Common use of Direct Deposits; Notice of Electronic Deposits Clause in Contracts

Direct Deposits; Notice of Electronic Deposits. ‌ We encourage you to use direct deposit whenever possible so your money cannot be stolen or lost in the mail. When we receive an electronic deposit for your account, the only notice you will receive is on your next account statement. You may use online banking or call your Account Officer to confirm that we have received an ACH or wire transfer deposit. If the bank that sent an electronic deposit notifies us that it was sent by mistake, or was intended for another customer or account, we may deduct the amount of the deposit from your account without investigating.

Direct Deposits; Notice of Electronic Deposits. ‌ We encourage you to use direct deposit whenever possible so your money cannot be stolen or lost in the mail. When we receive an electronic deposit for your account, the only notice you will receive is on your next account statement. You may use online banking or call your Account Officer to confirm that we have received an ACH or wire transfer deposit. If the bank that sent an electronic deposit notifies us that it was sent by mistake, or was intended for another customer or account, we may deduct the amount of the deposit from your account without investigating.

Direct Deposits; Notice of Electronic Deposits. ‌ We encourage you to youto use direct deposit whenever possible so your money cannot be stolen or stolenor lost in the mail. When we receive an electronic deposit for your account, the only notice you will youwill receive is on your next account statement. You may use online banking or call your Account Officer to confirm that we have received an receivedan ACH or wire transfer deposit. If the bank that sent an electronic deposit notifies us that it was sent by mistake, or was intended for another customer or account, we may deduct the amount of the deposit from your account without investigating.