees and Charges for details. If you decide to close or transfer the Deposit Account, you should stop writing checks on the Deposit Account immediately. All checks written on the Deposit Account that are received for payment by us after the account is closed or transferred will not be paid, but will be returned to the party seeking payment with a notation that such account has been closed. We have the right to close your Deposit Account, by giving you ten days written notice mailed to your address of record. There will not be a service charge if we exercise our right to close your Deposit Account. We are not required to mail give you an escheat noticeadvance notice if we decide to close your account because of improper or unsatisfactory account activity or if you have not complied with these Terms or any other agreements we have with you. IRS Reporting and Withholding In the event you do not provide us with your correct taxpayer identification number as required by Internal Revenue Service Form W-9, you will be subject to the backup withholding requirements of the Internal Revenue Code. Additionally, there are other reasons set forth in the Internal Revenue Code for which you may be subject to backup withholding. If you are subject to backup withholding, we may charge a feewill deduct the required amount from interest paid on any accounts you hold with the Bank and report this to you and to the Internal Revenue Service. REGULATORY DISCLOSURES This section In any event, we will report to you and to the Internal Revenue Service the amount of the booklet includes information that interest earned during each calendar year you may find helpful regarding your accounts, and certain disclosures required by government regulation. Information in this section is not part of our Agreement regarding your accountsmaintain an interest bearing account withus.

Dormant and Inactive Accounts and Escheat Laws. An account is “inactive” when there is no customer-initiated activity on the account for either 11 months (on non-Private Banking checking accounts) or 18 months (on savings and money market accounts and IOLTA accounts and Private Banking checking accounts), ) unless state law prescribes a different period. Examples of customer-initiated activity include making a deposit, withdrawing funds, or making a one-time debit card payment. The account will remain in an inactive status until you resume customer-initiated activity on the account. A checking, savings, or money market account is “dormant” when there is no customer-initiated activity or customer contact for a period of 24 months, unless state law prescribes a different period. For your protection, access to your account will be restricted until you re-establish contact with us. If your account is either inactive or dormant, we may assess an inactive or dormant account charge, as applicable, unless prohibited by law. The account will also remain subject to other applicable service fees and charges. If your account remains dormant or unclaimed for a period of time specified by applicable law, we must deliver your account funds to the state where the primary accountholder resides, under a process known as escheatment. For accounts owned by two (2) or more individuals, the “primary accountholder” is the accountholder that signed the W-9 certification for the account. If you reside in a foreign country or a U.S. Territory, the abandoned property will be escheated to the State of Missouri. Upon delivery of the funds to the state, your account will be closed and will no longer accrue interest (if such account was an interest-bearing account). To recover these funds, you must file a claim with the state to which the funds were remitted. If we are required to mail you an escheat notice, we may charge a fee. REGULATORY DISCLOSURES This section of the booklet includes information that you may find helpful regarding your accounts, and certain disclosures required by government regulation. Information in this section is not part of our Agreement regarding your accounts.