Funds Availability. When you transfer funds from an Authorized External account to your Deposit Account, the funds will not be available for your use or withdrawal until 4 Business Days after the transfer is deposited into your Deposit Account, even if such transfer is reflected in your current balance.
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. 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.
Examples of Funds Availability in a sentence
However, we will not be liable for direct or consequential damages in the following events: - If, through no fault of ours, there is not enough money in your accounts to complete the transaction, if any funds in your accounts necessary to complete the transaction are held as uncollected funds pursuant to our Funds Availability Policy Disclosure, or if the transaction involves a loan request exceeding your credit limit.
Subject to Our Funds Availability Policy, You may not be able to withdraw funds from Your Account until We have received final settlement for any items deposited.
See Our Funds Availability Policy Disclosure for Our policy regarding the availability of Your deposits.
The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure.
The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement.
More Definitions of Funds Availability
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. The funds for the Checks that you deposit through the MCDS 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 shall not be deemed to have received a Check deposit through the MCDS until we notify you via onscreen messaging and/or e-mail that we received the Check deposit. The deposit cut-off time for the MCDS is 7:00 PM Central Time (CT) on a business day as defined in Section 7. 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 MCDS 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. Your deposit made using the MCDS will generally be available on the first Business Day after the day of deposit. 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 second Business Day after the day of your deposit. You agree that it is your responsibility to understand and build ...
Funds Availability. Items transmitted using Remote Deposit are not subject to the funds availability requirements of Federal Reserve Board Regulation CC, and therefore longer hold delays may apply to these deposited items. Remote Deposit checks submitted before 4:00 p.m. (PST) on a business day will be reviewed and processed the same day, otherwise Remote Deposit checks will be reviewed and processed the next business day. A business day is any day except Saturday, Sunday and holidays. Funds that you deposit using Remote Deposit may not be immediately available to you. Acknowledgment that your Check Image deposit has been received by us does not mean that the Check Image deposit was received error free. Availability of funds will differ based on the account status and other account requirements or limitations. The following check items are not accepted for deposit through Remote Deposit: • Items that do not contain the described restrictive endorsement. • Items displaying a "non-negotiable" or "void" notation or watermark. • Items containing an alteration on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn. • Items dated more than six (6) months prior to the date of deposit. • Items previously converted to a substitute check or items that are remotely created checks as defined by Federal Reserve Board Regulation CC. • Items issued by or through a financial institution in a foreign country. • Items not payable in United States currency. • Items with incomplete or illegible information. • Items that are money orders, traveler's checks or savings bonds. • Items made payable to a third party (i.e., any person or entity other than you). • Items that are in violation of any federal or state law, rule, or regulation. • Checks or items prohibited by the Credit Union's current procedures relating to Remote Deposit or are otherwise not acceptable under the terms of your Credit Union account. • Items with any endorsement on the back other than what is specified in this Agreement. You agree to follow any and all other procedures and instructions for use of the Remote Deposit service as the Credit Union may establish from time to time.
Funds Availability. When you transfer funds from a Verified Account at an Approved Financial Institution to your eligible Xxxxxxx Bank Online Account, the funds will be available for use the day the funds post to the Xxxxxxx Bank 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. When you transfer funds from a Verified Account at an Approved Financial Institution to your eligible Xxxxxxx Bank Online Account, the funds will be available for use the day the funds post to the Xxxxxxx Bank 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. Transfers from your Xxxxxxx Bank Eligible Account to your Verified Account at an Approved Financial Institution: • For a one-time transfer, we will deduct the funds from your eligible Xxxxxxx Bank Online Account on the “Transfer on” date or within 2 Business Days thereafter. • For a recurring transfer, we will deduct the funds from your eligible Xxxxxxx Bank Online Account on the “start date” or within 2 Business Days thereafter; we will continue to deduct funds from this eligible Xxxxxxx Bank Online Account for subsequent transfers, using the start date as a reference point. • Funds availability: Once funds are transferred from your eligible Xxxxxxx Bank Online Account to Verified Account at an Approved Financial Institution, the availability of such funds will be at the sole discretion of the Approved Financial Institution. There must be adequate funds in your Online Account at the time we attempt the deduction or your request will not be processed.
Funds Availability has the meaning set forth in Section 4.2.
Funds Availability means, at any time, the amount equal to the amount of cash or Cash Equivalents held by the Seller at such time.
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.