Mobile Deposit Funds Availability Sample Clauses

Mobile Deposit Funds Availability. Business Days and Cut-off Time: Bank is open Monday through Friday excluding federal holidays. Check Images received and accepted for processing prior to 4:00pm Central Time on a business day that Bank is open are considered received as of that day. Otherwise, the Check Images will be considered the work of the next business day. Mobile Deposits may be delayed as stated in the Funds Availability Policy.
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Mobile Deposit Funds Availability. Business Days and Cutoff Time: We are open Monday through Friday excluding federal holidays. Check Images received and accepted for processing prior to 6:00PM Eastern Time on a business day that we are open are considered received as of that day. Otherwise, the Check Images will be considered the work of the next business day. Funds are available on the next business day after the day of deposit for U.S. Treasury Check. Funds are available on the second business day after the day of deposit for other checks drawn on a bank in the United States, including: ● Personal and Business Checks ● State and Local Government Checks ● Treasurer's/Xxxxxxx's Checks ● Certified Checks ● Federal Reserve Bank Checks ● Federal Home Loan Bank Checks ● U.S. Postal Service Money Orders The first $225.00 from a deposit of checks will be available on the next business day after the deposit is applied to the Varo Bank Account. The remaining funds in excess of $225.00 will be available on the second business day after the day the funds from Mobile Deposit are applied to the Varo Bank Account. For example, if a check of $725.00 is applied to the Varo Bank Account on a Monday that we are open, $225.00 of the deposit is available on Tuesday. The remaining $500.00 is available on Wednesday. We may, at our sole discretion, make funds available for certain checks earlier than stated above, based on the amount of time the Varo Bank Account has been open and prior Varo Bank Account activity. Under certain circumstances, a longer hold period may apply before funds deposited by check are available. A longer delay may apply if, for instance: ● We believe a deposited check will not be paid; ● You deposit checks totaling more than $5525.00 in one (1) calendar day; ● You redeposit a check that has been previously returned unpaid; ● The Varo Bank Account has had a negative balance anytime in the last six (6) calendar months; ● We experience an emergency, such as failure of communications or computer delays. We will send an Electronic Notice informing you if your ability to withdraw funds is delayed for any reason including information on when the funds will be available. Generally, funds will be available no later than the ninth (9th) business day after the deposit is accepted for processing. For new customers, these special rules will apply for a Varo Bank Account open less than thirty
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Mobile Deposit Funds Availability. The funds for the Checks that you deposit through the Service may not be immediately available to you. The funds for all accepted Checks will be available in accordance with the Bank’s Funds Availability Disclosure, as amended from time to time, a copy of which can be requested by calling Customer Service at (000) 000-0000.
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Mobile Deposit Funds Availability. This section, and the availability of funds as described here, applies only to deposits made through Mobile Deposit through the Mobile App.
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Related to Mobile Deposit Funds Availability

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • Funds Availability Policy Our policy is to make funds from your cash and check deposits available to you on the first (1st) business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once deposited funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the fifth (5th) business day after the day of your deposit. This rule does not apply at ATMs that we own or operate (proprietary ATMs). All ATMs that we own or operate are identified as our machines. Funds from any deposits (cash or checks) made at proprietary ATMs may not be available until the second (2nd) business day after the day of your deposit. 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 6:00 p.m. Pacific Standard Time 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 6:00 p.m. Pacific Standard Time, or on a day we are not open, we will consider that the deposit was made on the next business day we are open. In some cases, we will not make all of the funds that you deposit by check available to you on the first (1st) business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth (5th) business day after the day of your deposit. However, the first $225 of your deposits will be available on the first (1st) business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first (1st) business day after the day of your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice or electronically deliver the notice, if you have agreed to receive notices from us in an electronic format, by the business day after we receive your deposit. If you will need the funds from a deposit immediately, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: 1. We believe a check you deposit will not be paid. 2. You deposit checks totaling more than $5,000 on any one day. 3. You redeposit a check that has been returned unpaid. 4. You have overdrawn your account repeatedly in the last six (6) months. 5. There is an emergency, such as failure of communications or computer equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh (7th) business day after the day of your deposit.