Common use of Day of Deposit Clause in Contracts

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

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 Business Day Day of Deposit After 6:00 p.m. ET on business day Business Day or on non-business day Business Day Next business day Business Day Mobile Check Deposit Before 4:00 p.m. ET on business day Business Day Day of Deposit After 4:00 pm. ET on business day Business Day or on non-business day Business Day Next business dayBusiness Day