Common use of Funding Account Clause in Contracts

Funding Account. When you instruct us to make a payment through the Xxxx Payment Service, you must designate an Eastern Bank checking account from which that payment is to be made. This is called the “Funding Account”. The Funding Account must be an account that is accessible through the Services. If you do not have an active Eastern Bank checking account, you may not use Xxxx Payment Service.

Funding Account. When you instruct us to make a payment through the Xxxx Payment Service, you must designate an Eastern Bank checking account from which that payment is to be made. This is called the “Funding Account”. The Funding Account must be an account that is accessible through the Serviceslinked for HomeConnect access. If you do not have an active Eastern Bank checking account, you may not use Xxxx Payment Service.