Common use of CHECK WRITING PRIVILEGES Clause in Contracts

CHECK WRITING PRIVILEGES. Check writing is available with no minimum amount for which Checks must be written and no separate charge for checks or reorders. The use of Checks to transfer funds between accounts will cause undue delays and may result in loss of income in your sweep op- tion. Accordingly, any transfer of assets between accounts at Stifel should be effected with a letter of direction to your Financial Advi- sor. Transfers between accounts with the same account registra- tion may be effected with a phone call to your Financial Advisor.