Common Contracts
1 similar Ccpa - Check Writing and Debit Card Service Agreement contracts
CCPA - CHECK WRITING AND DEBIT CARD SERVICE AGREEMENTCcpa - Check Writing and Debit Card Service Agreement • May 25th, 2016
Check writing Authorization. If you have requested check writing privileges for your brokerage account (“Account”), your Broker and COR must first approve your application. By requesting the check writing privilege, you authorize COR and the Bank to honour and pay checks drawn on your Account. You appoint the Bank as your agent for the purposes of this CCPA Agreement. The Bank is authorized upon presentment of checks to transmit such checks or payment information derived from such checks to withdraw funds in the Account in an amount sufficient to pay such checks and to effect their payment. You also agree that the Bank may honour electronic payments to and from the Account as authorized by you, when such payments are processed in accordance with law and the applicable payment systems rules. By requesting the check writing privilege, you authorize COR and the Bank to withdraw funds in the Account to pay a check or other such electronic debit. Withdrawal of funds is always subject to the
