10. Joint Accounts
- This Agreement applies to everyone named on your joint Account, jointly and severally per individuals.
- Any of you can give I&M Bank instructions about your joint However, if there is a dispute between yourselves for which I&M Bank is notified in writing, I&M Bank may insist that you all jointly give instructions and cancel your debit cards, suspend your Internet Banking or other existing online services.
- In case of the death, incapacity, insolvency or death of a Joint Account Holder(s), the surviving Joint Account Holder(s) shall inform I&M Bank of the same in writing immediately and not later than seven (7) days from the death or loss of legal capacity. Upon receipt of such notice, I&M Bank shall suspend withdrawals from the Joint Account until evidence is provided to I&M Bank’s satisfaction that the representative of the heirs or successors of the deceased or incapacitated Joint Account Holder has been appointed in accordance with law. I&M Bank shall not be liable for any withdrawals that might take place prior to I&M Bank’s receipt of the notice required. In case the signing mandate is either to sign, the surviving joint account holders may continue to operate the account subject to submitting new operating mandate.