Common use of Type of Account and Eligibility Clause in Contracts

Type of Account and Eligibility. All Accounts are interest-bearing non-consumer demand deposit account used to hold your business deposits and make certain types of payments and transfers. To open an Account, you must be a sole proprietorship, corporation, unincorporated association, limited liability company, limited liability partnership, or partnership (collectively, “Business Entity”) within the United States or its territories. Other eligibility requirements may apply. Accounts may only be used for business purposes and cannot be used for any personal, family or household purposes. Initially, all accounts will be opened at the “Banking” tier. Once the account has more than one million USD in deposits, based on daily average, you are eligible to request advancement to the “Banking Select” tier, which is eligible for higher limits as detailed below. To request to be moved to the Banking Select tier, contact AngelList Ventures at ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. You may be asked to provide additional information supporting your need for higher Account limits. Notwithstanding the above, we may also make the Banking Select tier available to you at our or AngelList Venture’s respective individual discretion. You may also be downgraded to the Banking tier based on suspicious Account activity or otherwise at our or AngelList Venture’s respective individual discretion. We may decline to open an Account for any reason at the sole discretion of the Bank or AngelList Ventures. We are not liable for any damages or liabilities resulting from refusal of an Account relationship.

Type of Account and Eligibility. All Accounts are interest-bearing non-consumer demand deposit account used to hold your business deposits and make certain types of payments and transfers. To open an Account, you must be a sole proprietorship, corporation, unincorporated association, limited liability company, limited liability partnership, or partnership (collectively, “Business Entity”) within the United States or its territories. Other eligibility requirements may apply. Accounts may only be used for business purposes and cannot be used for any personal, family or household purposes. Initially, all accounts will be opened at the “Banking” tier. Once the account has more than one million USD in deposits, based on daily average, you are eligible to request advancement to the “Banking Select” tier, which is eligible for higher limits as detailed below. To request to be moved to the Banking Select tier, contact AngelList Ventures at ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. You may be asked to provide additional information supporting your need for higher Account limits. Notwithstanding the above, we may also make the Banking Select tier available to you at our or AngelList VentureAngelList’s respective individual discretion. You may also be downgraded to the Banking tier based on suspicious Account activity or otherwise at our or AngelList VentureAngelList’s respective individual discretion. We may decline to open an Account for any reason at the sole discretion of the Bank or AngelList VenturesAngelList. We are not liable for any damages or liabilities resulting from refusal of an Account relationship.