Common use of Determining the Availability of a Deposit Clause in Contracts

Determining the Availability of a Deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However the first $225 of your deposits will be available on the first business day after the day of deposit. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, 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.

Determining the Availability of a Deposit. For determining The day funds become available is determined by counting business days from the availability day of your deposits, every deposit. Every day is a business day, except Saturdays, Sundays, Sundays and federal Federal holidays. If you make a deposit in person before closing 6:00 p.m. in our branch or at our ATM, on a business day that we are open, we will consider that day to be the day of your depositdeposit for purposes of calculating when your funds will become available. However, if you make a deposit after closing 6:00 p.m. in our branch or at our ATM, or on a day that we are not open, we will consider that the deposit was made on the next business day we are open. Immediate Availability: The following types of deposits will usually be available for immediate withdrawal: Longer Delays May Apply: In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds the first $225 of your deposit may not be available until on the first business day after we receive your deposit. The remaining funds will be available on the second business day after the day of your deposit. However the first $225 of your deposits will be available on the first business day after the day of deposit. If we are not going to make all of the funds from your deposit available on the first business dayday after we receive your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, 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.: