Joint Accountholder definition
Examples of Joint Accountholder in a sentence
The Bank can accept any oral (including telephone) Instructions and Instructions through electronic mail or other electronic means given by any one of the Joint Accountholders or any one of the Authorized Signatories even if the Account Opening Form or other authorization requires signatures of more than one Joint Accountholder or (as the case may be) Authorized Signatory for written Instructions.
If any Joint Accountholder dies, the deceased Joint Accountholder’s interest in the Joint Account will pass automatically to the surviving Joint Accountholders, without releasing the deceased Joint Accountholder or their estate from any liability arising from the Joint Account until such time that we have received satisfactory evidence of the death.
We will not be liable for any loss, damages or legal costs incurred in any dispute between the estate of the deceased Joint Accountholder, the surviving Joint Accountholders or third party arising from us acting on the right of survivorship.
For Joint Accounts, each Joint Accountholder will be jointly and severally liable (in Quebec, solidarily) to us to perform all the obligations, be liable for all liabilities related to the Joint Account under this Agreement and will agree to all the terms and conditions in this Agreement, irrespective of which one of you undertook the obligation or incurred the liability.
If a Joint Account permits any single Joint Accountholder to sign or approve any matter relating to the Joint Account, then any Joint Accountholder may individually request a monthly paper or electronic Account Statement.
You agree that if one Joint Accountholder is removed from the Joint Account by agreement of all other Joint Accountholders, or if determine a Joint Accountholder be removed in our sole discretion, acting reasonably, then the Joint Account will be closed.
However, if a Joint Account requires that all Joint Accountholders sign or approve any matter relating to the Joint Account, then we must receive a joint request by all Joint Accountholders to send a monthly paper or electronic Account statement to a Joint Accountholder.
For us to make the payment, the receiving Joint Accountholder must reasonably indemnify us against any claim, loss, damages, penalty, charges, cost and expense suffered or incurred by against us as a result of making the payment.
For Joint Accounts, we may also apply a positive (credit) balance in a Joint Account against any debt, obligation or liability that any Joint Accountholder may owe to us, and we may apply a positive (credit) balance in any other account of a Joint Accountholder against any debt, obligation or liability you may owe to us in relation to the Joint Account.
No YesIf yes, confirm Joint Accountholder name: Last Name First Name* You will require access to online banking to view eStatements/eConfirmations.