Deposit and Withdrawal Requirements a. General Deposit Provisions—Subject to special rules for ACH Transfers (see subsection “V.3.b. ACH Transfer Provisions” below), when you make a deposit, we will act only as your collection agent and will not be responsible beyond the exercise of good faith and ordinary care. All deposits are provisionally credited subject to our receipt of final payment. If you transfer funds into your Account and the transfer is returned to us by the paying financial institution for any reason, you agree that we may deduct the amount of the transfer against your Account, without prior written notice to you. We may send the transfer back for collection a second time without notifying you, and you waive any notice of dishonor and protest. At our discretion, we may return, reject, and/or refuse to accept a deposit; for example, we may refuse to accept a transfer to your Account if we believe that accepting the transfer would cause us to violate any applicable law or cause your Account to exceed any applicable maximum deposit limits.
Deposit and Withdrawal Requirements. (i) Minimum Deposit. A minimum deposit of at least $25,000.00 for CD and $5,000.00 for MMA is required to open an Account. Your Account will not begin to earn interest until: (i) your CD Account has been funded with the $25,000.00 minimum deposit and/or (ii) your MMA has been funded with the $5,000.00 minimum deposit. You are not permitted to deposit additional funds into your CD Account after it has been open. However, you are permitted to deposit and transact on your MMA consistent with subsection the limits of transactions applicable to MMA as detailed in the Disclosure & Schedule of Fees for TotalDirectBank and the Deposit Agreement as well as the maximum deposit limitations found in the subsection below. If you fail to fund your Account with at least the minimum deposit of $25,000.00 within thirty (30) days of Account opening, we may close your Account. The term of your CD begins on the day of the final deposit into your CD Account, subject to clearance of the funds (e.g., with a check, collection of the funds from the depository bank, with ACH upon final settlement, or with wire transfers, upon receipt and credit into the account). The MMA is deemed opened on the day of the final deposit into your Account, subject to clearance of the funds (e.g., with a check, collection of the funds from the depository bank, with ACH upon final settlement, or with wire transfers, upon receipt and credit into the account).
Deposit and Withdrawal Requirements. (A) Deposits.
Deposit and Withdrawal Requirements
