Funds Availability definition
Funds Availability. When you transfer funds from an Authorized External account to your Deposit Account, the funds will be available for your use or within 3‐5 business days.
Funds Availability. The Credit Union policy is to make the first $225 of the deposit available to the member immediately, while the remaining funds will become available around two (2) business days after the date of deposit. Even after the Credit Union has made funds available to the member, and even if the member has withdrawn the funds, said member is still responsible for checks that are deposited and are returned to the Credit Union unpaid, and for any other problems involving said member’s deposit.
Funds Availability refers to your ability to use the funds that you deposit into your account through the Service. This funds availability policy only applies to deposits made using the Service. Deposits made at a branch location or ATM remain subject to the funds availability policy outlined in your deposit account agreement. The funds for the Checks that you deposit through the Service may not be immediately available to you. In order to determine the availability of your funds, you will need to determine the date and time that the Checks and all required data and information are received by the Bank. You understand and agree that we will not be deemed to have received a Check deposit through the Service until we notify you via onscreen messaging and/or e-mail that we received the Check deposit.
Examples of Funds Availability in a sentence
Refer to the Funds Availability Disclosure below for information regarding the availability of funds deposited into a Checking Account.
Also, the availability of funds for transfer or withdrawal may be limited due to the processing time for any ATM deposit transactions and our Funds Availability Policy.
In general, and subject to our Funds Availability Policy, if a check is deposited using Mobile Deposit before 5:00 PM (ET) on a regular business day and is accepted by us, that day will be the day of deposit and provisional credit on the funds will be made available the next day.
Availability of funds from checks deposited using Mobile Deposit will be in accordance with your Deposit Account Agreement and our Funds Availability Policy.
Items received through Mobile Deposit will be subject to the Bank’s Funds Availability Policy as defined by the Federal Reserve Board’s Regulation CC (12 CFR 229).
More Definitions of Funds Availability
Funds Availability refers to your ability to use the funds that you deposit into your account through the Service. This funds availability policy only applies to deposits made using the Service. The funds for the Checks that you deposit through the Service may not be immediately available to you. In order to determine the availability of your funds, you will need to determine the date and time that the Checks are all required data and information are received by the Bank. You understand and agree that we shall not be deemed to have received a Check deposit through the Service until we notify you via onscreen messaging and/or e‐mail that we received the Check deposit. The deposit cut‐off time for the Service is 3:30 PM Central Time (CT). The Bank reserves the right to change the cut‐off time in its sole discretion. Such change shall be effective immediately and may be implemented before you receive notice of the change. You may contact us at any time to verify our current cut‐off time. If you complete the scanning and transmission process and receive your deposit receipt, Checks that you deposit before the cut‐off time on our business days will be considered as received that same business day. Checks that are received by us through the Service after the cut‐off time on a business day, or on any day that is not a business day, will be considered as received by us on the next business day. For purposes of determining when a deposit is received, the Bank’s records shall be determinative. Funds from Checks you deposit using the Service will generally be available on the same Business Day the Bank received it. The Bank may delay availability of funds based on such factors as credit worthiness, the length and extent of your relationship with us, transaction and experience information, and such other factors as the Bank, in its sole discretion, deems relevant. 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. In general, funds delayed for the above reasons will be available no later than the seventh Business Day (Monday thru Friday, excluding federal holidays) after the day of your deposit. You agree that it is your responsibility to understand and build into your transmission schedules the appropriate deadlines necessary to meet our funds availability schedule. We are not liable for transactions you initiate before the funds are available for your use. Until the funds are made available, yo...
Funds Availability. When you transfer funds from a Verified Account at an Approved Financial Institution to your eligible VersaBank USA Online Account, the funds will be available for use the day the funds post to the VersaBank USA Online Account. • There must be adequate funds in your Verified Account at the time we attempt the deduction or your request will not be processed.
Funds Availability. Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. At that time, you can withdraw the funds in cash, and we will use the funds to pay checks that you have written. 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 5:15 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 5:15 PM 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 business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the eleventh business day after the day of your deposit. However, the first $100 of your deposit will be available on the first business day after we receive your deposit. If we are not going to make all of the funds from your deposit available on the first business day, 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 by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for an even longer period under the following circumstances: • We believe a check you deposited will not be paid; • You deposit checks totaling more than $5,000 on any one day; • You deposit a check that has been returned unpaid; • You have overdrawn your account repeatedly in the last six months; or • 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 eleventh business day after the day of your deposit. If you are a new member, the following special rules will apply during the first 30 days your account is open. The first $5,000 from a deposit of U.S. Treasury checks will be available on the first business day after the day of your depos...
Funds Availability. For purposes of funds availability, Mobile Deposits are made in Frankfort, Michigan. Mobile Deposits confirmed as received before 4:30 p.m. EST time on a business day will be credited to your account the same day. ▇▇▇▇▇▇▇▇ confirmed received after 4:30 p.m. EST time and deposits confirmed received on holidays or days that are not our business days will be credited to your account on the following business day. Funds will be available as described in our Regulation CC Funds Availability Disclosure.
Funds Availability. The Bank agrees: to make Fed Funds available to the applicable Portfolio at 10:00AM ET on the second business day after deposit of any check into an Account in the amount of the check (subject to reversal in the event that any such check does not properly clear); to make funds available immediately upon a deposit made by Federal Reserve wire; and to make funds available on the next business day after a deposit by ACH credit.
Funds Availability. It is important that you have sufficient funds in your checking account to cover any scheduled payments on or before the “send on” date. If available, funds from your savings account (Courtesy Pay) and/or Kwik Cash overdraft protection loan may automatically transfer to allow scheduled bill payments to be processed.
Funds Availability refers to your ability to use the funds that you deposit into your account through the MCDS. This funds availability policy only applies to deposits made using the MCDS. You agree that items transmitted using the MCDS are not subject to the funds availability requirements of Federal Reserve Board Regulation CC. Deposits made at a branch location or ATM remain subject to the funds availability policy outlined in your deposit account agreement.