Common use of Mobile Deposits Clause in Contracts

Mobile Deposits. The first $225 of funds from Mobile Deposits will generally be available on the day after the deposit and the remaining funds available on the second business day after deposit. Additional requirements and holds will apply as set forth above. For purposes of the cut-off period and availability of mobile deposits, the day of deposit is the day the Credit Union receives the check image from you and converts the check data for transmission to the payor bank. You agree that the imaging and transmitting of checks alone does not constitute receipt by Credit Union. Also, acknowledgment of receipt or delivery does not constitute an acknowledgment by Credit Union that funds will be available.

Mobile Deposits. The first $225 200 of funds from Mobile Deposits will generally be available on the day after the deposit and the remaining funds available on the second business day after deposit. Additional requirements and holds will apply as set forth above. For purposes of the cut-off period and availability of mobile deposits, the day of deposit is the day the Credit Union receives the check image from you and converts the check data for transmission to the payor bank. You agree that the imaging and transmitting of checks alone does not constitute receipt by Credit Union. Also, acknowledgment of receipt or delivery does not constitute an acknowledgment by Credit Union that funds will be available.