Consumer Deposit Account definition

Consumer Deposit Account means any deposit account with Bank of America that is classified as a consumer account.
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Consumer Deposit Account means a demand or other similar deposit account established and maintained by a natural person with a financial institution and operated primarily for personal, family or household purposes;
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Consumer Deposit Account means a deposit account held in the name of one or more natural persons and used by him, her, or them primarily for personal, family, or household purposes.
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Examples of Consumer Deposit Account in a sentence

  • General Instructions for Consumer Deposit Account Balances – Once a customer has opened a deposit account with the reporting institution that is a deposit product intended primarily for individuals for personal, household, or family use, the institution is not required thereafter to review the customer’s status or usage of the account to determine whether the transaction account is being used for personal, household, or family purposes.

  • For additional terms and conditions that apply to this account, refer to the Consumer Deposit Account Agreement and Disclosures and the Consumer Fee Schedule, including our right to amend, modify, add to, or delete terms applicable to your account.

  • All capitalized terms not defined herein have the same meaning as defined in your Bank of Hawaii Consumer Deposit Account Agreement and the Bank of Hawaii Consumer Electronic Banking Services Agreement.

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  • While the nature and frequency of transactions into and out of your Oxygen Savings Account are described in this Savings Account Agreement, please see Section II ELECTRONIC FUNDS TRANSFER DISCLOSURE AND SPECIAL TERMS AND CONDITIONS, of the Oxygen Consumer Deposit Account Agreement where your liability for unauthorized transfers from the Oxygen Consumer Deposit Account is explained.

  • You may withdraw funds from the Savings Account by transferring funds to your Oxygen Consumer Deposit Account using the App (these transfers are referred to as “Online Transfers”).

  • Upon closure, any remaining funds in the Savings Account, including any interest payments due to you, will be aggregated with the remaining funds in your Oxygen Consumer Deposit Account.

  • Our Agreement This document contains the terms and conditions of the Oxygen Consumer Deposit Account Agreement (the “Agreement”).

  • These are the limits: Transaction Type Frequency and/or Dollar Limits Online Transfer from Oxygen Consumer Deposit Account to Savings Account No limit to the number of times per calendar day; no maximum dollar limit Withdrawals may only be made by making Online Transfers from the Savings Account to your Oxygen Consumer Deposit Account.

  • If your Oxygen Consumer Deposit Account is closed for any reason; the Savings Account will automatically be closed.


More Definitions of Consumer Deposit Account

Consumer Deposit Account means a deposit account at a financial institution that is held by, or offered to, a natural person who holds or will hold, the account primarily for personal, family, or household
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Consumer Deposit Account means a deposit account at a financial institution that is held by, or offered to, a natural person who holds or will hold, the account primarily for personal, family, or household purposes. The term "consumer deposit account" includes an account at a financial institution that is held by or on behalf of a deposit broker as defined by 12 U.S.C. 1831f(g), if any interest in the account is held by or offered to a consumer. The term "consumer deposit account" does not include a deposit account held by a natural person who holds the account for another in a professional capacity or an account held by an unincorporated non-business association of natural persons.
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Consumer Deposit Account means a personal deposit account with BOTW that is intended for personal, family or household purposes rather than business or commercial purposes.
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Related to Consumer Deposit Account

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.