Assignment of Savings Account - Financial Form

A legal form template which authorizes a bank to pay funds to an assignee a sum out of moneys deposited in a savings account.

To use this form, Copy the form text from the web page with your mouse (Ctrl+C) and paste it (Ctrl+V) into a new Microsoft Word document. Edit the blanks in the document and type in your own information. Fill in the banks and print it out and sign.

Assignment of Savings Account financial template

Assignment of Savings Account Financial Form

For value received, I, __________(1)___________, of ________(2)___________, transfer and assign to ______(3)________, of _______(4)_____________, as assignee, savings account No. _____(5)_____, in my name with ___________(6)__________, and all moneys due or to become due thereunder. I authorize _______(7)_____________ to pay over to assignee this sum out of moneys deposited in my name in the above-mentioned account.

I warrant that I have made no prior transfer or assignment of any part of the account assigned hereby and that the balance thereof is now at least ______(8)_______ Dollars ($________).

I have delivered to assignee herewith the savings passbook issued in connection with this account, and I authorize assignee to ask for, demand, collect, and give a receipt for money in the assigned savings account, without any previous demand or notice. I agree to do whatever assignee may reasonably require to assure payment to assignee, to the extent hereby assigned, of the money in the account.

Dated __________(9)___________, __________(10)_.

_____________(11)_____________

PLEASE NOTE:

The free legal forms and information displayed in this document is designed to provide you with an example that you can follow when creating your own business legal documents. As you know, local county, city and state laws vary. Therefore, it is recommend that you seek the professional legal counsel (from an attorney) before you enter into any legal binding contract or agreement. Hoover Web Design is not responsible for any liability that comes from the use of this free legal form.

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