Day of Deposit Sample Clauses

Day of Deposit. If we receive a deposit before 3:00 PM MT on a Business Day, we will consider that Business Day to be the day of your deposit. However, if we receive a deposit after 3:00 PM MT or on a non-Business Day, we will consider that the deposit was made on the next Business Day.
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Day of Deposit. If a deposit is made to an account on a business day before the cut-off time established for that deposit channel (as outlined below) then J.P. Morgan will consider that day to be the day of deposit. However, if a deposit is made after the cut-off time or on a day that is not a business day, then J.P. Morgan will consider the deposit to have been made no later than the next business day. For determining the availability of deposits, every day is a business day, except Saturdays, Sundays, and federal banking holidays. Availability with respect to any deposit will be determined by how the deposit was received. Please note that J.P. Morgan may be unable to process a deposit in accordance with this availability schedule if required final beneficiary details are not provided, correctly formatted with the deposit. Deposit channels and cut-off times for U.S. Custody clients Wire Transfers: 5:30pm ET NY Time Checks: 12:00pm ET or 12:00pm CT depending upon location to which check is sent. Same Day Availability: Funds from the following deposits will be made available on the day of deposit: ● Wire transfers ● U.S. Dollar denominated checks drawn on accounts held with JPMorgan Chase Bank, N.A. in the U.S. Next Day Availability: Funds from the following deposits will be made available on the first business day after the day of deposit: ● All U.S. Dollar denominated checks that are payable to the Client drawn on banks other than JPMorgan Chase Bank, N.A. in the U.S. This Availability Policy and Schedule may be changed without notice and such updated materials will be made available to you on J.P. Morgan Markets, Market Intelligence and by our newsflash distribution for subscribers. Note: Separate availability policies and schedules are applicable for U.S. dollar accounts held with other lines of business within J.P. Morgan in the U.S, or where clients have subscribed to deposit services outside U.S. Custody. Global Custody Agreement - New York - January 2022
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Day of Deposit. If we receive an ACH deposit before 6:00 PM ET on a business day or a mobile check deposit before 4:00 PM ET on a business day, we will consider that business day to be the day of your deposit. However, if we receive an ACH or mobile check deposit after these cut-off times, or on a non-business day, we will treat the deposit as having been made on the next business day. For purposes of this Funds Availability policy, a “business day” is any day of the week except Saturday, Sunday, and Federal Reserve holidays. Type of Deposit Time of Deposit Posting ACH Deposit Before 6:00 p.m. ET on business day Day of Deposit After 6:00 p.m. ET on business day or on non-business day Next business day Mobile Check Deposit Before 4:00 p.m. ET on business day Day of Deposit After 4:00 pm. ET on business day or on non-business day Next business day
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Day of Deposit. If we receive a deposit before 6:00 PM ET on a Business Day, we will consider that Business Day to be the day of your deposit. However, if we receive a deposit after 6:00 PM ET or on a non-Business Day, we will consider that the deposit was made on the next Business Day.
Sample 1
Day of Deposit. Scanning and submitting Check Image deposits does not constitute receipt of the deposit by Prosperity. You agree that items transmitted using the Mobile Remote Deposit Capture Service are not subject to the funds availability requirements of Regulation CC. Generally, Check Image deposits received by Prosperity prior to 6:00 p.m. Central Time are processed on the Business Day of receipt by Prosperity. Otherwise, we will consider the deposit to be made on the next business day we are open. Any Check Image deposit received after this time or on Saturdays, Sundays, and holidays when we are closed will be processed on our next Business Day. Acknowledgment that your Check Image deposit has been received by Prosperity does not mean that the Check Image deposit was received error free. The date of deposit is not necessarily the date of funds availability. Funds deposited using the Services will generally be made available in two (2) business days from the day of deposit. We may make such funds available sooner, in our sole discretion.
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Day of Deposit. If we receive a deposit before 4:55 pm ET on a Business Day, that Business Day will be the day of your deposit. If we receive a deposit after 4:55 pm ET or on a non-Business Day, the deposit will be considered received on the next Business Day. Availability of ACH Transfer: ● Funds received by ACH Transfer initiated through Fruitful from a linked external account will generally be available 3-5 Business Days after you initiate the ACH Transfer, but may be available earlier. ● Funds received by ACH Transfer initiated from an external account to your account will generally be available on the Business Day we receive the deposit. New Customers—You are generally considered a new customer during the initial thirty calendar days after you make your first deposit in your first account you open with us. You will not generally be considered a New Customer, if you already have an account open with us at the time you open a new account.
Sample 1

Related to Day of Deposit

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Return of Deposit Unless otherwise specified in this Agreement, in the event any condition of this Agreement is not met and the Buyer has fulfilled any required notice obligation in a timely manner regarding the condition having not been met, the Escrow Money shall be returned in accordance with Maine law.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Good Faith Deposit Borrower has paid to Bank a deposit of Twenty Thousand Dollars ($20,000) (the “Good Faith Deposit”) to initiate Bank’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Bank Expenses will be applied to the Facility Fee.

  • Lease Deposit The Lease Deposit referenced above may be returned to Lessee at the end of the Term of this Lease so long as no Event of Default has occurred under the terms of the Lease. ln the case of an Event of Default under the Lease, the Lease Deposit may be applied by Lessor to satisfy any outstanding monetary obligation of Lessee to Lessor under this Lease or under any other agreement between Lessor and Lessee. The Lease Deposit shall be held by Lessor and shall not accrue interest.

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