Transfer of Account Ownership. I understand that if I transfer an Account to any other person, I will cease to have any right, title, claim or interest in the Account and that the transfer is irrevocable.
Transfer of Account Ownership. You may not transfer any of your rights to your Account without our consent. Ownership of your Account is only transferable on our records with our consent. Even if we consent, we may require you to close that Account and have the new Account Owner open a new Account in his or her name. IRAs may not be transferred except to a qualified successor custodian or trustee. You may be liable for a fee upon transfer of your Account as described in the Deposit Account Disclosure.
Transfer of Account Ownership. You may transfer the ownership of your Account to another individual or entity that is eligible to be an Account Owner by submitting the appropriate Direct Plan form. You do not need to change the Beneficiary if you transfer Account ownership. A transfer of the ownership of an Account will be effective only if the assignment is irrevocable and transfers all rights, title and interest in the Account. Certain types of Account Owners that are not individuals may be subject to restrictions on their ability to transfer ownership of the Account. You should consult with a qualified advisor regarding the possible tax and legal consequences of transferring ownership of an Account. Contributions Who May Contribute. Anyone (including your friends and family) may make a contribution to your Account. A person, other than the Account Owner, who contributes to an Account will not retain any rights with respect to such contribution—for example, only the Account Owner may give investment instructions for contributions or request withdrawals from the Account. Contribution Minimums. The minimum initial and subsequent contribution to an Account is $25 in each Investment Option selected or $15 per pay period per Investment Option selected if you contribute using payroll deduction. Methods of Contribution. Contributions to an Account, which must be in U.S. dollars, may be made: • By check drawn on a banking institution located in the United States. • By recurring automatic fund transfers from a checking or savings account. • With a one-time electronic funds transfer from a checking or savings account. • Through payroll deduction. • With an incoming rollover from another state’s 529 Plan, or from within the Trust from an account for a different Beneficiary. • With redemption proceeds from a Xxxxxxxxx Education Savings Account (“Xxxxxxxxx ESA”) or a “qualified United States savings bond” described in IRC Section 135 (“qualified U.S. savings bond”). Impermissible Methods of Contribution. The Direct Plan cannot accept contributions made by cash, starter check, traveler’s check, credit card, convenience check or money order. Checks. Checks should be made payable to the “Connecticut Higher Education Trust.” Personal checks, bank drafts, tellers’ checks, cashier’s checks and checks issued by a financial institution or brokerage firm payable to the Account Owner and endorsed over to the Direct Plan by the Account Owner are permitted, as are third-party personal checks up to $10,000 tha...
Transfer of Account Ownership. You may transfer the ownership of your Account to another individual or entity that is eligible to be an Account Owner by submitting the appropriate Plan form. You do not need to change the Beneficiary if you transfer Account ownership. A transfer of the ownership of an Account will be effective only if the assignment is irrevocable, and transfers all rights, title and interest in the Account. Certain types of Account Owners that are not individuals may be subject to restrictions on their ability to transfer ownership of the Account. A change in Account ownership may have income or gift tax consequences. You should consult with a qualified advisor regarding the possible tax and legal consequences of transferring ownership of an Account. Contributions Who May Contribute. Anyone (including your friends and family) may make a contribution to your Account. However, there may be gift or other adverse tax consequences to the contributor and/or the Account Owner. A person, other than the Account Owner, who contributes to an Account, will not retain any rights with respect to such contribution — for example, only the Account Owner may give investment instructions for contributions or request withdrawals from the Account. Contribution Minimums. The minimum initial and subsequent contribution to an Account is $25 in each Investment Option selected or $15 per pay period per Investment Option selected if you contribute using payroll deduction. Methods of Contribution. Contributions to an Account, which must be in U.S. dollars, may be made: • By check drawn on a banking institution located in the U.S. • By recurring automatic fund transfers from a checking or savings account. • With a one-time electronic funds transfer from a checking or savings account. • Through payroll deduction. • With an incoming rollover from another state’s 529 Plan or from the Prepaid Program, or from within the Plan from an Account for a different Beneficiary. • With redemption proceeds from a Xxxxxxxxx Education Savings Account (“Xxxxxxxxx ESA”) or a qualified U.S. savings bond. Impermissible Methods of Contribution. The Plan cannot accept contributions made by cash, starter check, traveler’s check, credit card, convenience check, cashier’s check or money order. Checks. Checks should be made payable to the “Mississippi Affordable College Savings Program.” Personal checks, bank drafts, tellers’ checks and checks issued by a financial institution or brokerage firm payable to the Account Owner a...
Transfer of Account Ownership. You may transfer the ownership of your Account to another individual or entity that is eligible to be an Account Owner by submitting the appropriate Plan form. You do not need to change the Beneficiary if you transfer Account ownership. A transfer of the ownership of an Account will be effective only if the assignment is irrevocable, and transfers all rights, title, and interest in the Account. Certain types of Account Owners who are not individuals may be subject to restrictions on their ability to transfer ownership of the Account. You should consult with a qualified advisor regarding the possible tax and legal consequences of making changes to your Account.
Transfer of Account Ownership. You may not pledge, grant a security interest, or transfer ownership or any of your rights in your Account without the Credit Union’s consent, which we may withhold. The ownership of your Account is transferable only on our records with our consent. Even if we consent to an ownership transfer, we may require you to close that Account and have the new Account owner open a new Account in his or her own name. Right to require advance notice of withdrawals. The credit union retains the right, at any time, to require you to give 30 days’ prior written notice of intention to withdraw the whole or any part of any Account. Involuntary Account closure. We may close any of your Accounts at any time for any reason. Upon closing the Account we will give you notice and a check for the balance or notify you that the funds have been transferred to another Account you own. Any items presented after your Account is closed will be returned unpaid. After your Account is closed, you agree we have no obligation to accept deposits or pay outstanding items. In addition, after the Account is closed, you agree to remain liable for fees and other obligations related to your Account, regardless of when they were incurred, including liability for all outstanding items. We have the right to advise credit bureaus if your Account is closed for misuse. The provisions of this Agreement will be binding after your Account is closed and shall remain binding between you and Credit Union, including, but not limited to, indemnification obligations and limitations on liability. You may close your checking or savings account at any time without advance notice, except that we may require you to give us seven (7) days advance notice when you intend to close your savings or interest-bearing checking account by withdrawing your funds. Federal share insurance. This credit union is federally insured by the National Credit Union Administration and backed by the full faith and credit of the United States. Share accounts in federally insured credit unions are insured up to $250,000. All coverage is governed solely by NCUA regulations. Generally, if a credit union member has more than one account in the same credit union of the same ownership, those accounts are added together and insured in the aggregate. There are exceptions though. You may have additional separate coverage on multiple accounts, but only if you have different ownership interests or rights in different types of accounts and you properly c...
Transfer of Account Ownership. Ownership of your Accounts is only transferable on our records with our prior consent. Even if we consent, we may require you to close your Accounts and have the new Account Owner open new Accounts in their name.
