Thank you for banking with River City Bank and entrusting us with your financial needs. On October 1st, 2019, we will be making some changes that may or may not impact you.
Deposit Account Agreement
Below is a summary of the key changes made to the Deposit Account Agreement:
- Redefined the terms “customer” “you” and “yours” in regards to how they are used throughout the Deposit Account Agreement.
- Clarified that the first $200 of a day’s check deposits may be available on the first business day.
- Added additional language regarding the abilities of authorized signers to transact on, or close a given account.
- Added language regarding your liability pertaining to wire transfers.
- Described your responsibility to inform us if there is any change in the beneficial ownership of a legal entity customer.
- Added additional information regarding your authorization for us to make or have made any credit, employment, or other investigative inquiries we deem appropriate in connection to your account.
- Clarified how we handle deposited items that are returned with an endorsement claim, contains an alteration, or there has been a breach of warranty in connection with the item.
- Described your obligations in regards to transferring or assigning accounts to any heirs, successors, estate, personal representatives, agents, beneficiaries, transferees or assignees.
- Made various other clarifying edits throughout the agreement.
Schedule of Miscellaneous Fees and Service Charges (Consumer and Business)
- Noted that safe deposit box fees are applicable to current safe deposit box holders.
- Made various clarifying edits throughout the agreements.
