Common use of Holds on Other Funds (Other Account Clause in Contracts

Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Appears in 9 contracts

Samples: Personal Account Agreement, Personal Account Agreement, www.mechanicsbank.com

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Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability ability to withdraw a corresponding amount of funds that you have on deposit in another account (such as a savings account) with us. The funds in the other account would then not be available for withdrawal or to pay other items drawn on your account until the applicable hold time periods that are described elsewhere in this disclosure for the type of check that you depositedhas expired. (See “Longer Delays May Apply” above.)

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bankfinancial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability ability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Appears in 2 contracts

Samples: Membership and Accounts Agreement, Membership and Accounts Agreement

Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately immedi- ately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Appears in 2 contracts

Samples: Service Agreement, Service Agreement

Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability availability, to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.. Substitute Checks and Your Rights

Appears in 2 contracts

Samples: Deposit Agreement, Deposit Agreement

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Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account Account with us. The funds in the other account Account would then not be available for withdrawal until the end of the time periods that are described elsewhere in this disclosure Part I for the type of check that you deposited.

Appears in 1 contract

Samples: Retail Deposit Account Agreement

Holds on Other Funds (Other Account. If we accept for deposit a check that is drawn on another bankfinancial institution, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Appears in 1 contract

Samples: Business Accounts Agreement

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