Preauthorized Deposits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same third party, you can call us at the number listed in paragraph 2 above to find out whether or not the deposit has been made. These deposits will appear on your periodic statement. We are not required to accept an electronic deposit to your account resulting from a wire transfer. In the event we accept a wire transfer deposit, we will not be responsible for any loss, including interest or attorney’s fees, you may claim relating to your late receipt of notice of deposit. For electronic deposits involving the Automated Clearing House, such transfers are not considered final until we receive final settlement of the deposit. We have the right to reserve these deposits from your account if we do not receive this final settlement.
Appears in 7 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement
