Transcription of BMO Harris Handbook
1 1 of 29 BMO Harris Bank Harris HandbookDated December 7, 2022 Deposit Account agreement for Personal and Business AccountsOverdraft Funding agreement for Personal AccountsOverdraft Funding agreement for Business AccountsSafe Deposit Box agreement (for boxes opened after August 12, 2018)These documents contain important terms and conditions, including your rights and responsibilities, regarding your deposit Account, overdraft funding service and safe deposit box with read this carefully and be sure to keep it handy for future reference.
2 If you need additional information or have questions, please call us and we will be happy to help deposits are insured by the FDIC up to the maximum limits allowed by law. Information and tools describing how deposit insurance coverage works are provided by the FDIC at or by calling 1-877-ASK-FDIC or 1-800-925-4618 (for the hearing impaired).NEW ACCOUNT OPENING PROCEDURESTo help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business who opens an this means for you: When you open a personal Account, we will ask for your name, address, date of birth, Social Security Number, driver s license or other identifying documents that will allow us to identify you.
3 When you open a business Account, we will ask for your business name, Taxpayer Identification Number and business address and other documents that will allow us to identify your business and confirm your authority. We will also ask you for your name, residential address, date of birth, Social Security Number and other identifying documents including your driver s license that will allow us to identify of 29 ARBITRATION DISCLOSURE. The Deposit Account agreement for Personal and Business Accounts contains an arbitration provision to be followed in the event of any disputes between you and us in connection with your Account(s) or the agreements related thereto.
4 Please read the Arbitration Provision in Section of the Deposit Account agreement . YOU HAVE THE RIGHT TO OPT OUT OF THE ARBITRATION PROVISION. If you do not opt out of this provision, any disputes relating to your Account(s) or your Deposit Account agreement must be resolved in an arbitration proceeding before a neutral arbitrator and you will not have the right to a jury or court trial to resolve the dispute. Subject to Applicable Law, Section requires Claims related to your Account to be commenced within one year after we make available the first statement reflecting the transaction in DISCLOSURE.
5 The Deposit Account agreement for Personal and Business Accounts contains detailed information regarding how Items will be processed against your Account, how you may incur an Overdraft, and the fees that you may incur if you do not have Sufficient Available Funds in your Account when the Items are presented for payment. Please read the discussion on Insufficient Funds and Overdrafts in Section of the Deposit Account OF CONTENTSI. GLOSSARY ..3II. DEPOSIT ACCOUNT agreement FOR PERSONAL AND BUSINESS ACCOUNTS.
6 61. INTRODUCTION ..62. BMO Harris CHECKING ACCOUNTS ..6A. Withdrawals ..6B. Insufficient Funds and Overdrafts ..6C. Debiting Your Account; Order of Posting ..7D. Check Safekeeping ..7E. Use of Signature Devices ..8F. Preauthorized Drafts and Electronic Debits ..8G. Postdated and Stale Checks ..8H. Stopping Payment on a Check ..8I. Cashing Your Checks for Sub-Accounts ..83. BMO Harris SAVINGS AND CERTIFICATE OF DEPOSIT (TIME DEPOSIT) ACCOUNTS ..9A. Savings Accounts ..9B. Certificate of Deposit (Time Deposit) Accounts.
7 94. SPECIAL PROVISIONS RELATED TO CERTAIN TYPES OF ACCOUNT OWNERSHIP ..9A. Individual Accounts ..9B. Joint Accounts ..9C. Payable on Death Accounts, including Totten Trust Accounts .9D. Custodial Accounts for Minors ..10E. Marital Accounts in Wisconsin ..105. DISCLOSURE AND agreement FOR ELECTRONIC FUNDS TRANSFERS FOR PERSONAL ACCOUNTS ..10A. Services Offered ..10B. Service Fees ..10C. Documentation of Transactions ..10D. Our Liability for Failure to Make Transfers ..10E. Stop Payments ..11F. Unauthorized Transactions, Errors, and Questions.
8 11G. Termination; Miscellaneous ..116. SUBSTITUTE CHECKS AND YOUR RIGHTS AS A CONSUMER ..117. TERMS APPLICABLE TO ALL ACCOUNTS ..12A. Deposits ..12B. Interest ..12C. Fees and Service Charges ..13D. Forms Specifications; Special Instructions ..13E. Endorsements ..13F. General Withdrawal Limitations ..13G. Money Market Deposit Accounts Withdrawal Limitations ..13H. Wire and Other Funds Transfers ..13I. BMO Harris Bank by Phone ..14J. BMO Digital Banking ..14K. Internet Gambling or Illegal Transactions ..14L. Relationship Waiver for Deposit Accounts.
9 14M. Statements, Notifications and Your Duty to Examine ..15N. Combined Statements ..15O. Change in Terms; Notices ..15P. Change of Address; Personal Information; Returned Mail; and Subsequent Communications ..16Q. Customer Communications ..16R. Signature Requirements; Forgeries and Alterations ..16S. Use and Disclosure of Customer Information ..16T. Security Interest, Setoff and Assignment Restrictions ..16U. Taxpayer Identification Numbers ..17V. Transfer of Account Ownership ..17W. Dormant and Abandoned Accounts.
10 17X. Closing Your Account ..17Y. Attorneys-in-Fact and Legal Proceedings; Disputes and Protection Against Loss ..18AA. Indemnity ..18BB. Limitation of Liability ..18CC. Waiver/Enforceability ..19DD. Security ..19EE. Arbitration Provision ..198. FUNDS AVAILABILITY POLICY FOR DEPOSIT ACCOUNTS ..219. BMO Harris cardholder agreement ..22A. Services Offered for All Personal and Business Cards ..22B. Limitation on Frequency or Dollar Amounts of Transactions .23C. Special Provisions Regarding ATM Service Fees ..23E.
