A. General Terms and Conditions

1. DEFINITIONS
In these Account Terms, unless otherwise defined or required by the context, the following terms have the following meanings:

Account and Bank Account means any and all WealthONE accounts;

Account Agreement means this Savings Accounts and GIC Investments Agreement;

Authorized Persons means, if You are a corporate entity, an association, or a general partner, limited partner or trustee that is a corporate entity, or similar entity, up to three individuals appointed by You, who will be the only individuals permitted to provide Instructions for Transactions (each an "Authorized Person");

Account Terms means the terms, conditions and other agreements, including the Account Agreement, between You and Us, with respect to Products offered by Us, as may be amended from time to time, and which were delivered to You when You opened Your Account. This also includes notifications, Our Privacy Agreement and any other document that is available on Our Website or online and mobile banking applications;

Business Day means any day that the WealthONE head office is open for business in the province of Ontario;

Cashable GIC Investment is a GIC that is fully or partially redeemable (minimum $1,000 redemption request accepted and $1,000 must be maintained in the GIC) prior to the maturity date only after the redemption eligibility period indicated on the GIC application form has been met;

Client Number means a unique number assigned to You by Us upon acquiring a Product;

EFT means electronic funds transfers, including transfers between Your Product(s) or transfers between Your Product(s) and Linked Accounts;

Electronic Transaction means transactions with respect to a Product, including deposits and withdrawals, which include payments (including bill payments and preauthorized debits), transaction cancellation Instructions, Interac e-Transfers®, and other ransactions with respect to a Product that We may permit through Our Website or online and mobile banking applications;

Escalator GIC means a GIC Investment that has a term of three (3) years and an interest rate that increases each year of the term. The Escalator GIC is fully or partially redeemable only on the anniversaries of the Issue Date and is not redeemable at any other time prior to the maturity date. Minimum investment is $1,000.

GIC Investment means a Guaranteed Investment Certificate offered from time to time by WealthONE;

Instruction means an instruction by You that is communicated to Us after verifying Your identity;

Linked Account means an account held with another financial institution in Canada and that is linked to Your Savings Account;

Non-Redeemable Short Term GIC Investment is a GIC that is not redeemable prior to the maturity date, and which has a term of less than one (1) year;

Non-Redeemable GIC Investment is a GIC that is not redeemable prior to the maturity date, and which has a term of one (1) year or more;

PAC means the personal access code that when used with your Client Number, allows You to access Your Account;

PAD means a pre-authorized debit / withdrawal from Your account at a financial institution that is carried out by WealthONE or another financial institution that has Your authorization to do so;

Product(s) means a GIC Investment or a Savings Account offered from time to time by WealthONE;

Product Application Form means the WealthONE application form for a GIC Investment or Savings Account as applicable;

Savings Account means any savings account offered from time to time by WealthONE;

Service means the Deposit Anywhere© Mobile Remote Cheque service provided by WealthONE;

Transactions means transactions with respect to a Product, including deposits and withdrawals, which include electronic funds transfers (including transfers between Your WealthONE Accounts or transfers between your Linked Accounts) or payments (including bill payments and preauthorized debits), transaction cancellation Instructions, Interac e-Transfers®, and other transactions with respect to a Product that We may permit;

Us, Ours, We, WealthONE means Wealth One Bank of Canada;

Website means www.wealthonebankofcanada.com; and

You, Your, Account Holder, Client means You, the person, corporation, partnership, Authorized Person or other Client who has entered into an agreement with WealthONE, to deposit funds in a Product; and the primary Account Holder means the first person listed on such agreement.

2. LIMITED TO FUNDS HELD IN CANADIAN FINANCIAL INSTITUTION
The Products are denominated in Canadian dollars and can only be opened with funds transferred from a federally or provincially regulated financial institution located in Canada.

3. IDENTITY VERIFICATION AND ACCOUNT OPENING REQUIREMENTS

We are required by law to verify Your identity and You agree and consent to such verification and agree to provide any documentation necessary for Us to complete Our verification process. You agree and consent to Our use of any credit bureaus, credit reporting agencies or similar third parties to verify Your identity. Your Product cannot be opened or established until satisfaction of these requirements. You agree to provide any records that may be required for the opening of Your Product and its continued operation under federal and/or provincial law, including but not limited to, those necessary under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act or such other similar legislation as the case may be.

4. CLIENT ELIGIBILITY
To be eligible to open and maintain a WealthONE Product with Us, You must be a Canadian resident with a permanent Canadian address, and You must be the age of majority in the province in which you reside.

5. SERVICE FEES AND INTEREST RATES
Service fees in respect of the Products are outlined in the Fee Schedule available at Service Fees. We may modify the Fee Schedule in respect of the Products, provided We have given written notice of such new or increased fees to You, at least thirty (30) days before the effective date.

The current interest rates applicable to the Products are available at GIC rates and HISA rates or by emailing Us at help@wealthonebank.ca. The interest rates are subject to change at any time without prior notice to You, at Our sole discretion.

6. INSTRUCTIONS
Instructions concerning the Products may be given to WealthONE in person at any WealthONE office, through online banking at https://online.wealthonebankofcanada.com/OnlineBanking or any other means provided by WealthONE. Any Instructions given to WealthONE by telephone, online banking or other electronic means will be treated as if such Instructions are written and signed Instructions. A copy of any electronic communication will be admissible in any legal, administrative or other proceedings in the same manner as an original document in writing. You agree to waive any right to object to the introduction of any copy of electronic communications in evidence.

7. ACCOUNT INFORMATION
We will make information about the Products and Transactions available each month by either mailing a statement to You or through online banking. Details of the Products and Transactions, including Account balances, are also available by telephone.

8. JOINT ACCOUNTS
This section applies if there is more than one owner and the Product is held as joint tenants. If a Product has more than one Account Holder, each Account Holder will confirm his/her identity with Us and is responsible for maintaining the security of his/her identity. You agree jointly and severally, which You acknowledge means together and separately, with WealthONE and with each other that:

• We may pay all principal and interest under the Product to any one Account Holder, or Your attorney or agent; any payment may be made by Us upon receipt of Instructions signed by any one Account Holder and such payment shall discharge WealthONE from all liability whatsoever in connection with the Product and the monies paid;
• each Account Holder may conduct Transactions and We may accept Instructions from any one Account Holder with respect to any Transaction, including transfer; each Account Holder is responsible, both individually and jointly, for all obligations arising from these Account Terms; and
• if any Account Holder dies who is a resident of any province or territory within Canada (excluding Quebec), any positive balance may be withdrawn or made payable to the surviving Account Holder(s) and You hereby assign the balance of any jointly held Product to the surviving holder(s) in the event of Your death.
• Each Account Holder hereby constitutes and appoints as attorney for him/her each other Account Holder to deal with the Savings Account and to give Instructions to Us in regard to the Savings Account and the Products on his/her behalf including, without limitation, the execution of any documentation in that regard. This shall be a good, sufficient and irrevocable authority to each Account Holder to do so. Once a Product is designated as a joint account, We may disclose information concerning the Product prior to it becoming a joint account to each Account Holder. Each Account Holder acknowledges and agrees to the set-off/right of compensation provision below.

9. ACCOUNT HOLDERS THAT ARE NOT INDIVIDUALS
Products may be available if You are operating as a business or operating otherwise not as an individual. Each Authorized Person will confirm his/her identity with Us and is responsible for maintaining the security of his/her identity. For certainty, all provisions of these Account Terms apply to Products that are owned by Account Holders that are not individuals. If You are a limited partnership with partners who are individuals, only the partners are permitted to be Authorized Persons and each such Authorized Person must complete the requirements under these Account Terms as if they were the Account Holder.

10. IN-TRUST ACCOUNTS
This section applies if You have indicated on the Product application that the funds held in the Product are “in trust” for the beneficiary or beneficiaries named on the Product application. We have no obligation to observe the terms of any trust, whether written, verbal, implied, informal, constructive or otherwise, and You are solely responsible for complying with any terms of the trust or any laws applicable to trusts. You acknowledge and agree that You, as Account Holder, are also the trustee of the Product and that the beneficiary is the beneficial owner of any funds deposited in the Product. You are required, as the Account Holder, to manage the Product (for the benefit of the beneficiary) and We will only accept Instructions from You to effect Transactions in respect of the Product after purchase. You agree that You are liable to Us for all liabilities and obligations respecting the Product in Your personal capacity as the Account Holder and not as a trustee, agent or otherwise.

11. BANKRUPTCY/INCOMPETENCY
We will not allow You to withdraw money from Your Product or deal with Your Product in any way if (i) We discover that You have declared bankruptcy or become the subject of bankruptcy proceedings; or (ii) We are given notice that You have been declared mentally incompetent or incapable of managing Your own affairs, subject to You having appointed an attorney whose capacity survives your mental incompetency, or a legal guardian being appointed to manage Your affairs

12. PRIVACY
To establish the Products, You shall provide Us directly or indirectly with information about You including, without limitation, Your name, address, and social insurance number or other tax identification number as may be applicable to You (collectively, “Personal Information”).

You consent to the collection of Your Personal Information by Us and/or Your deposit broker and to the use, retention and disclosure of Your Personal Information as is reasonably required in connection with (i) the establishment and maintenance a Product, to meet legal and regulatory requirements and for statistical, audit and security purposes; and (ii) for determining Your eligibility for any other products or services to be offered, all in accordance with the WealthONE Privacy Agreement.

For information about WealthONE’s Privacy practices, visit the WealthONE Legal page or contact us. You have the right to access Your Personal Information and change any Personal Information which may be obsolete or incorrect. Please refer to the WealthONE Privacy Agreement for information about how to access and/or change Your Personal Information, or exercise Your right to withdraw Your consent to the use and disclosure of the Personal Information for the purposes described above.

13. DEPOSIT INSURANCE
WealthONE is a member of the Canada Deposit Insurance Corporation (CDIC). Products are eligible for CDIC coverage, subject to CDIC rules and regulations. Visit www.cdic.ca or call 1.800.461.2342 for details.

14. TRANSFER
You may not transfer a Product to someone else, except by operation of law or with Our consent.

15. AMENDMENTS
Changes to these Account Terms may be made by Us at any time, without prior notice unless advance notice is required by law. When changes are made, notice of the change will be posted on the Website. You agree that if You access or have funds on deposit in any Product, You will be deemed to accept the change. If You do not agree to a change in these Account Terms, You must notify Us and immediately stop using the Products.

16. DEDUCTIONS
We may deduct from the Product interest, fees, taxes or penalties payable, as applicable.

17. SET-OFF
We retain the right to set-off/right of compensation against any amounts in the Products to pay any debt, compensation or other obligation You may owe to WealthONE. You understand and agree to allow Us to use some or all of the money in Your Products to pay any debts that You owe Us without prior notice to You.

18. RIGHT TO SUSPEND OR WITHDRAW THE PRODUCT
We may suspend or withdraw the Product without notice if required by law or if, at any time, We have reasonable grounds to believe the Product is being used for any unlawful or improper purpose, is the subject of fraud, or is being operated in a manner unsatisfactory to Us, contrary to Our policies, or contrary to these Account Terms.

Pursuant to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, We are required, in certain circumstances, to report any “suspicious transactions” to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), a government agency. Suspicious transactions are Transactions which may relate to money laundering and the financing of terrorist activities. We reserve the right not to provide the Product to a client.

19. LANGUAGE
It is the express wish of the parties that this Agreement and any related documents be drawn up and if execution is required, to be executed in English. Les parties convenient que la présente convention et tous les documents s'y rattachant soient rédigés et signés en anglais.

20. LINKED ACCOUNTS
You may provide Us with an encoded personal or business cheque from Your other financial institution to allow Us to link Your Product with Your Linked Accounts. We may limit the number of Linked Accounts that can be linked to Your Product(s). We will only process Transactions to and from Linked Accounts with identical ownership details. For example, Transactions cannot be effected between an account owned by an individual Account Holder and an account owned by an Account Holder that is not an individual. In the case of a joint Product, a Linked Account may be owned by only one of the Account Holders.

21. TAX REPORTING
Interest will be reported for tax purposes in the manner required by the Canada Revenue Agency.

22. ELECTRONIC TRANSACTIONS
You are responsible for ensuring that there are sufficient funds in Your Account to cover any Electronic Transactions You may initiate. You will be accountable for any Transaction that is not processed due to insufficient funds.

Electronic Transaction Instructions may be made through Our mobile, online or telephone banking, and by other methods made available by Us, from time to time.

An EFT initiated by You via online or mobile banking, or telephone will be processed upon Your request to or from Your Linked Accounts. It typically takes one (1) to three (3) Business Days for funds to arrive in Your Product or to Your Linked Account after the EFT request is made. Funds transfer arrival dates are not promised or guaranteed. Note that even after funds have arrived in Your Product they may be subject to a hold period, including funds which have arrived via direct deposit. Please see the ‘Holds on Your Account’ section below for further information.

In cases where EFTs cannot be processed with a Linked Account, the Transaction request will be reversed. We will not accept cash for deposit, nor will We disburse cash, and will not be responsible for funds lost in transit or in standard mail. Traveller’s cheques will not be accepted for deposit.

We will not accept cheques payable in U.S. dollars or other foreign currencies. We, in Our sole discretion, may deem a deposit or withdrawal to be fraudulent or counterfeit. If this occurs, the Transaction request will not be processed and, as applicable, funds will not be returned to You.

We may establish dollar amount limits and/or limit the number of Transactions. These limits may change at any time and without prior notice to You. If You attempt a Transaction that is in excess of these limits, We may reject the Transaction.

23. HOLDS ON YOUR ACCOUNT
When You deposit funds with Us by cheque or EFT, We may place a hold on all or a portion of Your deposit until We have verified that the funds are available from the other financial institution to cover the deposit.

Although the deposit will be reflected in Your Account balance immediately, Your ability to access the entire amount of Your deposit will be limited until the hold period has expired. You will be unable to withdraw, transfer or pay bills using funds that are being held. The time period for deposits being held generally ranges from five (5) to eight (8) Business Days, and depends on the amount and nature of the deposit.

The hold period may be extended at Our discretion if We believe there is a material increased credit risk concerning Your Account. The hold period may also be extended where We believe a deposit has been made for illegal or fraudulent purposes, where an Account has been open for less than thirty (30) days, or for other reasons/purposes at WealthONE’s discretion. You will be notified in writing of any extended hold period. A hold may also be placed on Your Account when We receive new or updated Personal Information concerning Your Account while We verify such information.

24. OTHER GENERAL AND LEGAL PROVISIONS
We will comply with any lawful third-party demand or court order that is received in respect of the Product without notice to You. If We comply with a third-party demand, We may charge a reasonable cost against a Product. You agree that We will not be liable to You in any way for complying with, or otherwise acting upon, any third party demand or court order issued on Your Product. We are not responsible for any investment, accounting, legal or tax advice concerning the Products.

You acknowledge and agree that these Account Terms will be governed by the laws of the Province of Ontario, Canada. You hereby agree and confirm that these Account Terms are subject to the exclusive jurisdiction of the courts of the Province of Ontario as the proper and most convenient forum concerning these Account Terms.

If You have a concern or complaint, please refer to the “Resolving your Complaint” page for more information.

In the event that any provision or part of any provision of these Account Terms is deemed to be illegal, invalid or unenforceable by reason of the operation of any law or by reason of the interpretation placed thereon by a court, such provision or part of such provisions shall not affect the validity of any other provision or the remainder of such provision and the remaining provisions shall remain in full force and effect.

25. THIRD PARTY SERVICE PROVIDERS
We may engage the services of third party service providers for the purpose of providing e-commerce services to WealthONE and Our Clients.

WealthONE shall be solely responsible for its use and its Clients’ use of the e-commerce services provided by the third party service provider. The third party service provider shall have no responsibility or liability for any acts or omissions of persons to whom user IDs or passwords are issued.

26. LIMITATION OF LIABILITY
We are not responsible for any losses, costs, damages or any failure to obtain any profit in connection with Your use of a Product or with any of Our other products or services, without limitation and however caused, unless We were grossly negligent. If We were grossly negligent, You will not hold Us liable for any indirect, special or consequential damages (including loss of profits). You will be responsible for any loss, cost or liability (including reasonable legal charges) incurred by Us as a result of Your failure to comply with these Account Terms.

27. INDEMNITY AND LOSS
You agree to indemnify Us, Our officers, directors, employees, agents and affiliates against any claims, costs or liabilities incurred by Us in connection with any services provided by Us to You or any other dealings between You and Us, including any claim or liability resulting from Our endorsement on any negotiable instrument, arising out of a forged, altered or unauthorized signature on such negotiable instrument or otherwise.

You will be responsible for any and all losses that result from Your own use of a Product. You will also be responsible for any losses that result from any use of a Product by a third party authorized by You to use Your identity, personal verification questions, or password. You will not be responsible for losses which occur after You advise Us that, due to circumstances beyond Your control, someone else knows or may know Your identity or the answers to Your personal verification questions.

28. CONTACT INFORMATION Head Office:

Wealth One Bank of Canada, 18 King Street East, Suite 1002, Toronto, ON Canada M5C 1C4
Toll Free Phone: 1.866.392.1088
Email: help@wealthonebank.ca
Website: www.wealthonebankofcanada.com