Common use of Cash Withdrawal Limitation Clause in Contracts

Cash Withdrawal Limitation. For checks subject to second-day availability, we place certain limitations on withdrawals in cash. In general, $225 of a deposit is available for withdrawal in cash on the first business day after the day of deposit. In addition, a total of $450 of other funds becoming available on the second business day after the day of deposit is available for withdrawal in cash at or after 5:00 p.m. on that day. Any remaining funds will be available for withdrawal in cash on the following business day. LONGER DELAYS MAY APPLY Funds you deposit by check may be delayed for a longer period under the following circumstances: We believe a check you deposit will not be paid. You deposit checks totaling more than $5,525 on any one day. You redeposit a check that has been returned unpaid. You have overdrawn your account repeatedly in the last six months. There is an emergency, such as failure of computer or communications 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 seventh business day after the day of your deposit.

Cash Withdrawal Limitation. For checks subject to second-day availability, we place certain limitations on withdrawals in cash. In general, $225 200 of a deposit is available for withdrawal in cash on the first business day after the day of deposit. In addition, a total of $450 400 of other funds becoming available on the second business day after the day of deposit is available for withdrawal in cash at or after 5:00 p.m. 8:00 A.M. on that day. Any remaining funds will be available for withdrawal in cash on the following business day. LONGER DELAYS MAY APPLY Funds you deposit by check may be delayed for a longer period under the following circumstances: We believe a check you deposit will not be paid. You deposit checks totaling more than $5,525 5,000 on any one day. You redeposit a check that has been returned unpaid. You have overdrawn your account repeatedly in the last six months. There is an emergency, such as failure of computer or communications 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 seventh business day after the day of your deposit.