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Re: Notice of Amended and Restated Master Services Agreement
To: The Treasury Management Customer named on the enclosing envelope, and every additional Customer receiving combined Account Analysis statements
Dear Valued Treasury Customer(s):
This notice is to inform you that our Treasury Management Master Services Agreement has been rewritten and completely restated. Its terms will go into effect and govern your enrolled Treasury Services September 15, 2017. You do not need to take any action; the new terms will become effective automatically. Your continued use of your enrolled Treasury Services after September 15, 2017, constitutes your acceptance of the new terms.
Please be sure to review the revised Master Services Agreement in the Additional Services section of the Treasury Gateway Dashboard. We recommend printing or electronically saving a copy for future reference. If you are unable to obtain a copy of the revised Master Services Agreement through the Treasury Gateway Dashboard, you may obtain a copy by contacting a Bank representative.
Please know that our revised Master Services Agreement now also includes the terms governing the following available Treasury Services that were previously covered by separate Addenda and/or Specifications: ACH Pre-Funding Acknowledgement, Batch Wires, Check Block, Controlled Disbursement, e-Invoicing & Payments, e-statements, Integrated Payables, Mobile Treasury Internet Banking (TIB), Mobile Remote Deposit Capture (RDC), Returned Items Service, Smart Safe, Support Services for RDC, and SWIFT MT101 Messaging. (If you have an addendum for a service that is not listed in the revised Master Services Agreement, then that addendum will continue to govern that service.) This revision of the Master Services Agreement does not, itself, impose any new or increased fees for any Service.
In general, the revised Master Services Agreement reflects a reorganization of provisions and an incorporation of previous addenda. However, you are responsible for being familiar with all the general and specific revised terms that are applicable to you and your enrolled Treasury Services. In particular, we direct your attention to substantive updates in the following sections: opening paragraph (reflecting the merger of eight previously affiliated bank charters into the single Zions Bancorporation, N.A. bank charter); 2.1 (certain ACH debits will not be suspended by our ACH Positive Pay Service); 11.9(b)(ii) (two options for confirming ACH Batch Control Totals); 11.10 (currency conversion in foreign funds transfers); 11.21(e) (terms for recurring TEL ACH entries); 12 (our new Integrated Payables Service); 14.2(a) (updates to the Positive Pay with Payee Match Service); 14.3 (updates to Reverse Positive Pay); 14.4 (our new Check Block Service); 25 (updated definitions); 26 (updated requirements and recommendations for Dual Control); 29 (charging and collecting fees); 31 (updated requirements to use Positive Pay and ACH Positive Pay Services in connection with Accounts); 32 (updated governing law); 35 (updated limits on liability); 36-37 (updated Notice provisions); 40 (updated right to require information on customers, owners and beneficial owners); 53 (updated security procedure provisions).
If you wish to reject the new terms for any or all of your enrolled Treasury Services, please contact a Bank representative prior to September 15, 2017, and we will arrange termination of the Services that you identify.
We value your business and thank you for banking with us!
Zions Bancorporation, N.A. operates under the trade names Amegy Bank, California Bank & Trust, The Commerce Bank of Washington,
The Commerce Bank of Oregon, National Bank of Arizona, Nevada State Bank, Vectra Bank and Zions Bank.
© 2019 Zions Bancorporation, N.A.