Common use of Information You Provide Clause in Contracts

Information You Provide. When you open an account, you provide information about yourself and confirm that it is correct. FSB will rely on that information until you notify FSB of a change in that information and FSB has a reasonable time to act on that change. All financial institutions are required by law, including the USA PATRIOT Act, to obtain, verify, and record information that identifies each customer who opens an account with that financial institution and in certain other circumstances. In accordance with applicable law, FSB may also request information about your account activity, such as the sources of funds being deposited into your account and how you intend to use your account. If you fail to provide the information FSB requests, FSB may restrict your access to various services and features that would otherwise be available for all of your accounts with FSB. For example, FSB may restrict your ability to use remote deposit services, such as Deposit@Mobile, until you provide the requested information. Some of the other account activities that FSB may restrict include, but are not limited to USAA funds transfer services on xxxx.xxx; person-to- person transfer services; online bill payment services; debit and ATM card transactions. For certificate of deposit (CD) accounts (including IRAs), FSB may refuse to accept additional deposits and may decline requests for partial withdrawals; FSB may also refuse to renew a CD or may refuse to accept changes to CDs at maturity. For IRAs, FSB may also restrict withdrawals that are not required minimum distributions. In certain circumstances, FSB may elect to close your account(s) and, for a CD prior to maturity and impose the applicable penalty for early withdrawal.

Appears in 2 contracts

Samples: Depository Agreement, Depository Agreement

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Information You Provide. When you open an account, you provide information about yourself and confirm confirm that it is correct. FSB will rely on that information until you notify FSB of a change in that information and FSB has a reasonable time to act on that change. All financial financial institutions are required by law, including the USA PATRIOT Act, to obtain, verify, and record information that identifies identifies each customer who opens an account with that financial financial institution and in certain other circumstances. In accordance with applicable law, FSB may also request information about your account activity, such as the sources of funds being deposited into your account and how you intend to use your account. If you fail to provide the information FSB requests, FSB may restrict your access to various services and features that would otherwise be available for all of your accounts with FSB. For example, FSB may restrict your ability to use remote deposit services, such as Deposit@Mobile, until you provide the requested information. Some of the other account activities that FSB may restrict include, but are not limited to USAA funds transfer services on xxxx.xxx; person-to- person transfer services; online bill payment services; debit and ATM card transactions. For certificate certificate of deposit (CD) accounts (including IRAs), FSB may refuse to accept additional deposits and may decline requests for partial withdrawals; FSB may also refuse to renew a CD or may refuse to accept changes to CDs at maturity. For IRAs, FSB may also restrict withdrawals that are not required minimum distributions. In certain circumstances, FSB may elect to close your account(s) and, for a CD prior to maturity and impose the applicable penalty for early withdrawal.

Appears in 2 contracts

Samples: Depository Agreement, Depository Agreement

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