Using a Family Account Sample Clauses

Using a Family Account. Each Family Account has a standalone balance, separate from your primary deposit account and any other Family Accounts. Except as otherwise provided in this Agreement, each Family Cardholder may use their Family Account and associated Card for transactions, and their use thereof is subject to the terms and conditions in this Agreement. Although each Family Account is subject to the transaction limits specified this Agreement, Family Account transactions are not counted toward the transaction limits for your primary deposit account. The amount of transactions performed with a Family Account or a Card associated with a Family Account, including all fees related thereto, will be debited from the funds associated with that Family Account. The Available Balance for each Family Account is calculated in the same manner as the Available Balance is calculated for your Account, as described in Section 9 titled “We Use The Available Balance Method”. For clarity, the Available Balance of your Account does not include the Available Balance in any Family Account, and the Available Balance of a Family Account does not include the Available Balance of your Account or any other Family Account. Any merchant refunds or other amounts credited in connection with transactions performed with a Family Account or a Card associated with a Family Account will be added to the balance associated with the Family Account. Family Cardholders should get a receipt at the time they make a transaction or obtain cash using their Cards. If the Available Balance of a Family Account is insufficient to cover the amount of a transaction, the transaction will be declined. Family Accounts are not eligible for Overdraft Protection. Nevertheless, if a Family Account has a negative balance, we may deduct the negative balance amount from any current or future funds on your primary deposit account, your Savings Account, any other Family Account, or any other card or account you open or maintain with the Bank.
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Using a Family Account. Each Family Cardholder may use their Family Account and associated Card for transactions, subject to the balance of funds associated with their Family Account and the terms and conditions of these Terms and the Cardholder Agreement. Each Family Account is subject to the transaction limits specified in the Cardholder Agreement. Family Account transactions are not counted toward the transaction limits for your primary Card account. The amount of transactions performed with a Family Account or a Card associated with a Family Account, including all fees related thereto, will be debited from the available balance of funds associated with that Family Account. Any merchant refunds or other amounts credited in connection with transactions performed with a Family Account or a Card associated with a Family Account will be added to the balance associated with the Family Account. Family Cardholders should get a receipt at the time they make a transaction or obtain cash using their Cards. If there are insufficient funds associated with a Family Account to cover the amount of a transaction, the transaction will be declined. Nevertheless, if a Family Account has a negative balance, we may deduct the negative balance amount from any current or future funds on your primary Card account or any other card or account you register or maintain with the Bank.
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Related to Using a Family Account

  • New Entity Accounts The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts and accounts held by Nonparticipating Financial Institutions among Financial Accounts held by Entities and opened on or after July 1, 2014 (“New Entity Accounts”).

  • Accounts Excluded from Financial Accounts The following accounts are excluded from the definition of Financial Accounts and therefore shall not be treated as U.S. Reportable Accounts.

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

  • USING YOUR ACCOUNT If you are approved for an account, the Credit Union will establish a line of credit for you. You agree that your credit limit is the maximum amount (purchases, cash advances, finance charges, plus "other charges") which you will have outstanding on your account at any time. Unless disclosed otherwise, the Credit Union will not allow advances over the credit limit. If the Credit Union has a program whereby it allows payment of advances that exceed your credit limit, subject to a fee, the Credit Union will provide you with notice, either orally, in writing, or electronically (notwithstanding the requirements of the paragraph entitled “Statements and Notices”) explaining your right to opt in to the Credit Union’s program whereby it will honor advance requests over the credit limit. In the event you opt in to such a program, you agree to the terms of such a program. You may request an increase in your credit limit only by a method acceptable to the Credit Union. The Credit Union may increase or decrease your credit limit, refuse to make an advance and/or terminate your account at any time for any reason not prohibited by law. If you are permitted to obtain cash advances on your account, we may, from time to time, issue convenience checks to you that may be drawn on your account. Convenience checks may not be used to make a payment on your account balance. If you use a convenience check, it will be posted to your account as a cash advance. We reserve the right to refuse to pay a convenience check drawn on your account for any reason and such refusal shall not constitute wrongful dishonor. You may request that we stop the payment of a convenience check drawn on your account. You agree to pay any fee imposed to stop a payment on a convenience check issued on your account. You may make a stop payment request orally, if permitted, or in writing. Your request must be made with sufficient time in advance of the presentment of the check for payment to give us a reasonable opportunity to act on your request. In addition, your request must accurately describe the check including the exact account number, the payee, any check number that may be applicable, and the exact amount of the check. If permitted, you may make a stop payment request orally but such a request will expire after 14 days unless you confirm your request in writing within that time. Written stop payment orders are effective only for six months and may be renewed for additional six month periods by requesting in writing that the stop payment order be renewed. We are not required to notify you when a stop payment order expires. If we re-credit your account after paying a check or draft over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to assign to us all of your rights against the payee or other holders of the check or draft and to assist us in any legal action. You agree to indemnify and hold us harmless from all costs and expenses, including attorney's fees, damages, or claims, related to our honoring your stop payment request or in failing to stop payment of an item as a result of incorrect information provided to us or the giving of inadequate time to act upon a stop payment request.

  • Others Using Your Account If you allow anyone else to use your account, you will be liable for all credit extended to such persons. You promise to pay for all purchases and advances made by anyone you authorize to use your account, whether or not you notify us that he or she will be using it. If someone else is authorized to use your account and you want to end that person's privilege, you must notify us in writing, and if he or she has a Card, you must return that Card with your written notice for it to be effective.

  • When Must Distributions from a Traditional IRA Begin You must begin receiving the assets in your account no later than April 1 following the calendar year in which you reach RMD age.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • Aggregation of Entity Accounts For purposes of determining the aggregate balance or value of accounts held by an Entity, a Reporting Financial Institution shall be required to take into account all accounts held by Entities that are maintained by the Reporting Financial Institution, or Related Entities, to the extent that the Reporting Financial Institution’s computerised systems link the accounts by reference to a data element such as client number or taxpayer identification number and allow account balances or values to be aggregated.

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