Common use of Savings Account Titling and Ownership Clause in Contracts

Savings Account Titling and Ownership. The Varo Savings Account may only be owned and titled in the name of one (1) person, who solely retains the right to deposit, transfer, or withdraw funds. The Varo Savings Account cannot be owned or titled jointly, by an organization, as "Payable on Death" (referred to as "POD"), "In Trust For" (referred to as "ITF"), or under “Power of Attorney.”

Appears in 2 contracts

Samples: Savings Account Agreement, Savings Account Agreement

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Savings Account Titling and Ownership. The A Varo Savings Account may only be owned and titled in the name of one (1) person, natural person who shall solely retains retain the right to deposit, transfer, direct the deposit or withdraw transfer of funds. The Varo Savings Account cannot be owned or titled jointly, by an organization, or as "Payable a payable on Death" death (referred to as "POD"), "In Trust For" ) or an in trust for (referred to as "ITF"), or under “Power of Attorney) account.

Appears in 2 contracts

Samples: resources.varomoney.com, resources.varomoney.com

Savings Account Titling and Ownership. The Varo Savings Account may only be owned and titled in the name of one (1) person, who solely retains the right to deposit, transfer, or withdraw funds. The Varo Savings Account cannot be owned or titled jointly, by an organization, as "Payable on Death" (referred to as "POD"), "In Trust For" (referred to as "ITF"), or under “Power of Attorney.

Appears in 1 contract

Samples: Savings Account Agreement

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Savings Account Titling and Ownership. The A Varo Savings Account may only be owned and titled in the name of one (1) person, natural person who shall solely retains retain the right to deposit, transfer, direct the deposit or withdraw transfer of funds. The Varo Savings Account cannot be owned or titled jointly, by an organization, or as "Payable a payable on Death" death (referred to as "POD"), "In Trust For" ”) or an in trust for (referred to as "ITF"), or under “Power of Attorney”) account.

Appears in 1 contract

Samples: Savings Account Agreement

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