Common use of Combined Statements Clause in Contracts

Combined Statements. Combined Statements will allow for the combination of your savings, checking and consumer loan Accounts to your master checking Account (“Master Checking”). Ownership for combined Statements should be identical. If your Master Checking is a multiple party Account, any person having access to your Master Checking will also have access to all Account information available on the combined Statement whether or not such person has an interest in any of the other Accounts reported on the combined Statement. By requesting a combined Statement, you are authorizing the aforementioned access by third parties to any Statements, Disclosures, and Notices related to the other Accounts reported on the combined Statement. The Master Checking must be active to allow for combined eStatements. If your preference for the Master Checking is changed to paper Statements, all Accounts will receive paper Statements. Combined Statements excludes commercial loan Statements.