Deposits by Customer. If deposits are made to the Account through other banking institutions, such deposits shall not be drawn against until recorded in the Bank’s current accounts ledger. With respect to Payment Instruments which are deposited to the Account in this manner, the amount thereof shall not be drawn against until the settlement thereof has been verified by the Bank.
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Samples: Current Account and Payment Services Agreement, Current Account and Payment Services Agreement, Current Account and Payment Services Agreement
Deposits by Customer. (1) If deposits are made to the Account through other banking institutions, such deposits shall not be drawn against until recorded in the Bank’s current accounts ledger. .
(2) With respect to Payment Instruments which are deposited to the Account in this manner, the amount thereof shall not be drawn against until the settlement thereof has been verified by the Bank.
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