General Rules Governing Deposit Accounts Sample Clauses
General Rules Governing Deposit Accounts. The Account and your obligations under this Agreement may not be assigned. We may transfer our rights under this Agreement. Use of the Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Agreement shall not be affected. This Agreement will be governed by the law of the State of Delaware except to the extent governed by federal law.
General Rules Governing Deposit Accounts. The Varo Bank Account and your obligations under this Bank Account Agreement may not be assigned. We may transfer our rights under this Bank Account Agreement. Use of the Varo Bank Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Bank Account Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Bank Account Agreement shall not be affected. This Bank Account Agreement will be governed by the law of the State of Utah except to the extent governed by federal law.
1. Deposits to the Varo Bank Account You can make deposits to your Varo Bank account by any of the methods below. These are the itemized deposit limits for your Varo Bank Account, which limits may be modified from time to time depending on activity on this account and any other Varo Accounts you may hold, and also whether or not you have activated the Card: Transaction type Frequency and/or Dollar Limits Online Transfer from Varo Savings Account to the Varo Bank Account No limit to the number of times per calendar day and no maximum dollar limit, as long as under available balance in the Varo Savings Account Direct deposits of Automated Clearing House ("ACH") transfer initiated from an outside financial institution* No limit to the number of times per calendar day and no maximum dollar limit ACH transfers to the Varo Bank Account using the Mobile App Limits will be disclosed to you when you access the ACH Transfer feature using the Mobile App. Varo may change such limits at any time at our sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Cash Deposits via Third Party Money Transfer Services** Please see ▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/locations for more information about participating locations. Limits: ● $1,000 per calendar day ● $5,000 per calendar month Please note that the deposit location may charge up to $5.95 for this service. Mobile check deposit Limits will be disclosed to you when you access the Mobile Deposit feature using the Mobile App. Varo may change such limits at any time at our sole discretion. Limits may be changed based on the length of time the Varo Bank Account has ...
General Rules Governing Deposit Accounts. The Account and your obligations under this Agreement may not be assigned. We may transfer our rights under this Agreement. Use of the Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Agreement shall not be affected. This Agreement will be governed by the law of the State of Minnesota except to the extent governed by federal law.
General Rules Governing Deposit Accounts. From time to time, Bank may offer, or you may open, a variety of Accounts. Each such Account is subject to the general terms and conditions and any specific terms and conditions relating to that type of account as set forth in this Agreement. If you open multiple Accounts, you may receive Schedule information for each Account, but this Agreement will govern all your Accounts.
General Rules Governing Deposit Accounts. The Varo Bank Account and your obligations under this Bank Account Agreement may not be assigned. We may transfer our rights under this Bank Account Agreement. Use of the Varo Bank Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Bank Account Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Bank Account Agreement shall not be affected. This Bank Account Agreement will be governed by the law of the State of Utah except to the extent governed by federal law.
1. Deposits to the Varo Bank Account Transaction type Frequency and/or Dollar Limits
2. No Cash, Paper Checks or Foreign Currency
General Rules Governing Deposit Accounts. A. Notices and periodic account statements.
General Rules Governing Deposit Accounts. The Account and your obligations under this Agreement may not be assigned. Any permitted assignment of your Current Account is subject to our set off rights. We may transfer our rights under this Agreement. This Agreement will be binding on your personal representative, executors, administrators, and successors and our successors and assigns. Use of the Current Account is subject to all applicable rules and customs of any clearinghouse, payment card network, or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Agreement shall not be affected, and you and we agree to replace such unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement will be enforceable as so modified.
General Rules Governing Deposit Accounts. The Varo Bank Account and your obligations under this Agreement may not be assigned. We may transfer our rights under this Agreement. Use of the Varo Bank Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Agreement shall not be affected. This Agreement will be governed by the law of the State of Delaware except to the extent governed by federal law.
1. Deposits to the Varo Bank Account IMPORTANT: If your Varo Bank Account number changes you must immediately notify your employer or any other payors. You must provide them with the new Varo Bank Account number to ensure that your direct deposit activity continues uninterrupted. Note: The recipient’s name on any direct deposit(s) we receive must match the name of the Varo Bank Account holder. Any direct deposits received in a name other than the name registered to the Varo Bank Account will be returned to the originator.
2. No Cash, Paper Checks or Foreign Currency Cash– We do not accept deposits made in cash. If we receive a cash deposit by mail, the cash will be mailed back to the address we have for you on file.
General Rules Governing Deposit Accounts. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. ACCOUNT NOT TRANSFERRABLE OR ASSIGNABLE Your account may not be transferred or assigned to any other person or entity without our prior written consent. DEPOSITS We will usually give you provisional credit for items deposited into your account, other than cash. Transactions received after our “daily cutoff time” on a business day or received on a non-business day will be recorded on the next business day. We may delay or refuse to give you provisional credit if we believe, in our discretion, that your item will not be paid. We will reverse any provisional credit we have given for an item deposited into your account if we do not receive final credit for that item and charge you a fee (see Fee Schedule). We will determine when final credit is received for any item. Please read the Funds Availability Policy below for a detailed discussion of how and when we make funds available to you. We will accept certain items like foreign checks and bond coupons for collection only. Items for collection only will not receive credit (provisional or otherwise), and you may not withdraw funds against any of these items until we receive final credit from the person responsible for paying them. Items sent for collection will be credited to your account in U.S. dollars, with the amount of U.S. dollars credited calculated using our applicable exchange rate that is in effect on the date of collection and not when the item is presented to us for collection. The Funds Availability Policy does not apply to items we have accepted for collection only. The Bank may, unless prohibited by applicable law, require more than one form of identification before permitting withdrawals or opening an account. There are also instances in which the Bank reserves the right not to accept a check for deposit or cash even though one or more forms of identification are provided. Endorsements – You must sign (endorse) a check that you cash or deposit as set forth below. We may endorse...
General Rules Governing Deposit Accounts. Changes to Your Account Joint Accounts