Db 17 00346 Dec2017 Bank Natl-AcntAgrmnts dm

15

14

subject to tax penalties under the estimated tax payment 

rules if your withholding and payment of estimated tax, 

if any, are not adequate. We may be required to withhold 

or withhold more Federal and/or State taxes on your IRA 

distribution than you have requested in your withholding 

election. Your income tax withholding election will apply 

to all distributions from your IRA plan, including recurring 

and one-time distributions, from the time the withholding 

election is received and applied until you revoke and/

or provide new withholding instructions for that plan. A 

change of address may cause a delay in processing an 

IRA distribution, if state withholding requirements are 

impacted. For more information, consult your tax advisor.

(9) CHECKS

(a) Checks

•   We reserve the right not to accept checks or deposit or 

withdrawal forms not provided by us.

•   Checks may NOT be drawn against Savings Accounts or CDs.

•   We reserve the right to refuse to honor any checks drawn 

against your Account on which there is either no signature 

or a signature of questionable validity if we suspect the 

check was not authorized by you.

•  We reserve the right to pay any check before the date you 

have written on it (i.e., a postdated check) or if it is more 

than six (6) months old (i.e., a stale check).

•   Our check payment process is highly automated and we 

receive checks in great volume. Although we inspect some 

checks and other items from time to time, reasonable 

commercial standards do not require us to do so. If we 

return a check because we believe it was not authorized by 

you, we are not liable to you even if the check was actually 

authorized. We have no duty to prevent a check from being 

presented more than once.

If a check drawn on your Account is presented for payment 

over the counter at our Branch, by a person who is not a 

Discover deposit Accountholder (a “non-Discover customer”), 

you agree that we may require the non-Discover customer 

to provide identification as a condition for cashing a check 

drawn on your Account. You also agree that we may refuse 

to pay any such check if the non-Discover customer refuses 

to furnish such identification. Such refusal shall not be 

considered wrongful dishonor of the check by us. You also 

agree that we may refuse to cash or otherwise honor any 

check exceeding $5,000 which is presented to us over the 

counter by any person, even if the check is properly payable 

and that person can verify his/her identity as the holder of 

such check. Such refusal shall not be considered wrongful 

dishonor of the check by us. In such cases, the holder of the 

check is expected to deposit the check with his/her financial 

institution and have the check presented to us through 

regular banking channels.

(b) Preauthorized Checks

You may allow a third party to create a check drawn against 

your Checking Account or Money Market Account by 

communicating your Account number to that third party. 

However, if you choose to permit such a check, you agree: 1) 

to accept sole responsibility for ensuring that the amount of 

the check is both authorized and accurate and 2) that we are 

not liable if we either pay or refuse to pay any check that you 

have authorized a third party to create if that check does not 

bear your signature.

(c) Check Conversion

You may authorize a merchant or other payee to use your 

Checking Account or Money Market Account check as a source 

of Account information to initiate an electronic withdrawal 

from your Account. The merchant/payee uses the check 

information, along with the transaction amount, to initiate an 

Automated Clearing House (“ACH”) debit transaction. Please 

note that this type of transaction generally results in funds 

being withdrawn from your Account faster than a normal 

check transaction. This type of transaction from a consumer 

account is governed by the Electronic Fund Transfer Act, and 

is subject to the Electronic Fund Transfer disclosures found in 

Sections 27 and 28 of this Agreement.

(10) DEPOSITS

(a) General

(i) Deposits may be made by:

• Mailing a check to us

•   Mobile check deposit (subject to the Mobile Check 

Deposit Service User Agreement Addendum)

• ACH transfer

• Internal transfer

• Wire transfer

  Deposits that can only be made at the Branch include:

• Travelers checks

• Cash

(ii)  We will not accept mailed cash deposits.

(iii)  For posting times regarding check and cash deposits, 

see the chart in Section 10(e) below.

(iv)  We reserve the right to refuse, limit or return any 

deposit. Any non-cash items deposited to your 

Account (including items drawn “on us”) will be given 

provisional credit until final payment of the item.

(v)   Travelers Checks: Travelers checks received by us for 

deposit by mail or through the Branch Night Depository 

Box or the Branch ATM will be returned to you. 

(vi)  Returned Deposited Items: We will reverse any 

interest, accrued or paid, on any returned item. You 

agree to indemnify and hold us harmless against:

•   any losses resulting from nonpayment of any item 

cashed against or deposited into your Account and

•    all losses due to any preauthorized credit to your 

Account that we do not receive.

---