CHECKING ACCOUNT AGREEMENT Clause Samples
A Checking Account Agreement is a contractual document that outlines the terms and conditions governing the use of a checking account between a bank and its customer. It typically details the rights and responsibilities of both parties, including how deposits, withdrawals, and fees are handled, as well as rules regarding overdrafts and account maintenance. By clearly defining these terms, the agreement helps prevent misunderstandings and ensures both the bank and the account holder understand their obligations and protections.
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CHECKING ACCOUNT AGREEMENT. The Checking Account (also sometimes referred to as a share draft account) Agreement describes specific rules which apply to checking accounts. Checking accounts held with the credit union are subject to the requirements, terms, and conditions as contained in this agreement and established by the credit union. DIVIDENDS: The credit union retains the right to change and/or eliminate dividends on checking accounts at any time. Current rates are published in the Truth in Savings and Fee Schedule. FEES: Any and all fees that may be assessed to your accounts are explained and disclosed in the Truth in Savings and Fee Schedule. You will be provided with a copy of this disclosure upon account opening or at your request. PAID OR CANCELLED CHECKS: Paid and/or cancelled checks processed by the credit union are destroyed; however, an image of the check maybe available online via Online Banking. You can also request a copy of your check by contacting the credit union, however a fee may apply.
CHECKING ACCOUNT AGREEMENT. The Checking Account Agreement describes specific rules which apply to checking accounts. Checking accounts held with the credit union are subject to the requirements, terms, and conditions as contained in this agreement and established by the credit union. DIVIDENDS: The credit union retains the right to change and/or eliminate dividends on checking accounts at any time. Current rates are published in the Rate & Fee Schedule. FEES: Any and all fees that may be assessed to your accounts are explained and disclosed in the Rate & Fee Schedule. You will be provided with a copy of this disclosure upon account opening or at your request. PAID OR CANCELLED CHECKS: Paid and/or cancelled checks processed by the credit union are destroyed; however, an image of the check maybe available online via Online Banking for up to 90 days. After 90 days, you will have to request a copy of your check by contacting the credit union.
CHECKING ACCOUNT AGREEMENT. The Fiduciary may establish a checking account if we offer such accounts for the type of fiduciary relationship. We are authorized to pay checks signed by the Fiduciary and to charge any payment against the Checking Account. The front side of all checks shall at a minimum contain the name of the Protected Person, the Fiduciary, and the type of fiduciary relationship. Any electronic debit initiated by a third party against this account is deemed authorized by the Fiduciary if the Fiduciary voluntarily gives the third party information about the account and our routing number.
CHECKING ACCOUNT AGREEMENT. I/we hereby authorize Central Credit Union Of Illinois (the Credit Union) to establish this Checking Account for me/us. The Credit Union is authorized to pay checks signed by me (or us) and to charge all such payments against the shares in this Account. It is further agreed that: