THE CUSTOMER ACCOUNT AND ROLES OF UMB AND UNIFIMONEY Sample Clauses

THE CUSTOMER ACCOUNT AND ROLES OF UMB AND UNIFIMONEY. (a) The Checking Account. At your direction through the UNIFIMONEY Dashboard, UMB will open a Checking Account in your name on its books and records. Your Checking Account will hold all funds you direct to be transferred to your Checking Account until those funds are swept into a Program Account. Similarly, your Checking Account will hold funds that have been swept from a Program Account back to your Checking Account until they are used to satisfy a debit against your Checking Account, are transferred to DriveWealth pursuant to this Agreement, or are transferred back to a Linked External Account. Under no circumstances will UNIFIMONEY be liable for your losses or damages for the failure to complete a transfer to or from your Checking Account on time or in the correct amount.
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