Eligible Transaction Account Types Sample Clauses

Eligible Transaction Account Types. ▪ Eligible checking, savings, and money market accounts held by you at East West Bank, if access is available through Online Banking Services. Your eligible East West Bank account(s) will be auto-enabled for the Bill Payment Service when you choose to access the feature in the Online Banking Service. All of your external accounts will be required to complete our Account Verification process. ▪ Account must meet our ownership and processing criteria at the time the Bill Payment is requested.
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Eligible Transaction Account Types. ▪ Eligible checking, savings, and money market accounts held by you at East West Bank, if access is available through our Online Banking Services. ▪ Checking, savings, money market checking, and money market savings accounts held at a financial institution or credit union in the United States that are able to accept ACH transfers. ▪ Investment and brokerage accounts held at other institutions. Your eligible East West Bank account(s) will be auto-enabled for the External Transfer Service. All of your external accounts will be required to complete our Account Verification process. ▪ As applicable, the accounts must meet our and the other financial institution’s ownership and processing criteria at the time the External Transfer is requested.
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Eligible Transaction Account Types. ▪ Eligible East West Bank checking, savings, and money market accounts held by you or a business entity for which you are an authorized signer or agent acting in an authorized capacity, if access is available through our Business Online Banking Services. Your eligible East West Bank account(s) will be auto-enabled for the Mobile Deposit Service when you choose to access the feature in the Business Online Banking Service. ▪ Account must meet our ownership and processing criteria at the time the Mobile Deposit is requested.
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Eligible Transaction Account Types. ▪ Eligible checking, savings, and money market accounts held by you at East West Bank, if access is available through our Online Banking Services. ▪ Checking, savings, money market checking, and money market savings accounts held at a financial institution or credit union in the United States that are able to accept ACH transfers. ▪ Investment and brokerage accounts held at other institutions. Your eligible East West Bank account(s) will be auto-enabled for the External Transfer Service. All of your external accounts will be required to complete our Account Verification process. ▪ Account must meet our ownership and processing criteria at the time the External Transfer is requested.
Sample 1
Eligible Transaction Account Types.  Velo Premier Checking Account  Checking, savings, money market checking, and money market savings accounts held at a financial institution or credit union in the United States that are able to accept ACH transfers.  Investment and brokerage accounts held at other institutions. Your eligible Velo by East West Bank account(s) will be auto-enabled for the External Transfer Service. All of your external accounts will be required to complete our Account Verification process.  Account must meet our ownership and processing criteria at the time the Internal Transfer is requested.
Sample 1

Related to Eligible Transaction Account Types

  • Are There Different Types of IRAs or Other Tax Deferred Accounts? Yes. Upon creation of a tax deferred account, you must designate whether the account will be a Traditional IRA, a Xxxx XXX, or a Xxxxxxxxx Education Savings Account (“CESA”). (In addition, there are Simplified Employee Pension Plan (“SEP”) IRAs and Savings Incentive Matched Plan for Employees of Small Employers (“SIMPLE”) IRAs, which are discussed in the Disclosure Statement for Traditional IRAs). • In a Traditional IRA, amounts contributed to the IRA may be tax deductible at the time of contribution. Distributions from the IRA will be taxed upon distribution except to the extent that the distribution represents a return of your own contributions for which you did not claim (or were not eligible to claim) a deduction. • In a Xxxx XXX, amounts contributed to your IRA are taxed at the time of contribution, but distributions from the IRA are not subject to tax if you have held the IRA for certain minimum periods of time (generally, until age 59½ but in some cases longer). • In a Xxxxxxxxx Education Savings Account, you contribute to an IRA maintained on behalf of a beneficiary and do not receive a current deduction. However, if amounts are used for certain educational purposes, neither you nor the beneficiary of the IRA are taxed upon distribution. Each type of account is a custodial account created for the exclusive benefit of the beneficiary – you (or your spouse) in the case of the Traditional IRA and Xxxx XXX, and a named beneficiary in the case of a Xxxxxxxxx Education Savings Account. U.S. Bank, National Association serves as Custodian of the account. Your, your spouse’s or your beneficiary’s (as applicable) interest in the account is nonforfeitable.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

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