Common use of HOW TO WITHDRAW Clause in Contracts

HOW TO WITHDRAW. You can withdraw from your checking account by presenting a signed check payable to your organization or to "cash." You can also withdraw from your organization’s checking or savings account in person or by mail with a signed withdrawal order. In addition, you can withdraw interest credited, during the current term or at maturity, on CDs in person, by mail or through other electronic facilities. You can withdraw or transfer funds at our HSBC ATMs and other electronic facilities on your checking or savings account. A withdrawal is deemed to be made when recorded on the books of the Bank which is not necessarily the date that the account holder initiated the transaction. The Bank is authorized to rely upon any document provided by you to the Bank which indicates the person(s) authorized to act on your behalf. The Bank may refuse to allow a withdrawal from any account in certain cases including, but not limited to, the following cases: • The Bank decides to require seven (7) days advance written notice and the Bank has not received that notice. • The withdrawal would consist of money deposited in the form of a check (or money order) that is not available for withdrawal. • An authorized signer on the account tells the Bank not to allow a withdrawal. • A court orders the Bank not to allow a withdrawal. • The withdrawal would consist of money the Bank has taken to pay an overdue debt to the Bank. • The withdrawal would consist of money the Bank has been ordered to pay or hold for someone else. • In the case of a Sole Proprietor, an account or CD owner dies, and the Bank has not received all documents required by law. • The Bank has not received any documents or identification required for access to the account. • The account or CD is pledged as collateral. • The account is subject to a Deposit Account Control Agreement or other security agreement. • The account or CD has not matured. • Endorsement irregularity or possible forgery. • There is a dispute regarding the authority of an authorized person to transact business on the account.

Appears in 2 contracts

Samples: Rules for Commercial Deposit Accounts, Rules for Commercial Deposit Accounts

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HOW TO WITHDRAW. You can withdraw from your checking account by presenting a signed check payable to your organization or to "cash." You can also withdraw from your organization’s checking or savings account in person or by mail with a signed withdrawal order. In addition, you can withdraw interest credited, during the current term or at maturity, on CDs in person, by mail or through other electronic facilities. You can withdraw or transfer funds at our HSBC ATMs and other electronic facilities on your checking or savings account. A withdrawal is deemed to be made when recorded on the books of the Bank which is not necessarily the date that the account holder initiated the transaction. The Bank is authorized to rely upon any document provided by you to the Bank which indicates the person(s) authorized to act on your behalf. The Bank may refuse to allow a withdrawal from any account in certain cases including, but not limited to, the following cases: • The Bank decides to require seven (7) days advance written notice and the Bank has not received that noticethatnotice. • The withdrawal would consist of money deposited in the form of a check (or money order) that is not available for withdrawal. • An authorized signer on the account tells the Bank not to allow a withdrawal. • A court orders the Bank not to allow a withdrawal. • The withdrawal would consist of money the Bank has taken to pay an overdue debt to the Bank. • The withdrawal would consist of money the Bank has been ordered to pay or hold for someone elsesomeoneelse. • In the case of a Sole Proprietor, an account or CD owner dies, and the Bank has not received all documents required by law. • The Bank has not received any documents or identification required for access to the account. • The account or CD is pledged as collateral. • The account is subject to a Deposit Account Control Agreement or other security agreement. • The account or CD has not matured. • Endorsement irregularity or possible forgery. • There is a dispute regarding the authority of an authorized person to transact business on the account.

Appears in 1 contract

Samples: Rules for Commercial Deposit Accounts

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HOW TO WITHDRAW. You can withdraw from your checking account by presenting a signed check payable to your organization yourself or to "cash." You can also withdraw from your organization’s checking or savings account in person or by mail with a signed withdrawal order. In addition, addition you can withdraw interest credited, during the current term or at maturity, on CDs in person, by mail or through other electronic facilities. You can withdraw or transfer funds at our HSBC ATMs and other electronic facilities on your checking or savings account. A withdrawal is deemed to be made when recorded on the books of the Bank which is not necessarily the date that the account holder initiated the transaction. The Bank is authorized to rely upon any document provided by you to the Bank which indicates the person(s) authorized to act on your behalf. The Bank may refuse to allow a withdrawal from any account in certain cases including, but not limited to, the following cases: The Bank decides to require seven (7) days advance written notice and the Bank has not received that notice. The withdrawal would consist of money deposited in the form of a check (or money order) that is not available for withdrawal. An authorized signer on the account tells the Bank not to allow a withdrawal. A court orders the Bank not to allow a withdrawal. The withdrawal would consist of money the Bank has taken to pay an overdue debt to the Bank. The withdrawal would consist of money the Bank has been ordered to pay or hold for someone else. In the case of a Sole Proprietor, an account or CD owner dies, and the Bank has not received all documents required by law. The Bank has not received any documents or identification required for access to the account. The account or CD is pledged as collateral. The account is subject to a Deposit Account Control Agreement or other security agreement. The account or CD has not matured. Endorsement irregularity or possible forgery. There is a dispute regarding the authority of an authorized person to transact business on the account.

Appears in 1 contract

Samples: Rules for Commercial Deposit Accounts

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