Common use of Hold Policy Clause in Contracts

Hold Policy. You acknowledge that we have the right to hold the proceeds of any cheque, instrument or other item deposited to an Account, and to defer your right to withdraw funds represented by such a deposit. If we decide to hold the proceeds of a deposit, those funds will be released to you within a number of business days set in accordance with the hold policies as indicated within the country of account. For these purposes, the term “business day” refers to regular weekdays only and excludes Saturdays, Sundays, bank holidays and statutory holidays (not excluding holidays in other countries that may impact inter-bank settlement). If the item deposited is returned for any reason after the hold period expires, we will charge the amount of the item to your Account.

Hold Policy. You acknowledge that we have the right to hold the proceeds of any cheque, instrument or other item deposited to an Account, and to defer your right to withdraw funds represented by such a deposit. If we decide to hold the proceeds of a deposit, those funds will be released to you within a number of business days set in accordance with the hold policies as indicated within the country of accountAccount. For these purposes, the term “business day” refers to regular weekdays only and excludes Saturdays, Sundays, bank holidays and statutory holidays (not excluding holidays in other countries that may impact inter-inter- bank settlement). If the item deposited is returned for any reason after the hold period expires, we will charge the amount of the item to your Account.

Hold Policy. You acknowledge that we have the right to hold the proceeds of any cheque, instrument or other item deposited to an Account, and to defer your right to withdraw funds represented by such a deposit. If we decide to hold the proceeds of a deposit, those funds will be released to you within a number of business days set in accordance with the hold policies as indicated within the country of account. For these purposes, the term “business day” refers to regular weekdays only and excludes Saturdays, Sundays, bank Bank holidays and statutory holidays (not excluding holidays in other countries that may impact inter-bank settlement). If the item deposited is returned for any reason after the hold period expires, we will charge the amount of the item to your Account.