PCSB Iowa Terms Conditions1

Transcript

1 WITHDRAWALS - TERMS AND CONDITIONS OF YOUR ACCOUNT Unless clearly indicated otherwise on the account This document, along with any other documents we AGREEMENT - records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or give you pertaining to your account(s), is a contract that establishes rules which control your account(s) with us. Please read this any part of the account balance at any time. Each of you (until we carefully. If you sign the signature card or open or continue to use receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item the account, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, and fees if they are not payable to you or your order for deposit to this account or any other transaction with us. You agree that, as to any item that we have no included in this document. If you have any questions, please call us. opportunity to examine the signatures, such as an electronic check This agreement is subject to applicable federal laws and the laws conversion transaction where a check or similar item is converted of the state of Iowa (except to the extent that this agreement can into an electronic fund transfer as defined in the Electronic Fund and does vary such rules or laws). The body of state and federal law that governs our relationship with you, however, is too large and Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check complex to be reproduced here. The purpose of this document is to: summarize some laws that apply to common transactions; even though payment was made before the date of the check, (1) establish rules to cover transactions or events which the law (2) unless we have received written notice of the postdating in time to does not regulate; have a reasonable opportunity to act. We may refuse any withdrawal establish rules for certain transactions or events which the law or transfer request which you attempt on forms not approved by us, (3) regulates but permits variation by agreement; and by any method we do not specifically permit, which is greater in give you disclosures of some of our policies to which you may be number than the frequency permitted, or which is for an amount (4) entitled or in which you may be interested. greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated If any provision of this document is found to be unenforceable limitations (if any) as your act of closing the account. We will use according to its terms, all remaining provisions will continue in full the date the transaction is completed by us (as opposed to the date force and effect. We may permit some variations from our standard you initiate it) to apply the frequency limitations. The fact that we agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document. may honor withdrawal requests that overdraw the available account As used in this document the words "we," "our," and "us" mean balance does not obligate us to do so later. You agree that we may the financial institution and the words "you" and "your" mean the charge fees for overdrafts and use subsequent deposits, including account holder(s) and anyone else with the authority to deposit, direct deposits of social security or other government benefits, to withdraw, or exercise control over the funds in the account. The cover such overdrafts and overdraft fees. If we are presented with headings in this document are for convenience or reference only and an item drawn against your account that would be a "substitute check," as defined by law, but for an error or defect in the item will not govern the interpretation of the provisions. Unless it would introduced in the substitute check creation process, you agree that be inconsistent to do so, words and phrases used in this document we may pay such item. See the funds availability policy disclosure should be construed so the singular includes the plural and the plural includes the singular. for information about when you can withdraw funds you deposit. For LIABILITY - You agree, for yourself (and the person or entity you those accounts for which our funds availability policy disclosure does represent if you sign as a representative of another) to the terms of not apply, you can ask us when you make a deposit when those this account and the schedule of charges. You authorize us to funds will be available for withdrawal. deduct these charges directly from the account balance as accrued. We may require not less than 7 days' notice in writing before You will pay any additional reasonable charges for services you each withdrawal from an interest-bearing account other than a time request which are not covered by this agreement. deposit, or from any other savings account as defined by Regulation Each of you also agrees to be jointly and severally (individually) D. Withdrawals from a time account prior to maturity or prior to any liable for any account shortage resulting from charges or overdrafts, notice period may be restricted and may be subject to penalty. See whether caused by you or another with access to this account. This your notice of penalty for early withdrawal. OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION - liability is due immediately, and can be deducted directly from the These rules apply to this account depending on the form of account balance whenever sufficient funds are available. You have ownership and beneficiary designation, if any, specified on the no right to defer payment of this liability, and you are liable account records. We make no representations as to the regardless of whether you signed the item or benefited from the appropriateness or effect of the ownership and beneficiary charge or overdraft. You will also be liable for our costs to collect designations, except as they determine to whom we pay the account the deficit as well as for our reasonable attorneys' fees, to the funds. extent permitted by law, whether incurred as a result of collection or Individual Account - is an account in the name of one person. in any other dispute involving your account including, but not limited Joint Account - With Survivorship (And Not As Tenants In Common) - to, disputes between you and another joint owner; you and an is an account in the name of two or more persons. Each of you authorized signer or similar party; or a third party claiming an interest intend that when you die the balance in the account (subject to any in your account. DEPOSITS - We will give only provisional credit until collection is previous pledge to which we have agreed) will belong to the survivor(s). If two or more of you survive, you will own the balance final for any items, other than cash, we accept for deposit (including items drawn "on us"). Actual credit for deposits of, or payable in, in the account as joint tenants with survivorship and not as tenants foreign currency will be at the exchange rate in effect on final in common. collection in U.S. dollars. We are not responsible for transactions by Joint Account - No Survivorship (As Tenants In Common) - is owned mail or outside depository until we actually record them. We will by two or more persons, but none of you intend (merely by opening treat and record all transactions received after our "daily cutoff time" this account) to create any right of survivorship in any other person. on a business day we are open, or received on a day we are not We encourage you to agree and tell us in writing of the percentage open for business, as if initiated on the next business day that we of the deposit contributed by each of you. This information will not, are open. however, affect the "number of signatures" necessary for withdrawal. TC-IA 1/15/2009 Terms and Conditions-IA Bankers Systems * Wolters Kluwer Financial Services 1983, 2009 Page 1 of 3 -

2 Revocable Trust or Pay-On-Death Account - If two or more of you between you and us the loss will be entirely yours. This 60-day create this type of account, you own the account jointly with limitation is without regard to whether we used ordinary care. The survivorship. Beneficiaries cannot withdraw unless: (1) all persons limitation in this paragraph is in addition to that contained in the first creating the account die, and (2) the beneficiary is then living. If two paragraph of this section. or more beneficiaries are named and survive the death of all persons Your Duty to Report Other Errors - In addition to your duty to review creating the account, beneficiaries will own this account in equal your statements for unauthorized signatures, alterations and shares, without right of survivorship. The person(s) creating either of forgeries, you agree to examine your statement with reasonable promptness for any other error - such as an encoding error. You these account types may: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part of the account funds at agree that the time you have to examine your statement and report any time. to us will depend on the circumstances. However, such time period BUSINESS, ORGANIZATION AND ASSOCIATION ACCOUNTS - shall not exceed 60 days. Failure to examine your statement and Earnings in the form of interest, dividends, or credits will be paid report any such errors to us within 60 days of when we first send or only on collected funds, unless otherwise provided by law or our make the statement available precludes you from asserting a claim policy. We may require the governing body of the entity opening the against us for any such errors on items identified in that statement account to give us a separate authorization telling us who is and as between you and us the loss will be entirely yours. Errors Relating to Electronic Fund Transfers or Substitute Checks authorized to act on its behalf. We will honor the authorization until (For consumer accounts only) - For information on errors relating to we actually receive written notice of a change from the governing electronic fund transfers (e.g., computer, debit card or ATM body of the entity. transactions) refer to your Electronic Fund Transfers disclosure and STOP PAYMENTS - You must make any stop-payment order in the the sections on consumer liability and error resolution. For manner required by law and we must receive it in time to give us a information on errors relating to a substitute check you received, reasonable opportunity to act on it before our stop-payment cutoff time. To be effective, your stop-payment order must precisely refer to your disclosure entitled Substitute Checks and Your Rights. ACCOUNT TRANSFER - This account may not be transferred or identify the number, date and amount of the item, and the payee. assigned without our prior written consent. You may stop payment on any item drawn on your account If, in connection with a direct deposit plan, we DIRECT DEPOSITS - whether you sign the item or not, if you have an equal or greater deposit any amount in an account which should have been returned right to withdraw from this account than the person who signed the to the Federal Government for any reason, you authorize us to item. A release of the stop-payment request may be made only by deduct the amount of our liability to the Federal Government from the person who initiated the stop-payment order. the account or from any other account you have with us, without Our stop-payment cutoff time is one hour after the opening of the prior notice and at any time, except as prohibited by law. We may next banking day after the banking day on which we receive the also use any other legal remedy to recover the amount of our item. Additional limitations on our obligation to stop payment are liability. provided by law (e.g., we paid the item in cash or we certified the If this option is selected, TEMPORARY ACCOUNT AGREEMENT - item). TELEPHONE TRANSFERS - A telephone transfer of funds from this this is a temporary account agreement. Each person who signs to account to another account with us, if otherwise arranged for or open the account or has authority to make withdrawals (except as permitted, may be made by the same persons and under the same indicated to the contrary) may transact business on this account. conditions generally applicable to withdrawals made in writing. However, we may at some time in the future restrict or prohibit Unless a different limitation is disclosed in writing, we restrict the further use of this account if you fail to comply with the number of transfers from a savings account to another account or to requirements we have imposed within a reasonable time. We may (without prior notice and when permitted by law) SETOFF - third parties, to a maximum of six per month (less the number of set off the funds in this account against any due and payable debt "preauthorized transfers" during the month). Other account transfer you owe us now or in the future, by any of you having the right of restrictions may be described elsewhere. AMENDMENTS AND TERMINATION - We may change any term of withdrawal, to the extent of such persons' or legal entity's right to this agreement. Rules governing changes in interest rates are withdraw. If the debt arises from a note, "any due and payable debt" provided separately. For other changes, we will give you reasonable includes the total amount of which we are entitled to demand notice in writing or by any other method permitted by law. We may payment under the terms of the note at the time we set off, also close this account at any time upon reasonable notice to you including any balance the due date for which we properly accelerate and tender of the account balance personally or by mail. Notice from under the note. us to any one of you is notice to all of you. This right of setoff does not apply to this account if prohibited by STATEMENTS - Your Duty to Report Unauthorized Signatures, law. For example, the right of setoff does not apply to this account Alterations and Forgeries - You must examine your statement of if: (a) it is an Individual Retirement Account or similar tax-deferred account with "reasonable promptness." If you discover (or account, or (b) the debt is created by a consumer credit transaction reasonably should have discovered) any unauthorized signatures or under a credit card plan (but this does not affect our rights under any alterations, you must promptly notify us of the relevant facts. As consensual security interest), or (c) the debtor's right of withdrawal between you and us, if you fail to do either of these duties, you will only arises in a representative capacity. We will not be liable for the have to either share the loss with us, or bear the loss entirely dishonor of any check when the dishonor occurs because we set off yourself (depending on whether we used ordinary care and, if not, a debt against this account. You agree to hold us harmless from any whether we substantially contributed to the loss). The loss could be claim arising as a result of our exercise of our right of setoff. A single individual AUTHORIZED SIGNER (Individual Accounts only) - not only with respect to items on the statement but other items with is the owner. The authorized signer is merely designated to conduct unauthorized signatures or alterations by the same wrongdoer. transactions on the owner's behalf. We undertake no obligation to You agree that the time you have to examine your statement and monitor transactions to determine that they are on the owner's report to us will depend on the circumstances, but will not, in any behalf. circumstance, exceed a total of 30 days from when the statement is We are not required to honor any RESTRICTIVE LEGENDS - first sent or made available to you. restrictive legend on checks you write unless we have agreed in You further agree that if you fail to report any unauthorized writing to the restriction. Examples of restrictive legends are "must signatures, alterations or forgeries in your account within 60 days of be presented within 90 days" or "not valid for more than when we first send or make the statement available, you cannot $1,000.00." assert a claim against us on any items in that statement, and as Terms and Conditions-IA TC-IA 1/15/2009 Bankers Systems * Page 2 of 3 Wolters Kluwer Financial Services 1983, 2009 -

3 We may process items mechanically by printed on the signature line. For example, if a person provides an CHECK PROCESSING - relying on the information encoded along the bottom of the items. account number in response to a telephone solicitation, the telephone solicitor can use the account number to issue a remotely This means that we may not individually examine all of your items to created check to withdraw money from that account. determine if the item is properly completed, signed and indorsed. You warrant and agree to the following for every remotely You agree that we have not failed to exercise ordinary care solely created check we receive from you for deposit or collection: (1) you because we use an automated system to process items and do not have received express and verifiable authorization to create the inspect all items processed in such a manner. We reserve the right not to inspect each item because using an automated process helps check in the amount and to the payee that appears on the check; (2) you will maintain proof of the authorization for at least 2 years us keep costs down for you and all account holders. We may from the date of the authorization, and supply us the proof if we ask; determine the amount of available funds in your account for the and (3) if a check is returned you owe us the amount of the check, purpose of deciding whether to return an item for insufficient funds regardless of when the check is returned. We may take funds from at any time between the time we receive the item and when we return the item or send a notice in lieu of return. We need only make your account to pay the amount you owe us, and if there are one determination, but if we choose to make a subsequent insufficient funds in your account, you still owe us the remaining determination, the account balance at the subsequent time will balance. UNLAWFUL INTERNET GAMBLING NOTICE - Restricted transactions determine whether there are insufficient available funds. CHECK CASHING - We may charge a fee for anyone that does not as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted have an account with us who is cashing a check, draft or other transactions generally include, but are not limited to, those in which instrument written on your account. We may also require reasonable credit, electronic fund transfers, checks, or drafts are knowingly identification to cash such a check, draft or other instrument. We can decide what identification is reasonable under the circumstances accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling. and such identification may be documentary or physical and may This agreement is subject to Article ACH AND WIRE TRANSFERS - include collecting a thumbprint or fingerprint. 4A of the Uniform Commercial Code - Fund Transfers as adopted in TRUNCATION, SUBSTITUTE CHECKS, AND OTHER CHECK IMAGES - If you truncate an original check and create a substitute check, or the state in which you have your account with us. If you originate a other paper or electronic image of the original check, you warrant fund transfer for which Fedwire is used, and you identify by name that no one will be asked to make payment on the original check, a and number a beneficiary financial institution, an intermediary substitute check or any other electronic or paper image, if the financial institution or a beneficiary, we and every receiving or payment obligation relating to the original check has already been beneficiary financial institution may rely on the identifying number to paid. You also warrant that any substitute check you create make payment. We may rely on the number even if it identifies a conforms to the legal requirements and generally accepted financial institution, person or account other than the one named. specifications for substitute checks. You agree to retain the original You agree to be bound by automated clearing house association check in conformance with our internal policy for retaining original rules. These rules provide, among other things, that payments made checks. You agree to indemnify us for any loss we may incur as a to you, or originated by you, are provisional until final settlement is result of any truncated check transaction you initiate. We can refuse made through a Federal Reserve Bank or payment is otherwise made to accept substitute checks that have not previously been warranted as provided in Article 4A-403(a) of the Uniform Commercial Code. If by a bank or other financial institution in conformance with the we do not receive such payment, we are entitled to a refund from Check 21 Act. Unless specifically stated in a separate agreement you in the amount credited to your account and the party originating between you and us, we do not have to accept any other electronic such payment will not be considered to have paid the amount so or paper image of an original check. credited. If we receive a payment order to credit an account you Like any standard check or draft, a REMOTELY CREATED CHECKS - have with us by wire or ACH, we are not required to give you any remotely created check (sometimes called a telecheck, preauthorized notice of the payment order or credit. You authorize us, at any time, to charge FACSIMILE SIGNATURES - draft or demand draft) is a check or draft that can be used to you for all checks, drafts, or other orders, for the payment of money, withdraw money from an account. Unlike a typical check or draft, that are drawn on us regardless of by whom or by what means the however, a remotely created check is not issued by the paying bank facsimile signature(s) may have been affixed so long as they and does not contain the signature of the account owner (or a resemble the facsimile signature specimen filed with us, and contain signature purported to be the signature of the account owner). In the required number of signatures for this purpose. place of a signature, the check usually has a statement that the owner authorized the check or has the owner's name typed or Terms and Conditions-IA TC-IA 1/15/2009 Bankers Systems * Page 3 of 3 Wolters Kluwer Financial Services 1983, 2009 -

Related documents

Countermeasures That Work:

Countermeasures That Work:

Countermeasures That Work: A Highway Safety Countermeasure Guide For State Highway Safety Offices Eighth Edition, 2015

More info »
625137

625137

2018-19 Nebraska All-Sports Record Book - Nebraska Communications Office -

More info »
232

232

1 JUVENILE 232 JUSTICE, Ch CHAPTER 232 JUVENILE JUSTICE .5 §13B.9 , 123.47 , 135.108 , 135H.6 , 135L.3 , 232B.3 , 232B.6 , 233.2 , 233A 85.59 , 233B.4 , 235A .13 , 236.11 , 236A .12 , 237.1 , Referred...

More info »
CHURCH HISTORY IN THE FULNESS OF TIMES Student Manual

CHURCH HISTORY IN THE FULNESS OF TIMES Student Manual

HURCH C ISTORY H HURCH C H ISTORY IN THE ULNESS F IN THE ULNESS F OF T IMES OF IMES T S tudent M anual S anual M tudent RELIGION 341 THROUGH 343

More info »
CDIR 2018 07 27

CDIR 2018 07 27

S. Pub. 115-7 2017-2018 Official Congressional Directory 115th Congress Convened January 3, 2017 JOINT COMMITTEE ON PRINTING UNITED STATES CONGRESS UNITED STATES GOVERNMENT PUBLISHING OFFICE WASHINGTO...

More info »
Roofing: Premium Credits Product Listing

Roofing: Premium Credits Product Listing

Roofing: Premium Credits Product Listing Roofing Products Eligible for Discount in the Following States Arkansas Alberta Iowa Colorado Alabama Georgia Kentucky Michigan Kansas Louisiana Indiana Illino...

More info »
Child Maltreatment 2016

Child Maltreatment 2016

Child Maltreatment 2016 th th Y Y 25 27 G G E E N N A A I I R R T T O O R R F F O O P P R R E E U.S. Department of Health & Human Services Administration for Children and Families Administration on Ch...

More info »
489

489

1 LIMITED COMP ANY ACT , Ch 489 UNIFORM REVISED LIABILITY 489 CHAPTER COMP ANY ACT UNIFORM LIMITED REVISED LIABILITY , , , 10B.4 , 10B.7 , 169.4A , 476C.1 , 488.108 , §9H.4 , 501A .102 10.1 504.401 , ...

More info »
NewCover

NewCover

S on e T ool s o f t n n e s o t a i M A . M o r r o w T o b y w i t h n t r i b ut i o n s b y S c o t t F Co . A n fi n so n , K en t E . B a k k en , Gu y E . Gi b b on , Mi c h a e l h D . i ll e ...

More info »
U7112 UCARE CONNECT + MEDICARE PROVIDERDIR MAY 2019 DATA.sv

U7112 UCARE CONNECT + MEDICARE PROVIDERDIR MAY 2019 DATA.sv

UCare Connect + Medicare Provider and Pharmacy Directory Introduction This Provider and Pharmacy Directory includes information about the provider and pharmacy types in UCare Connect + Medicare and li...

More info »
u7112 connectplus directories 2019

u7112 connectplus directories 2019

UCare Connect + Medicare Provider and Pharmacy Directory Introduction This Provider and Pharmacy Directory includes information about the provider and pharmacy types in UCare Connect + Medicare and li...

More info »
The Right to Live in the World: The Disabled in the Law of Torts

The Right to Live in the World: The Disabled in the Law of Torts

Califo rni evie w a L aw R | Issue 2 Article 22 Volume 54 May 1966 i gh t t o Li ve in the W or ld : The D i s a bled in the The R a or t s w of T L a cobu s t e nB r o ek J https://scholarship.law.be...

More info »
nrcs143 013138

nrcs143 013138

United States Department of Model Simulation of Agriculture Soil Loss, Nutrient Natural Resources Conservation Loss, and Change in Service Conservation Effects Assessment Project Soil Organic Carbon (...

More info »
The ACT® Technical Manual

The ACT® Technical Manual

Technical Manual ® The ACT Technical Manual

More info »
circ1405

circ1405

Estimated Use of Water in the United States in 2010 Circular 14 05 U.S. Department of the Interior U.S. Geological Survey

More info »
MACStats: Medicaid and CHIP Data Book December 2018

MACStats: Medicaid and CHIP Data Book December 2018

MACStats: Medicaid and CHIP Data Book December 2018 Medicaid and CHIP Payment and Access Commission

More info »
PM3018openbeeffeedlots

PM3018openbeeffeedlots

Small Open Beef Feedlots in Iowa a producer guide PM 3018 March 2012

More info »
iowa supreme court attorney disciplinary board v. don richard john

iowa supreme court attorney disciplinary board v. don richard john

IN THE SUPREME COURT OF IOWA No. 18–2219 Filed May 3, 2019 IOWA SUPREME COURT ATTORNEY DISCIPLINARY BOARD, Complainant, vs. DON RICHARD JOHN BAUERMEISTER, Respondent. review of the report of the Iowa ...

More info »
HS Full Reduced

HS Full Reduced

State(s) of Head Start

More info »