Common use of Determining the Availability of a Deposit Clause in Contracts

Determining the Availability of a Deposit. The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays, and Federal holidays. If you make a deposit before 5:00 PM on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 5:00 PM or on a non- business day, we will consider that the deposit was made on the next business day we are open. If you make a deposit on a business day through a NewBank ATM no later than 3:00 PM, we will consider that day to be the day of your deposit. However, if you make a deposit after this stated time, or on a weekend, a Federal holiday, a state holiday, or the day we are closed, we will consider that the deposit was made on the next business day. The length of the delay varies depending on the type of deposit and is explained below.

Determining the Availability of a Deposit. The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays, and Federal federal holidays. If you make a deposit before 5:00 PM local time on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 5:00 PM local time or on a non- business dayday we are not open, we will consider that the deposit was made on the next business day we are open. If you make a deposit on a business day through a NewBank Shinhan Bank America ATM no later than 3:00 PM4:00 PM local time, we will consider that day to be the day of your deposit. However, if you make a deposit after this stated time, or on a weekend, a Federal federal holiday, a state holiday, or the day we are closed, we will consider that the deposit was made on the next business day. The length of the delay varies depending on the type of deposit and is explained below.