Common use of Free Credit Balances Clause in Contracts

Free Credit Balances. To the extent that I have elected to participate in the COR Insured Deposit (DLD) program, I authorize You to invest the free credit balances in My account. I authorize You, without further notice, to redeem Myfundsfrom the DLD Program to the extent necessary to satisfy any debits arising in any of My accounts. I understand that I have the option of liquidating the balance of my DLD Program funds and either keeping them or returning the proceeds to My account. I have chosen this option in full understanding of the alternatives available to Me as well as the cost, benefits and risks of this selection and the alternatives.

Appears in 8 contracts

Samples: Account Application and Agreement, Account Application and Agreement, Account Application and Agreement

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Free Credit Balances. To the extent that I have elected to participate in the COR Insured Deposit (DLD) program, I authorize You to invest the free credit balances in My account. I authorize You, without further notice, to redeem Myfundsfrom My funds from the DLD Program to the extent necessary to satisfy any debits arising in any of My accounts. I understand that I have the option of liquidating the balance of my DLD Program funds and either keeping them or returning the proceeds to My account. I have chosen this option in full understanding of the alternatives available to Me as well as the cost, benefits benefits and risks of this selection and the alternatives.

Appears in 1 contract

Samples: Customer Agreement

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