Common use of Notice of Withdrawals Clause in Contracts

Notice of Withdrawals. FSB may require 7 days advance notice to withdraw or transfer funds from any account. It is unlikely, however, that FSB would require this notice. Multiple Signatures FSB may transfer funds between your accounts and take other action on the oral or written instructions of any authorized signer on your account. FSB may require written authorization for some actions. FSB only offers accounts which require one signature for a withdrawal. Even if you indicate on your checks or signature card or other account documents that more than one signature is required for withdrawal, you authorize FSB to pay out funds from your account if the check, item, or other withdrawal instruction is signed or approved by any one of the persons authorized to sign on the account.

Appears in 4 contracts

Samples: Depository Agreement and Disclosures, Depository Agreement and Disclosures, Depository Agreement and Disclosures

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