Common use of POD Beneficiaries Clause in Contracts

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the Credit Union that a designated account is an account payable to the owner or owners during their lifetime, and upon the death of the last joint owner, payable to any named and surviving POD beneficiary designated on your POD card. If more than one Payee is named, then each shall receive an equal share of the funds in the Account, and the ownership interest of the POD Payee shall be held with the right of survivorship unless otherwise designated. XXX accounts are governed by a separate beneficiary designation. We will at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s interest in any account, except as otherwise provided by law.

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the Credit Union that a designated account is an account payable to the owner or owners during their lifetime, and upon the death of the last joint owner, payable to any named and surviving POD beneficiary designated on your POD card. If more than one Payee is named, then each shall receive an equal share of the funds in the Account, and the ownership interest of the POD Payee shall be held with the right of survivorship unless otherwise designated. XXX IRA accounts are governed by a separate beneficiary designation. We will at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s interest in any account, except as otherwise provided by law.

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the Credit Union that a designated account is an account payable to the owner or owners during their lifetimelifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated on your POD cardAccount Card or electronic account application. If Accounts payable to more than one Payee is named, then each POD beneficiary are owned jointly by such beneficiaries with rights of survivorship. Any POD beneficiary designation shall receive an equal share of the funds in the Account, and the ownership interest of the POD Payee not apply to IRA accounts which shall be held with the right of survivorship unless otherwise designated. XXX accounts are governed by a separate beneficiary designation. We will The Credit Union shall at no time have any obligation to notify any beneficiary of the existence of any account or the vesting of the beneficiary’s 's interest in any account, except as otherwise provided by law.

POD Beneficiaries. A Payable on Death (POD) designation is an instruction to the Credit Union credit union that a designated account is an account payable to the owner or owners during their lifetimelifetimes, and upon the death of the last joint account owner, payable to any named and surviving POD beneficiary designated on your POD cardAccount Card. If Accounts payable to more than one Payee is named, then each POD beneficiary are owned jointly by such benefi- ciaries with right of survivorship. Any POD beneficiary designation shall receive an equal share of the funds in the Account, and the ownership interest of the POD Payee not apply to IRA accounts which shall be held with the right of survivorship unless otherwise designated. XXX accounts are governed by a separate beneficiary designation. We will The credit union shall at no time have any obligation to notify any beneficiary of the existence of any account ac- count or the vesting of the beneficiary’s interest in any account, except as otherwise provided by law.