Account Ownership definition

Account Ownership. The Bank may rely solely on its records to determine the form of ownership of your account. The bank may presume that any person named, in addition to you in its records, owns the funds in your account as a co-owner. Account ownership is non-transferrable.

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Account Ownership means that a person has an active, self-directed brokerage account on the INDEX OWNER’s website: https://www.sofi.com/.

Account Ownership. The classification and ownership of an account shall be determined by the number of account owners as well as the type of account owners. When an account has only one owner, the account ownership shall be classified as Single. When an account has more than one owner, the account ownership shall be classified as Joint Tenants With Right of Survivorship (“JTWROS”). We may rely on the classification and ownership of an account set forth on the Account Signature Card for all purposes relating to the account. If there is no signature card on file, we may rely on our electronic records for all purposes relating to the account. Deposit accounts may be owned in one of the following ways: Single Accounts have one name on the Account Signature Card. That person is deemed to be the sole owner of the account and the only person authorized to use the account. If a single account is opened by a minor or someone else on a minor’s behalf, then the minor may make withdrawals unless the account is a Uniform Transfers to Minors Act (UTMA) trust account. Joint Accounts have two or more names on the Account Signature Card. Any joint owner can withdraw or transfer all or part of the account balance, create overdrafts, stop payment on checks, revoke stop payment orders, close a check card, close the account and exercise all other rights concerning the account at any time. Each joint account owner agrees to be jointly and severally liable for (1) charges and overdrafts caused by any joint account owner, without regard to who benefits from the proceeds or causes the charge or overdraft, and (2) our costs incurred in collecting the charge or overdraft, including attorneys’ fees as allowed by law. Any joint account owner may endorse items payable to any other joint account owner or owner’s order for deposit to the account or any other purpose. Each joint account owner authorizes us to exercise our right Payable-on-Death (P.O.D.) Accounts may have one or more names on the Account Signature Card. If more than one person creates the account, they own the account jointly with rights of survivorship. Living beneficiaries acquire the right to withdraw funds from the account when all account owners die. If more than one beneficiary is named and survives the account owner’s death, then all beneficiaries own the account jointly in equal shares, with no right of survivorship. The account owner(s) can change beneficiaries, change account types, withdraw all funds in the account or close the ac...

Examples of Account Ownership in a sentence

Account Ownership THE TYPE OF ACCOUNT OWNERSHIP MAY DETERMINE HOW YOUR FUNDS ARE PAID IF YOU DIE, EVEN IF YOUR WILL STATES OTHERWISE.
Please ask for a copy of the Account Ownership Terms and Conditions or visit www.
Types of account ownership for Consumer and Business Accounts and certain rights of account ownership are described in the separate document entitled Account Ownership Terms and Conditions.
Changes in Account Ownership, Address and Authorized Signers: You agree to notify us immediately in writing of any change in your name, address, business capacity (e.g., sole proprietor to a corporation), or the authorized signers on your account.
You agree to be bound by the terms in the Account Ownership Terms and Conditions, and agree that they may change from time to time.
Account Ownership The following rules apply to your Account(s) depending on the form of ownership and beneficiary designation, if any, specified on the Account records.
Changes In Account Ownership, Address and Authorized Signers: You agree to notify us immediately in writing of any change in your name, address, business capacity (e.g., sole proprietor to a corporation), or the authorized signers on your account.
Transferring Account Ownership A deposit account is not transferable, except on our books and records.
Each reference herein to the Sale and Purchase Agreement, the Account Ownership Agreement, the RB Receivables Purchase Agreement, the Trust Agreement, the Indenture, the Transfer and Servicing Agreement, or any other Related Agreement, refers to such agreement as in effect on the Closing Date unless otherwise agreed to by Seller and Purchaser.
Transferring Account Ownership A deposit Account is not transferable, except on our books and records.

More Definitions of Account Ownership

Account Ownership. All of the stores on Forstep Style may only hold and operate one active selling account at any one time and the selling account must only be operated by the named account holder. If a secondary account is required then the store must request prior written permission from Forstep Style. Forstep Style reserves the right to reject any such request and may, at its discretion, terminate additional selling accounts or selling accounts being operated by a person other than the named account holder without prior warning. Feedback: Marketplaces such as ours takes feedback integrity seriously. Sellers may offer small incentives for general feedback, however manipulation and/or bribery is not tolerated. This includes feedback from a related account, offering incentives/bribes in return for specific feedback. Forstep Style team reserve the right to remove any feedback which it suspects has been posted as a result of such manipulation or bribery and may close the seller account to which it relates.

Account Ownership. The Participant and the Michigan ▇▇▇ Program own the ▇▇▇ account jointly; both parties have access to all account information and any withdrawal requires the signature of both parties. • Cosigner on ▇▇▇ Account: Michigan ▇▇▇ Program cosigns on all accounts and has access to all account-related information from the bank. All withdrawals must have the signatures of both the individual Participant and an authorized Michigan ▇▇▇ Program Representative. • Participation in Data Collection: Individuals may be asked to complete surveys, participate in interviews, and/or provide personal and financial information to the Michigan ▇▇▇ Program and/or to an independent evaluator. The funding organizations of this contract, the Regional Coordinating Organizations and the Department of Human Services, reserve the right to request this information. All such information will be kept confidential.