Business Deposit Account Agreement

Credit Release – If we receive a payment order to credit an account you have with us, we are not required to send you a notification of the payment order or credit. You will be liable for our reasonable legal fees and fees, to the extent permitted by law, whether due to forfeiture or other disputes concerning your account. This is a dispute between you and another co-owner; You and an authorized signatory or another similar party; or a third party who is expressing an interest in your account. This also includes all the steps you or a third party take regarding the account that leads us in good faith to seek the advice of a lawyer, whether or not we are involved in the litigation. All legal fees and fees can be deducted from your account if incurred without your advice. If we do not make all the funds in your deposit available on the first business day, we will notify you at the time of your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees or if we decide to take this action after your departure, we will send you the notification until the day after receiving your deposit. Protection exemptions. In addition, the funds you deposit by cheque may be delayed for a longer period of time in the following circumstances: as is used in this document, the terms « we, » « our » and « we » mean the financial institution and the words « you » and « you » mean the holder (s) of the (s) account (s) and anyone entitled to deposit the funds into the account , to withdraw or control the account. However, this agreement does not intend and the terms « you » and « you » should not be interpreted to increase an individual`s responsibility for the responsibility of an organization.

If this account is held by a company, partnership or other organization, individual liability is determined by the laws generally applicable to this type of organization. The titles of this document are designed only in terms of simplicity or reference and do not govern the interpretation of the provisions. If this were not inconsistent, the words and phrases used in this document should be interpreted in such a way that the singular contains the plural and the plural the singular. You will find information on when you can withdraw funds in the publication of fund availability policies. For accounts that are not subject to our Fund availability policies, you can ask us when you will make a deposit if these funds are available for payment.