Using Your Account definition

Using Your Account. You can use your Account in the following ways. Other methods of accessing your Account for transactions may become available in the future.
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Examples of Using Your Account in a sentence

  • Using Your Account to Obtain Credit..........................................................................................

  • Using Your Account A qualified Program-to-Program Transfer occurs when you directly transfer the Beneficiary’s entire ABLE account into a new ABLE account for that Beneficiary, without any intervening distribution or deemed distribution to the Beneficiary.

  • Using Your Account, page 30 This Plan Disclosure Statement is intended to be as clear and understandable as possible.

  • You should consult a qualified tax Using Your Account advisor regarding how both state and federal tax laws may apply to your particular circumstances.

  • Certain purchases and cash advances require authorization prior to completion of the Others Using Your Account.

  • Using Your Account, page 28 Tax Considerations, page 47 Non-Qualified Withdrawals Non-Qualified Withdrawals are withdrawals used for any expense that is not a Qualified Disability Expense.

  • See the Overdraft and Non-Sufficient Funds Policy provision in the Using Your Account section of the Depository Agreement and Disclosures for more information.

  • Using Your Account, page 28 Federal Tax Benefits Contributions are not deductible for federal income tax purposes, but Work Contributions may be eligible for the federal Saver’s Credit.

  • Using Your Account, page 29 Tax Considerations, page 48 Program-to- Program Transfer A tax-free Program-to-Program Transfer to or from another qualified ABLE program may be made as described herein.

  • Using Your Account, page 29 Tax Considerations, page 47 Rollovers A tax-free rollover to or from another qualified ABLE program or qualified 529 College Savings Plan may be made as described herein.

Related to Using Your Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.