Common use of Reservation of Right to Hold Clause in Contracts

Reservation of Right to Hold. In some cases, we will not make all the funds that you deposit by check available to you on the first business day after we receive your deposit. Depending on the type of check that you deposit (e.g., a large check without available funds or a third-party check), funds might not be available until the second business day after the day of your deposit. The first $200 of your deposit, however, will be available on the first business day after your deposit is received. If we are not going to make all 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 funds from a deposit right away, you should ask us when the funds will be available. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 2 contracts

Samples: www.columbiacu.org, www.columbiacu.org

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Reservation of Right to Hold. In some cases, we will not make all the funds that you deposit by check available to you on the first business day after we receive your deposit. Depending on the type of check that you deposit (e.g., a large check without available funds or a third-party check), funds might not be available until the second business day after the day of your deposit. The first $200 225 of your deposit, however, will be available on the first business day after your deposit is received. If we are not going to make all 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 funds from a deposit right away, you should ask us when the funds will be available. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 2 contracts

Samples: Action Waiver Agreement, www.columbiacu.org

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first same business day after that we receive your deposit. Depending on the type of check that you deposit (e.g., a e.g. large check checks without available funds or a third-third party check), funds might may not be available until the second business day after the day of your deposit. The However, the first $200 500 of your deposit, however, deposit will be available on the first same business day after that we receive your deposit is receiveddeposit. If we are not going to make all of the funds from your deposit available on the first same 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. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 1 contract

Samples: Membership and Account Agreement

Reservation of Right to Hold. 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 we receive your deposit. Depending on the type of check that you deposit (e.g., a large check without available funds or a third-party check)deposit, funds might may not be available until the second (2nd) or the seventh (7th) business day after the day of your deposit, depending on the amount of the check. The However, the first $200 100 of your deposit, however, deposit will be available on the first (1st) business day after your deposit is receivedday. If we are not going to make all of the funds from your deposit available on the first (1st) 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. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 1 contract

Samples: www.rgvcu.coop

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Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first same business day after that we receive your deposit. Depending on the type of check that you deposit (e.g., a e.g. large check checks without available funds or a third-third party check), funds might may not be available until the second fifth business day after the day of your deposit. The However, the first $200 of your deposit, however, deposit will be available on the first business day after your deposit is receivedthe day of 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. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 1 contract

Samples: www.expresscu.org

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first next business day after we receive your deposit. Depending on the type of check that you deposit (e.g., a large check without available funds or a third-party check)deposit, funds might may not be available until the second business day after the day of your deposit. The However, the first $200 225 of your deposit, however, deposit into your checking or Money Market account will be available on the first business day after the day of your deposit is receiveddeposit. If we are not going to make all of the funds from your deposit available on the first same business day, we will notify you at the time you make your the deposit. We will also tell you when the funds will become available. Checks deposited to a savings account with a hold may not be availableavailable next business day and are subject to extended holds. 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 next business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us verify with the credit union when the funds will be become available. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 1 contract

Samples: Membership and Account Agreement

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