Paperless Statements definition

Paperless Statements means Periodic Statements which are available only electronically.

Paperless Statements means periodic statements, along with the information we provide with periodic statements for your Account(s) in electronic form through BMO Digital Banking. Paperless Statements are Communications.

Paperless Statements means the service by which a periodic statement with check images and account‐related notices, including advices, regulatory or legal notices or disclosures, etc., for accounts that are eligible for the service are delivered electronically instead of in paper form. All words used in this section shall have the meanings given them in this Account Agreement – General Terms and Conditions, unless otherwise indicated.

Examples of Paperless Statements in a sentence

• If there are multiple owners on an account, you agree that we may send a statement or xxxx electronically, or a notification that an electronic version of the statement or xxxx is ready to be viewed through the Online Services, to a single obligor on such account who has elected to receive Paperless Statements and that we are under no obligation to send the remaining accounts owners a statement.

• You must separately confirm that you would like to stop receiving paper account statements (and any other types of Communications we may include in Paperless Statements) by U.S. mail.

• Your consent to receive electronic Communications does not automatically enroll you in Paperless Statements.

• Withdrawal of consent for Paperless Statements may result in a fee or change in fee for some accounts.

• Bank may automatically enroll Company in Paperless Statements for all business Accounts associated with the Entities documented in the Agreement or any future Addendums.Personal Accounts will not be automatically enrolled.

• For purposes of electronic notification for Paperless Statements on a joint or multiple owner account, you agree that electronic notifications for Paperless Statements delivered to the email address of the account owner who enrolls in Paperless Statements will constitute delivery to all account owners, even if all account owners may not have access to such email address.

• Only one account owner’s authorization is required to enroll in Paperless Statements.

• A System Manager or a System User must opt-in to Paperless Statements through Business Online Banking, or an Account Owner on Personal Account through a separate System specifically used to provide Services for Personal Online Banking.If Company chooses to receive Periodic Statements through the U.S. Mail, a System Manager or System User can revoke Paperless Statements at any time.

• Bank may change the hardware and software required to obtain Paperless Statements at any time with ten (10) calendar days advance notice to Company.

• If Company chooses not to obtain the new hardware or software, Company may withdraw consent for Paperless Statements and Periodic Statements will then be delivered by U.S. Mail.

More Definitions of Paperless Statements

Paperless Statements means periodic statements, along with the information we provide with periodic statements, provided to you electronically for your Account(s). Paperless Statements are Communications.

Paperless Statements means periodic statements,along with the information we provide with periodicstatements, provided to you electronically for your Account(s). Paperless Statements are Communications.