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This may include verification of employment and credit or other
consumer reports or other reports from account information
services. These inquiries may delay account opening. If you
apply for an account and we decline to open one as the result
of information from a consumer report or another report from a
consumer reporting agency, we will tell you the name, address and
phone number of the consumer reporting agency.
(v) We do not open or maintain Accounts for customers with
foreign tax status (e.g., W-8 filing status). We only open and maintain
Accounts for consumers who can certify their W-9 status. If you
notify us that you are no longer eligible to W-9 certify, we will close
your Accounts as described in Section 24.
(vi) There may be additional eligibility requirements imposed at
our discretion. We reserve the right to decline to open an Account
for you for any lawful reason.
3 AGREEMENT ACCEPTANCEW9 CERTIFICATION
As a condition to open and maintain an Account with us, you must do
the following:
(i) Indicate your acceptance of the Agreement.
a. For Accounts opened online, the acceptance of the
Agreement is included as part of the online application.
b. For Accounts opened by phone, fax, mail, or at the Branch,
the acceptance of the Agreement can either occur online
for eligible accounts, on the Signature Card, or on the
application. We must receive your acceptance of the
Agreement, before any debits, including withdrawals,
are permitted on your Checking Account, Online Savings
Account, Money Market Account, or Non-IRA CD Account.
c. You also accept the Agreement by opening or using the
Account.
(ii) Complete W-9 Certification. If we do not receive a completed
W-9 certification from the Accountholder whose name appears
first on the Account (“Primary Accountholder”) or already have
a signed W-9 on file, the Account(s) may be subject to backup
withholding, as set forth in Section 8(b), or we may close the
Account(s) and return the funds to you, without interest, by mail
or other reasonable means as determined by us and you will not
be entitled to any special incentives that may have been offered
to you for opening your Account.
a. For Accounts opened online, W-9 certification is included as
part of the online application.
b. For Accounts opened by phone, fax, mail or at the Branch,
W-9 certification can either occur online for eligible
accounts, on the Signature Card, or on the application.
(iii) (a) New IRA Plans: (1) If you open a new IRA Plan(s), you will have
60 days (starting with your IRA application date) to return the
correctly and fully completed IRA application and Signature
Card (“IRA Documents”). You will have an additional 60 days
from the date we receive the completed IRA Documents to
return the IRA contribution form(s) (“Contribution Form(s)”) and
fund your IRA. If we do not receive the signed IRA Documents
within 60 days from your application date, or if we do not
receive the Contribution Form(s) and funding within 60 days
from the date we receive the signed IRA Documents, your
application will be deemed abandoned and your IRA will not
be opened. If you provided ACH funding instructions or internal
transfer funding instructions during the IRA application process,
the instructions will be executed once the correctly and fully
executed IRA Documents and Contribution Form are received
by us. Any type of contribution received prior to our receipt of
the IRA Documents and Contribution Form will be returned.
However, if a check is received prior to the receipt of the IRA
Documents or the Contribution Form, we will hold it for up to
30 days. If the correctly and fully executed IRA Documents
and Contribution Form are not received, the check will be sent
back to the address noted on the application after 30 days.
IRA funding checks will not be deposited and no interest will
be paid until the IRA is opened. We are entitled to a reasonable
amount of time after receipt of your IRA Documents and
Contribution Form to process them, open your IRA, and post
your contribution. (2) If you revoke a new IRA Plan(s), you have
21 days from the date we mail your Welcome Kit for the first IRA
under the Plan to revoke your IRA Plan. If you choose to revoke
your IRA Plan during the 21 days, we will close your IRA and
return any funds to you without interest. For IRA CD Accounts,
we will also waive the applicable Early Withdrawal Penalty.
(b) For Existing IRA Plans: If you open an IRA under an existing
IRA Plan, you will have 60 days starting with the application
date to return the Signature Card and Contribution Form
and fund your IRA. If we do not receive the signed Signature
Card, signed and correctly completed Contribution Form and
funding within 60 days starting with the application date,
your application will be deemed abandoned and your IRA will
not be opened. If you provided ACH funding instructions or
internal transfer funding instructions during the application
process, the instructions will be executed once the correctly
and fully executed Signature Card and Contribution Form are
received. Any type of contribution received prior to our receipt
of the Signature Card and Contribution Form will be returned.
However, if a check is received prior to the receipt of the
Signature Card and Contribution Form, we will hold it for up to
30 days. If the correctly and fully executed Signature Card and
Contribution Form are not received, the check will be sent back
to the IRA Plan mailing address after 30 days.
We are entitled to a reasonable amount of time after receipt
of your Contribution Form and contribution to process them,
open your IRA, and post your contribution to it.
(c) If you open a new IRA Plan or a new IRA under an existing
IRA Plan for a prior year contribution, all documents, including
the correctly completed IRA application, Signature Card and
