Common use of Dollar Limitations Clause in Contracts

Dollar Limitations. There is a dollar limit of the available balance in the Client’s account on any inter-bank funds transfer including bill payments. Timing – Outgoing wire transfer requests sent to the Bank by 4:00 PM (CST) will be processed the same banking day. Outgoing wire transfer requests sent to the bank after 4:00 PM (CST) will be processed the next banking business day as the Bank is under no same day obligation to act on transactions sent after this deadline. Please refer to your ACH agreement for ACH file origination timing. Balance Information – Balance information obtained through the Services will reflect all credit and debit information as of the end of the previous banking day. The balance figure includes funds that are subject to the Bank’s funds availability policy and may include funds that are not available for immediate withdrawal or transfer. Bank is not obligated to honor transfer. Bank may in its sole discretion refuse to accept or otherwise execute any request for Services, whether for or without cause, and shall have no liability for such refusal. Should any request not be performed by Bank in accordance with instructions received by Client, Bank shall notify Client on or before the next business day of Bank or otherwise by more expeditious means (including telephonic notice). Closed Accounts – Closed accounts will be automatically removed from the Business Direct service 30 calendar days following the date of closure.