Funds Availability Schedule Sample Clauses
A Funds Availability Schedule clause defines when deposited funds become accessible for withdrawal or use by the account holder. It typically outlines specific timeframes for different types of deposits, such as checks, electronic transfers, or cash, and may distinguish between business and non-business days. By clearly stating when funds are available, this clause helps prevent misunderstandings and ensures both parties know when deposited money can be used, thereby reducing the risk of overdrafts or disputes over fund access.
Funds Availability Schedule. We generally apply the terms of the Great Southern Bank Funds Availability Schedule to check images received through Mobile Check Deposit as if we had received the original paper check. However, in addition to any exceptions specified in the Great Southern Bank Funds Availability Schedule, we may delay availability of funds from any deposit you make through Mobile Check Deposit at any time at our option, including because of any concern we may have regarding our ability to collect based upon any check image that you present. The cutoff time for submitting a Mobile Check Deposits is 7:00 PM Central Time on Business Days. If your deposit requires additional review, availability may be delayed even if the deposit was made before the cutoff time.
Funds Availability Schedule. Our policy is to delay the availability of funds from certain EFT deposits. During the delay, you may not withdraw the funds from your Account and we will not use the funds to pay debits you have authorized or made from your Account. Funds you deposit in an Account will become available to you in accordance with the timeframes set forth in this Section.
Funds Availability Schedule. All checks are subject to a hold depending on the account history, length of membership, the check itself, credit worthiness and such facts as FORUM deems relevant.