Common use of Transactors & Accounts, Products and Services Clause in Contracts

Transactors & Accounts, Products and Services. You as an owner may designate a person (or persons) to be a trans- actor on the accounts, products and services you have with us. A transactor is authorized by you to conduct transactions on (i.e., de- posit and withdraw funds, and obtain information about) the ac- counts, products and services on your behalf. We will require your transactor to provide her or his ID and information and to consent to the MSA. A transactor only has the right to conduct transactions on the accounts, products and services, and has no ownership or sur- vivorship rights to the funds in the accounts, or other rights to the accounts, products and services. Further, a transactor cannot take action to start, change, add or terminate an account, product or service, except to remove her or himself from the accounts, products and services as explained in this Provision. You also agree a trans- actor may conduct any transaction by cash, check, EFT, wire, etc., by any method we allow on your behalf, acting alone, with or with- out the knowledge, signature, endorsement or authorization of any other owner or transactor on the account(s), product(s) or ser- vice(s). If you request us to designate a person as a transactor by entering the transactor’s information in our records or as we allow without signing or authorizing a form, you agree this person is a transactor. You further agree this person may subsequently sign or authorize a form as a transactor. Once you have designated a transactor, it is your sole responsibil- ity (and not our responsibility) to monitor the transactor’s transac- tions on the accounts, products and services. You agree we have no duty or responsibility to monitor, inquire about or notify you of the use and purpose of any transaction conducted by your trans- actor, or assure that any transaction is for your benefit. You also agree you take full responsibility for any transactor, and for all transactions on the accounts, products and services by your trans- actor. The transactor’s authority to conduct transactions will con- tinue until we receive notice (which we may require in writing) that you have terminated the transactor’s authority or of your death, and we have a reasonable opportunity to act on that notice. Any owner may remove a transactor from the accounts, products and ser- vices, which we may require to be confirmed in writing. We may also suspend any further actions and transactions on the account until you sign or authorize an updated form (or remove the trans- actor as we allow) or terminate the accounts, products and ser- vices. A transactor may remove her or himself from the accounts, products and services you have with us, and we have no duty to notify an owner of the removal. If a transactor decides to remove her or himself, we may require her or him to notify us in writing and/or sign or authorize a form (or be removed as we allow). A transactor’s removal from the accounts, products and services, does not relieve the transactor from any responsibilities, obliga- tions or liabilities for transactions conducted as a transactor under the MSA. In the event of your death on a one owner account, or the death of the final surviving owner on a multiple owner account, any funds in the account will be disbursed as explained in the MSA.

Transactors & Accounts, Products and Services. You as an owner A repre- sentative may designate a person (or persons) to be a trans- actor transactor on the accounts, products and services you have that the business or organiza- tion has with us. A transactor is authorized by you to conduct transactions trans- actions on (i.e., de- posit deposit and withdraw funds, and obtain information about) the ac- countsaccounts, products and services on your behalfbehalf of the busi- ness or organization. We will require your each transactor to provide all her or his ID and information and to ID (as explained in Provisions 3.b. and 4. above) and consent to the MSABSA. A transactor only has the right to conduct transactions on the accounts, products and services, and has no ownership or sur- vivorship rights to the funds in the accounts, or other rights to the accounts, products and services. Further, a transactor cannot take action to start, change, add or terminate an account, product or service, except to remove her or himself from the accounts, products and services as explained in this Provision. You understand and agree any transactor may sign the signature of any representative or other transactor on an account, product or service (such as to issue or deposit checks or initiate wires), and guarantees the signature or authorization of any or all other repre- sentatives and transactors for all transactions on the accounts, products and services. You also agree a trans- actor transactor may conduct any transaction by cash, check, EFT, wire, etc., by any method we allow on your behalf, behalf of the business or organization acting alone, with or with- out without the knowledge, signature, endorsement or authorization of any other owner representative or transactor on the account(s), product(sprod- uct(s) or ser- vice(sservice(s). If you request us to designate a person as a transactor by entering the transactor’s information in our records or as we allow without signing or authorizing a form, you agree this person per- son is a transactor. You further agree this person may subsequently sign or authorize a form as a transactor. Once you have designated a transactor, it is your sole responsibil- ity responsibility (and not our responsibility) to monitor the transactor’s transac- tions transactions on the accounts, products and services. You agree we have no duty or responsibility to monitor, inquire about or notify you of the use and purpose of any transaction conducted by your trans- actortransactor, or assure that any transaction is for your benefit. You also agree understand you take full responsibility for any transactor, and for all transactions on the accounts, products and services by your trans- actortransactor. You agree the business or organization is responsible for any fees, costs, losses or liabilities incurred for any transaction on an account, product or service conducted by a transactor, regardless of whether the business or organization ben- efited from the transaction. The transactor’s authority to conduct transactions will con- tinue continue until we receive notice (which we may require re- quire in writing) that you have terminated the transactor’s authority or of your deathauthority, and we have a reasonable opportunity to act on that notice. Any owner repre- sentative may remove a transactor from the accounts, products and ser- vicesservices, which we may require to be confirmed in writing. We may also suspend any further actions and transactions on the account until you sign or authorize an updated form (or remove the trans- actor transac- tor as we allow) or terminate the accounts, products and ser- vicesservices. A transactor may remove her or himself from the accounts, products and services you have with us, and we have no duty to notify an owner the business, organization or any representative of the removal. If a transactor decides to remove her or himself, we may require her or him to notify us in writing and/or sign or authorize a form (or be removed as we allow). A transactor’s removal from the accounts, products and services, does not relieve the business, organization or the transactor from any responsibilities, obliga- tions obligations or liabilities for transactions conducted as a by the transactor under the MSA. In the event of your death on a one owner account, or the death of the final surviving owner on a multiple owner account, any funds in the account will be disbursed as explained in the MSABSA.

Transactors & Accounts, Products and Services. You as an owner A repre- sentative may designate a person (or persons) to be a trans- actor transactor on the accounts, products and services you have that the business or organ- ization has with us. A transactor is authorized by you to conduct transactions on (i.e., de- posit deposit and withdraw funds, and obtain information infor- mation about) the ac- countsaccounts, products and services on your behalfbehalf of the business or organization. We will require your each transactor to provide all her or his ID and information and to ID (as explained in Provisions 3.b. and 4. above) and consent to the MSABSA. A transactor only has the right to conduct transactions on the accounts, products and servicesser- vices, and has no ownership or sur- vivorship rights to the funds in the accounts, or other rights to the accounts, products and servicesser- vices. Further, a transactor cannot take action to start, change, add or terminate an account, product or service, except to remove her or himself from the accounts, products and services as explained in this Provision. You understand and agree any transactor may sign the signature of any representative or other transactor on an account, product or service (such as to issue or deposit checks or initiate wires), and guarantees the signature or authorization of any or all other representatives and transactors for all transactions on the accounts, products and services. You also agree a trans- actor transactor may conduct any transaction by cash, check, EFT, wire, etc., by any method we allow on your behalf, acting behalf of the business or organization act- ing alone, with or with- out without the knowledge, signature, endorsement or authorization of any other owner representative or transactor on the account(s), product(s) or ser- vice(sservice(s). If you request us to designate a person as a transactor by entering the transactor’s information in our records or as we allow without signing or authorizing a form, you agree this person is a transactor. You further agree this person may subsequently sign or authorize a form as a transactor. Once you have designated a transactor, it is your sole responsibil- ity responsibility (and not our responsibility) to monitor the transactor’s transac- tions transactions on the accounts, products and services. You agree we have no duty or responsibility to monitor, inquire about or notify you of the use and purpose of any transaction conducted by your trans- actortransactor, or assure that any transaction is for your benefit. You also agree understand you take full responsibility for any transactor, and for all transactions on the accounts, products and services by your trans- actortransactor. You agree the business or organization is responsible for any service charges, costs, losses or liabilities incurred for any transaction on an ac- count, product or service conducted by a transactor, regardless of whether the business or organization benefited from the transac- tion. The transactor’s authority to conduct transactions will con- tinue continue until we receive notice (which we may require in writing) that you have terminated the transactor’s authority or of your deathauthority, and we have a reasonable opportunity to act on that notice. Any owner representative may remove a transactor from the accounts, products and ser- vicesservices, which we may require to be confirmed in writing. We may also suspend any further fur- ther actions and transactions on the account until you sign or authorize au- thorize an updated form (or remove the trans- actor transactor as we allow) or terminate the accounts, products and ser- vicesservices. A transactor may remove her or himself from the accounts, products and services you have with us, and we have no duty to notify an owner the business, or- ganization or any representative of the removal. If a transactor decides de- cides to remove her or himself, we may require her or him to notify us in writing and/or sign or authorize a form (or be removed as we allow). A transactor’s removal from the accounts, products and servicesser- vices, does not relieve the business, organization or the transactor from any responsibilities, obliga- tions obligations or liabilities for transactions conducted as a by the transactor under the MSA. In the event of your death on a one owner account, or the death of the final surviving owner on a multiple owner account, any funds in the account will be disbursed as explained in the MSABSA.