Common use of Deposit Holds Clause in Contracts

Deposit Holds. As more fully explained in the “Funds Availability Policy” in the Disclosures and Schedules, when you deposit funds to your Account (including without limitation, electronic direct deposits; deposits by check; Mobile Deposits; deposits of cash; wire transfers; and deposits of cashier’s, certified, teller’s, and federal, state, and local government checks), some or all of the deposited funds may not be immediately available to you and will not be reflected in your Available Balance. For example, when we place a 7 day Large Item Exception hold on a check you deposit to your Checking Account, the amount held is not available for you to spend (and not displayed in your Available Balance) until the 7 day hold expires.

Deposit Holds. As more fully explained in the “Funds Availability Policy” in the Disclosures and Schedules, when you deposit funds to your Account (including without limitation, electronic direct deposits; deposits by check; Mobile Deposits; deposits of cash; wire transfers; and deposits of cashier’s, certified, teller’s, and federal, state, and local government checks), some or all of the deposited funds may not be immediately available to you and will not be reflected in your Available Balance. For example, when we place a 7 5 day Large Item Exception hold on a check you deposit to your Checking Account, the amount held is not available for you to spend (and not displayed in your Available Balance) until the 7 5 day hold expires.