Common use of Processing Deadlines Clause in Contracts

Processing Deadlines. The Bank has specific processing deadlines (“Cut-off Time”) as outlined in Exhibit ‘A’, which may be amended from time to time by Bank after giving written notice to Customer at least 30 days prior to the effective date of changes. Deposits received by the deadline will be transmitted that day to the Federal Reserve Bank or applicable clearinghouse or image exchange group for settlement on the effective entry day.

Appears in 2 contracts

Sources: Online Banking Services Agreement, Mobile Deposit Services Enrollment & Agreement