Common use of General Funds Availability Policy Clause in Contracts

General Funds Availability Policy. For savings accounts, we reserve the right to place reasonable holds on deposited funds to the extent permitted by law. For checking accounts, our general policy is to make funds from your deposits available to you on the same business day that we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that have been written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 5:30 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 5:30 pm or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.

Appears in 3 contracts

Samples: Account Agreement, www.cascadecu.org, www.cascadecu.org

AutoNDA by SimpleDocs

General Funds Availability Policy. For savings accountsall accounts except checking, we reserve the right to place reasonable holds on deposited funds to the extent permitted by law. For checking accounts, our general policy is to make funds from your deposits available to you on the same first business day that after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that have been written. For determining the availability of your deposits, every day is a business day, day except Saturdays, Sundays, Sundays and federal holidays. If you make a deposit before 5:30 pm p.m. 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 5:30 pm p.m. on a business day or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

General Funds Availability Policy. For savings accounts, we reserve the right to place reasonable holds on deposited funds to the extent permitted by law. For checking accounts, our general policy is to make funds from your deposits available to you on the same business day that we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that have been written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, Sundays and federal holidays. If you make a deposit before 5:30 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 5:30 5:00 pm or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.

Appears in 1 contract

Samples: psrfcu.org

General Funds Availability Policy. For savings accounts, we reserve the right to place reasonable holds on deposited funds to the extent permitted by law. For checking accounts, our general policy is to make funds from your deposits available to you on the same business day that we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that have been written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, Sundays and federal holidays. If you make a deposit before 5:30 4:00 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 5:30 4:00 pm or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.

Appears in 1 contract

Samples: www.connectioncu.org

AutoNDA by SimpleDocs

General Funds Availability Policy. For savings accountsall accounts except checking, we reserve the right to place reasonable holds on deposited funds to the extent permitted by law. For checking accounts, our general policy is to make funds from your deposits available to you on the same first business day that after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that have been written. For determining the availability of your deposits, every day is a business day, day except Saturdays, Sundays, Sundays and federal holidays. If you make a deposit before 5:30 pm p.m. 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 5:30 pm p.m. on a business day or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.

Appears in 1 contract

Samples: Membership Agreement

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