Wingspan Business Deposit Account Agreement Addendum
The following provisions form part of the Wingspan Deposit Account Agreement (the “Agreement”).
Deposits Into Your Account
You may make deposits into your Account using any of the methods described below:
| Deposit Method |
Limitations for Your Account |
| Direct Deposits* |
No limits |
Direct payments/ACH debits via ACH Origination Service (see Section 5)
(deposits resulting from payment requests initiated from your Account) |
$250,000/day
$5,000,000/month |
| ACH transfers to your Account from a linked bank account with another institution (See section 3.7)** |
$500,000/day
$5,000,000/month |
| Domestic wire |
No limits |
| * The recipient’s name on any direct deposit or ACH transfer must match the name on the Account or the deposit may be returned to the originator. |
Withdrawals From Your Account
You may withdraw funds up to the amount of your Available Balance in your Account using any of the methods:
| Withdrawal Method |
Limitations for Your Account |
ACH transfers from your Account to a linked bank account at another institution* (See Section 3.7)
And
ACH transfers from your Account to another bank account via ACH Origination Services (See 5 of the Agreement) |
$1,000,000/day
$5,000,000/month |
| ACH transfer to a merchant or other third party you authorize to withdraw from your Account using your routing number and account number |
None |
| * You may transfer funds between your Account and another bank account. The linked bank account must be located in the United States. |