Consumer Deposit Account definition
Examples of Consumer Deposit Account in a sentence

Your opt-out notice can be a letter that is signed by you that states “I elect to opt out of the arbitration clause in my Consumer Deposit Account Agreement for Account #” or any words to that effect.


For additional terms and conditions that apply to this account, refer to the Consumer Deposit Account Agreement and Disclosures and the Consumer Fee Schedule, including our right to amend, modify, add to, or delete terms applicable to your account.


See the Bank’s Consumer Deposit Account Brochure for a schedule of current fees.


If your Oxygen Consumer Deposit Account is closed for any reason; the Savings Account will automatically be closed.


You will have immediate availability to your funds once they are transferred from the Savings Account to your Oxygen Consumer Deposit Account, or from the Consumer Deposit Account to the Savings Account.


If the balance of your Oxygen Consumer Deposit Account should become negative and then remain negative for fifteen (15) days, the funds, if any, in your Savings Account may be used to repay the negative balance.


While the nature and frequency of transactions into and out of your Oxygen Savings Account are described in this Savings Account Agreement, please see Section II ELECTRONIC FUNDS TRANSFER DISCLOSURE AND SPECIAL TERMS AND CONDITIONS, of the Oxygen Consumer Deposit Account Agreement where your liability for unauthorized transfers from the Oxygen Consumer Deposit Account is explained.


For consumer customers, this disclosure should be read together with the Consumer Deposit Account Agreement and Disclosures and the Consumer Fee Schedule that apply to your account, including our right to amend, modify, add to, or delete terms applicable to your account.


If your Savings Account is cancelled, closed or terminated for any reason, any remaining balance will be transferred to your Oxygen Consumer Deposit Account.


See the Bank’s Consumer Deposit Account Brochure, available at all City National Bank branches, for a schedule of current fees.