Common use of Funds Availability Policy Clause in Contracts

Funds Availability Policy. 1. GENERAL FUNDS AVAILABILITY POLICY – Funds from cash deposits, wire transfers, and certain check deposits (such as Treasury checks and cashiers checks) will generally be made available for withdrawal by the business day after the banking day of deposit. At that time, funds may be used as needed. For determining the availability of your deposits, everyday is a business day, except weekends and federal holidays. Deposits made after closing, or on a non business day, will be considered deposited on the next business day.

Appears in 4 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.