Common use of Account Ownership Clause in Contracts

Account Ownership. The following Sections 13 through 20 address account ownership, beneficiary designation (if any) and authorized signers. You must select the form of account and the designation of the beneficiary. We do not make any representations as to the appropriateness of the type of account that you select or whether the type of account that you select meets your needs. Your choice of the type of account that you open is specified on the Signature Card or other account records. Your choice impacts who gets the funds in your account at your death. Without regard to the type account you choose, you acknowledge and agree that our relationship with you concerning the account is that of a debtor and creditor and no fiduciary relationship exists between you and us.

Appears in 4 contracts

Sources: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement