Deposit Holds Sample Clauses
Deposit Holds. As more fully explained in the “Funds Availability Policy” in the Disclosures and Schedules, when you deposit funds to your account (including without limitation, electronic direct deposits; deposits by check; Mobile Deposits; deposits of cash; wire transfers; and deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks) some or all of the deposited funds may not be immediately available to you. These restrictions and holds on deposited funds affect (reduce) the availability of funds in your account, including without limitation, to pay for checks drawn on your account, debits and Freedom Debit Card purchases, ACH transactions, ATM withdrawals, fees, and any other withdrawal or payment transactions on your account. If you will need the funds from a deposit right away, you should ask us when the funds will be available.
Deposit Holds. As more fully explained in the “Funds Availability Policy” in the Disclosures and Schedules, when you deposit funds to your Account (including without limitation, electronic direct deposits; deposits by check; Mobile Deposits; deposits of cash; wire transfers; and deposits of cashier’s, certified, teller’s, and federal, state, and local government checks), some or all of the deposited funds may not be immediately available to you and will not be reflected in your Available Balance. For example, when we place a 7 day Large Item Exception hold on a check you deposit to your Checking Account, the amount held is not available for you to spend (and not displayed in your Available Balance) until the 7 day hold expires.
Deposit Holds. All ACH Debits made electronically will be held for five (5) Business Days from the effective date for those funds, which is the day that we credit your Account for that deposit.
Deposit Holds may remove that property from the account. If the dispute, claim U.S. Bancorp Investments reserves the right to place a hold on or concern remains unresolved, you agree that U.S. Bancorp trading or disbursing your deposited funds for a time determined Investments may at our option deposit the property in your account at our discretion. Hold times will vary depending on the type of with a court and ask the court to determine to whom the property deposit (i.e., Check, Wire, ACH). belongs. If we deposit your property with a court or otherwise 1 Customer Agreement (Continued from page 5.)