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 check deposits, other than government checks, made at a shared branch facility, we will place a five business day hold on the funds. 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 closing 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 closing 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.expresscu.org

AutoNDA by SimpleDocs

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 first business day after the 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 check deposits, other than government checks, made at a shared branch facility, facility of ours we will place a five two business day hold on the fundsfunds from such deposits. For determining the availability of your deposits, every day is a business day, except Saturdaysexcept, Sundays and federal holidays. If you make a deposit before closing 3:00 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 closing 3:00 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: Account 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 after the 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 check deposits, other than government checks, made at a shared branch facility, facility of ours we will may place a five two business day hold on the fundsfunds from such deposits. 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 closing 2:00 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 closing 2:00 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: Membership and Account 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 after the 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, electronic drafts, or other demands for payment. For check deposits, other than government checks, made at a shared branch facility, facility of ours we will place a five two business day hold on the fundsfunds from such deposits. For determining the availability of your deposits, every day is a business day, except Saturdaysexcept, Sundays and federal holidays. If you make a deposit before closing the close of business 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 closing the close of business 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.summitcu.org

AutoNDA by SimpleDocs

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 the first $200 from your deposits deposit available to you on the same first business day after the 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 check deposits, other than government checks, made at a shared branch facility, facility of ours we will place a five two business day hold on the fundsfunds from such deposits. For determining the availability of your deposits, every day is a business day, except Saturdaysexcept, Sundays Saturday, Sunday and federal holidays. If you make a deposit before closing 3:00 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 closing 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: www.coopfcu.org

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