Common use of FEES AND SERVICE CHARGES Clause in Contracts

FEES AND SERVICE CHARGES. ▇▇▇▇▇▇▇▇▇ agrees to pay and this Account is subject to various published fees and service charges, including without limitation, monthly service charges; a fee for each debit, check, withdrawal or transfer document, and/or other items presented against, and/or for each other transaction, electronic or otherwise, involving this Account; research fees and copying charges; document maintenance and retention service charges, service charges for return mail processing, overdrafts, overdraft transfers, N.S.F. items (overdrafts created by checks, in person withdrawals, ATM withdrawals, or by other electronic means, as applicable), dishonor or payment devices, presentment of items against uncollected funds, reversal of any account entries, automatic debits, stop payment requests; service charges for inactive accounts, except as limited by law, and for recertification of an account, including fees for each required notice or reminder, and such other service charges and/or fees as are listed in the Account Services And Fees Schedule (and any amendment thereof). If you receive an Account Analysis Statement, you hereby agree to be subject to the fees set forth in such Account Analysis Statement. Upon proper and timely notice of amendment, the account fees and service charges may be modified by altering existing fees and/or service charges and/or by adding new fees and/or service charges, including without limitation, adding fees and/or service charges for existing services for which there is currently no fee and/or service charge. Any amendment to this Agreement shall be made in accordance with Modification of Terms herein. MODIFICATION OF TERMS: Bank may amend the terms of this Agreement, including the deletion of terms and conditions and/or special features and/or limitations on accounts, the addition of new and additional terms, conditions, duties, obligations, and/or rights, and the modifications of the fees and/or service charges, including specifically the addition of new and additional fees, and/or service charges for existing services for which there is currently no charge. Bank may notify Depositor of any amendment in any manner allowed by this Agreement and applicable State and Federal laws. By failing to close this Account prior to the effective date of any noticed amendment, each Authorized Signatory agrees to be bound by, and subject to, all terms and conditions contained in the amended Deposit Account Agreement from its effective date, including the deletion of any terms and conditions and/or special features and/or limitations on accounts, and any modifications to existing, or additions of new, account fees and/or service charges. Any amendment to the Arbitration Provisions and/or termination of the Arbitration Provisions shall never apply retroactively to any pending Disputes in arbitration or any pending Disputes between the Parties for which Notice of Dispute has been provided, unless the Parties otherwise expressly agree in writing, and any such amendment or termination shall not be effective until at least 30 days after notice has been provided and Depositor fails to close the account prior to the effective date. CONVERSION OF ACCOUNT: Bank reserves the right to convert the Account to another type of account offered by Bank without the necessity of obtaining new/additional Depositor’s Agreement Signature form(s). BANK MAY TRANSFER THIS ACCOUNT TO ANOTHER BANK OR BRANCH BANK OF INTERNATIONAL BANCSHARES CORPORATION WITHOUT NECESSITATING THE EXECUTION OF NEW ACCOUNT DOCUMENTS: If for any reason Depositor desires that this Account be moved to a different bank/branch bank of International Bancshares Corporation, ▇▇▇▇▇▇▇▇▇ agrees that Bank may transfer this Account to said different bank/branch bank without the necessity of Depositor executing new account agreement and/or other documents. Bank and Depositor further agree that Depositor and the bank or branch bank to which this Account is transferred shall continue to be governed by the terms and conditions of this Agreement regardless of whether the bank routing number and/or account number on the new account is modified. CLASSIFICATION OF CHECKING ACCOUNTS: For regulatory accounting purposes, Bank may classify checking accounts as two subaccounts: a transaction sub-account and a nontransaction sub-account. This classification will have no effect on the balance, the ability to use such account, the amount and rate of interest you receive (if applicable), the service charges (if any), or the account statement. Bank may transfer funds between these subaccounts. Bank will record the sub-accounts and transfer between them on Bank’s internal accounting records only. All other terms, definitions and rules governing this Account remain in effect. RATE INFORMATION: All interest bearing accounts at Bank, other than time deposits accrue interest at a variable rate of interest. Interest rates are established from time to time by Bank in its sole and absolute discretion and are subject to change without notice to Depositor.