RULES FOR CHECKING ACCOUNTS. A checking account is a demand deposit account. That means we reserve no right to require notice before withdrawal from checking accounts and permit unlimited numbers of transfers to third parties by check. Checking Accounts may be owned by individuals or businesses.
Appears in 2 contracts
Samples: Consumer Deposit Account Contract, Consumer Deposit Account Contract
RULES FOR CHECKING ACCOUNTS. 5.1 Demand Deposit. A checking account is a demand deposit account. That means we reserve no right to require notice before withdrawal from checking accounts and permit unlimited numbers of transfers to third parties by checkcheck or by other means. We will pay no interest on a checking account.
5.2 Availability. Checking Accounts may be owned by individuals or businesses.
Appears in 2 contracts
Samples: Consumer Deposit Account Contract, Consumer Deposit Account Contract
RULES FOR CHECKING ACCOUNTS. 4.1 Demand Deposit. A checking account is a demand deposit account. That This means we do not reserve no the right to require notice before withdrawal from these accounts. We do not pay interest on a checking accounts and permit unlimited numbers of transfers to third parties by checkaccount.
4.2 Availability . Checking Accounts accounts may be owned by individuals an individual or businessesany form of legal entity.
Appears in 1 contract
Samples: Business Deposit Account Agreement