The Missouri Agreement of Depository For Deposit of Funds In Restricted Account is an agreement between a depositor and a financial institution. This agreement sets forth the terms and conditions for the deposit of funds in a restricted account. The agreement allows the depositor to place funds in the restricted account without the need for a loan. The agreement also outlines the rights and responsibilities of both the depositor and the financial institution. The Missouri Agreement of Depository For Deposit of Funds In Restricted Account is typically used for long-term investments, such as retirement plans, college savings plans, and other investments. The agreement outlines the rules and regulations that must be followed when depositing funds into the restricted account. The agreement also outlines the rights and responsibilities of the financial institution, including the ability to make deposits and withdrawals, and the amount of interest the institution will pay on the account balance. There are two types of Missouri Agreement of Depository For Deposit of Funds In Restricted Account: a revocable and irrevocable agreement. A revocable agreement allows the depositor to make changes to the account without the need for the financial institution's approval. An irrevocable agreement requires the financial institution's approval for any changes to the account.