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Accounts for consumers that can certify their W-9 status. 

If you notify us that you are no longer eligible to W-9 certify, 

we will close your Accounts as described in Section 24 below.

(3) AGREEMENT ACCEPTANCE / W-9 CERTIFICATION

As a condition to open or maintain an Account with us, you must 

do the following:

(i) Indicate your acceptance of the Agreement.

a.  For Accounts (other than IRA CDs) opened online, the 

acceptance of the Agreement is included as part of the 

online application.

b.  For Accounts (other than IRA CDs) opened by phone, 

fax, mail or at the Branch, the acceptance of the 

Agreement can either occur online for eligible accounts, 

on the Signature Card, or on the application. We must 

receive your acceptance of the Agreement, before any 

debits, including withdrawals, are permitted on your 

Checking Account, Money Market Account, Non-IRA CD 

or Savings Account.

c.  For IRA CDs applied for online, or by phone, fax, mail 

or at the Branch, the acceptance of the Agreement is 

included on the Signature Card. 

d.  You also accept the Agreement by opening or using  

the Account.

(ii)    Complete W-9 Certification. If we do not receive a 

completed W-9 certification from the Accountholder 

whose name appears first on the Account (“Primary 

Accountholder”) or already have a signed W-9 on file, the 

Account(s) may be subject to backup withholding, as set 

forth in Section 8(b), or we may close the Account(s) and 

return the funds to you, without interest, by mail or other 

reasonable means as determined by us and you will not 

be entitled to any special incentives that may have been 

offered to you for opening your Account.

a.  For Accounts (other than IRA CDs) opened online, 

W-9 certification is included as part of the online 

application.

b.  For Accounts (other than IRA CDs) opened by phone, 

fax, mail or at the Branch, W-9 certification can either 

occur online for eligible accounts, on the Signature 

Card, or on the application.

c.  For IRA CDs applied for online, or by phone, fax, mail or 

at the Branch, W-9 certification occurs on the  

Signature Card.

(iii) (a)New IRA Plans: (1) If you open a new IRA Plan(s), you 

will have 60 days (starting with your IRA application date) 

to return the correctly and fully completed IRA application 

and Signature Card (“IRA Documents”). You will have an 

additional 60 days from the date we receive the completed 

IRA Documents to return the IRA contribution form(s) 

(“Contribution Form(s)”) and fund your IRA CD. If we do not 

receive the signed IRA Documents within 60 days from your 

application date, or if we do not receive the Contribution 

Form(s) and funding within 60 days from the date we 

receive the signed IRA Documents, your application will be 

deemed abandoned and your IRA CD will not be opened.  

If you provided ACH funding instructions or internal 

transfer funding instructions during the IRA application 

process, the instructions will be executed once the 

correctly and fully executed IRA Documents and 

Contribution Form are received by us. Any type of 

contribution received prior to our receipt of the IRA 

Documents and Contribution Form will be returned. 

However, if a check is received prior to the receipt of the 

IRA Documents or the Contribution Form, we will hold 

it for up to 30 days. If the correctly and fully executed 

IRA Documents and Contribution Form are not received, 

the check will be sent back to the address noted on the 

application after 30 days. IRA funding checks will not be 

deposited and no interest will be paid until the IRA CD 

is opened. (2) If you revoke a new IRA Plan(s), you have 

21 days from the date we mail your Welcome Kit for the 

first IRA CD under the Plan to revoke your IRA Plan. If you 

choose to revoke your IRA Plan during the 21 days, we 

will close your IRA CD and return any funds to you without 

interest and we will waive the applicable Early  

Withdrawal Penalty.

(b) For Existing IRA Plans: If you open an IRA CD under 

an existing IRA Plan, you will have 60 days starting with 

the application date to return the Signature Card and 

Contribution Form and fund your IRA CD. If we do not 

receive the signed Signature Card, signed and correctly 

completed Contribution Form and funding within 60 days 

starting with the application date, your application will be 

deemed abandoned and your IRA CD will not be opened. If 

you provided ACH funding instructions or internal transfer 

funding instructions during the application process, 

the instructions will be executed once the correctly and 

fully executed Signature Card and Contribution Form are 

received. Any type of contribution received prior to our 

receipt of the Signature Card and Contribution Form will 

be returned. However, if a check is received prior to the 

receipt of the Signature Card and Contribution Form, we 

will hold it for up to 30 days. If the correctly and fully 

executed Signature Card and Contribution Form are not 

received, the check will be sent back to the IRA Plan 

mailing address after 30 days.

(c) If you open a new IRA Plan or a new IRA CD under 

an existing IRA Plan for a prior year contribution, all 

documents, including the correctly completed IRA 

application, Signature Card and Contribution Form must 

be returned to Discover Bank, along with the prior year 

contribution and received and processed by us by the tax 

filing deadline. We are entitled to a reasonable amount of 

time after receipt to process your prior year contribution. 

If funding via check, the check must be postmarked on or 

before the tax filing deadline. 

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