Common use of Eligible Transaction Account Types Clause in Contracts

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.