Common use of RULES FOR CHECKING ACCOUNTS Clause in Contracts

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

AutoNDA by SimpleDocs

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

AutoNDA by SimpleDocs

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!