Common use of General Funds Availability Clause in Contracts

General Funds Availability. We make funds available according to the type of deposit and when the funds are applied or credited to your Deposit Account. Some types of deposits may not be available for immediate use. When we delay the availability of funds or place a hold on a deposit made to your Deposit Account, you may not withdraw those funds, and we will not use them to pay any debits, such as ACH transfers or payments, check payments or, if available, transactions using your Card during the hold period. We have the right to refuse any deposit. If final payment is not received on any item you have deposited into your Deposit Account, or if any ACH transfer is returned to us for any reason, you will pay us the amount of the returned item. The length of the delay in the availability of funds will vary depending on the type of deposit. The length of the delay in the availability of funds is counted in business days from the day your deposit is applied to your Deposit Account. For purposes of these disclosures, our business days are Monday through Friday. Federal holidays are not included. Deposits received after the cut-off times provided in your Mercury Account or on a day Banking Provider is not open will be processed the following business day that Banking Provider is open. Funds received from preauthorized electronic payments will be available on the day the deposit is applied to your Deposit Account. ACH Credits received from an external bank account will be applied to the Deposit Account when we have verified the external account and received payment on collected funds. Once the funds are applied to the Deposit Account, they will have same day availability. Electronic transfer deposits into the Deposit Account initiated through the Site or the Mobile App may take up to five (5) business days from the date of the initial request but will post on the payment date of the deposit once the money has reached us. In some circumstances, a longer hold period may apply before funds deposited by check are available in your Deposit Account. For example, a longer delay may apply in the following cases: (i) we believe a deposited check will not be paid; (ii) you deposit one or more checks totaling $5,000 or more in one day; (iii) you redeposit a check that has been previously returned unpaid; (iv) your Deposit Account had a negative balance anytime in the previous six (6) months; or (v) we experience an emergency, such as a failure of communication or computer delays. We will notify you if we delay your availability to withdraw funds and we will tell you when the funds will be available for withdrawal no later than the seventh business day after the day of your deposit. Checks deposited through the RDC service are not subject to the funds availability requirements of Regulation CC. Checks deposited using the RDC service will generally be made available in your Deposit Account no later than six (6) business days after the day you made the deposit. In some cases, we may not make the funds available if we have reasonable cause to doubt collectability of the check, or for any other reason. The length of the delay will be counted in business days from the day of your deposit. If your deposit is declined, we will notify you by the first business day after the day we receive your deposit. We reserve the right to change the limits on the amount(s) or number of deposits that you transmit using RDC and may modify these limits from time to time.

General Funds Availability. We make funds available according to the type of deposit and when the funds are applied or credited to your Deposit Account. Some types of deposits may not be available for immediate use. When we delay the availability of funds or place a hold on a deposit made to your Deposit Account, you may not withdraw those funds, and we will not use them to pay any debits, such as ACH transfers or payments, check payments or, if available, transactions using your Card during the hold period. We have the right to refuse any deposit. If final payment is not received on any item you have deposited into your Deposit Account, or if any ACH transfer is returned to us for any reason, you will pay us the amount of the returned item. The length of the delay in the availability of funds will vary depending on the type of deposit. The length of the delay in the availability of funds is counted in business days from the day your deposit is applied to your Deposit Account. For purposes of these disclosures, our business days are Monday through Friday. Federal holidays are not included. Deposits received after the cut-off times provided in your Mercury Account or on a day Banking Provider is not open will be processed the following business day that Banking Provider is open. Funds received from preauthorized electronic payments will be available on the day the deposit is applied to your Deposit Account. ACH Credits received from an external bank account will be applied to made available for withdrawal from the Deposit Account when we have verified not later than the external account and business day after the banking day on which Banking Provider received payment on collected funds. Once the funds are applied to the Deposit Account, they will have same day availabilityelectronic payment. Electronic debit transfer deposits into the Deposit Account initiated through the Site or the Mobile App may take up to five (5) business days from the date of the initial request but will post on the payment date of the deposit once the money has reached us. In some circumstances, a longer hold period may apply before funds deposited by check are available in your Deposit Account. For example, a longer delay may apply in the following cases: (i) we reasonably believe a deposited check will not be paid; (ii) you deposit one or more checks totaling $5,000 5,525 or more in one banking day; (iii) you redeposit a check that has been previously returned unpaid; (iv) your Deposit Account had a negative balance anytime in on six or more banking days within the previous six (6) months; or (v) we experience an emergency, such as a failure of communication or computer delays. We will notify you if we delay your availability to withdraw funds and we will tell you when the funds will be available for withdrawal no later than the seventh business day after the day of your depositwithdrawal. Checks deposited through the RDC service are not subject to the funds availability requirements of Regulation CC. Checks deposited using the RDC service will generally be made available in your Deposit Account no later than six (6) business days after the day you made the deposit. In some cases, we may not make the funds available if we have reasonable cause to doubt collectability of the check, or for any other reason. The length of the delay will be counted in business days from the day of your deposit. If your deposit is declined, we will notify you by the first business day after the day we receive your deposit. We reserve the right to change the limits on the amount(s) or number of deposits that you transmit using RDC and may modify these limits from time to time.

General Funds Availability. We make funds available according to the type of deposit and when the funds are applied or credited to your Deposit Savings Account. Some types of deposits may not be available for immediate use. When we delay the availability of funds or place a hold on a deposit made to your Deposit Savings Account, you may not withdraw those funds, and we will not use them to pay any debits, such as ACH transfers or payments, check payments or, if available, transactions using your Card during the hold period. We have the right to refuse any deposit. If final payment is not received on any item you have deposited into your Deposit Savings Account, or if any ACH transfer is returned to us for any reason, you will pay us the amount of the returned item. The length of the delay in the availability of funds will vary depending on the type of deposit. The length of the delay in the availability of funds is counted in business days from the day your deposit is applied to your Deposit Savings Account. For purposes of these disclosures, our business days are Monday through Friday. Federal holidays are not included. Deposits received after the cut-off times provided in your Mercury Account or on a day Banking Provider is not open will be processed the following business day that Banking Provider is open. Funds received from preauthorized electronic payments will be available on the day the deposit is applied to your Deposit Savings Account. ACH Credits received from an external bank account will be applied to the Deposit Savings Account when we have verified the external account and received payment on collected funds. Once the funds are applied to the Deposit Savings Account, they will have same day availability. Electronic transfer deposits into the Deposit Savings Account initiated through the Site or the Mobile App may take up to five (5) business days from the date of the initial request but will post on the payment date of the deposit once the money has reached us. In some circumstances, a longer hold period may apply before funds deposited by check are available in your Deposit Savings Account. For example, a longer delay may apply in the following cases: (i) we believe a deposited check will not be paid; (ii) you deposit one or more checks totaling $5,000 or more in one day; (iii) you redeposit a check that has been previously returned unpaid; (iv) your Deposit Savings Account had a negative balance anytime in the previous six (6) months; or (v) we experience an emergency, such as a failure of communication or computer delays. We will notify you if we delay your availability to withdraw funds and we will tell you when the funds will be available for withdrawal no later than the seventh business day after the day of your deposit. Checks deposited through the RDC service are not subject to the funds availability requirements of Regulation CC. Checks deposited using the RDC service will generally be made available in your Deposit Savings Account no later than six (6) business days after the day you made the deposit. In some cases, we may not make the funds available if we have reasonable cause to doubt collectability of the check, or for any other reason. The length of the delay will be counted in business days from the day of your deposit. If your deposit is declined, we will notify you by the first business day after the day we receive your deposit. We reserve the right to change the limits on the amount(s) or number of deposits that you transmit using RDC and may modify these limits from time to time.

General Funds Availability. We make funds available according to the type of deposit and when the funds are applied or credited to your Deposit Savings Account. Some types of deposits may not be available for immediate use. When we delay the availability of funds or place a hold on a deposit made to your Deposit Savings Account, you may not withdraw those funds, and we will not use them to pay any debits, such as ACH transfers or payments, payments or check payments or, if available, transactions using your Card during the hold period. We have the right to refuse any deposit. If final payment is not received on any item you have deposited into your Deposit Savings Account, or if any ACH transfer is returned to us for any reason, you will pay us the amount of the returned item. The length of the delay in the availability of funds will vary depending on the type of deposit. The length of the delay in the availability of funds is counted in business days from the day your deposit is applied to your Deposit Savings Account. For purposes of these disclosures, our business days are Monday through Friday. Federal holidays are not included. Deposits received after the cut-off times provided in your Mercury Account or on a day Banking Provider is not open will be processed the following business day that Banking Provider is open. Funds received from preauthorized electronic payments will be available on the day the deposit is applied to your Deposit Savings Account. ACH Credits received from an external bank account will be applied to made available for withdrawal from the Deposit Savings Account when we have verified not later than the external account and business day after the banking day on which Banking Provider received payment on collected funds. Once the funds are applied to the Deposit Account, they will have same day availabilityelectronic payment. Electronic debit transfer deposits into the Deposit Savings Account initiated through the Site or the Mobile App may take up to five (5) business days from the date of the initial request but will post on the payment date of the deposit once the money has reached us. In some circumstances, a longer hold period may apply before funds deposited by check are available in your Deposit Savings Account. For example, a longer delay may apply in the following cases: (i) we reasonably believe a deposited check will not be paid; (ii) you deposit one or more checks totaling $5,000 5,525 or more in one banking day; (iii) you redeposit a check that has been previously returned unpaid; (iv) your Deposit Savings Account had a negative balance anytime in on six or more banking days within the previous six (6) months; or (v) we experience an emergency, such as a failure of communication or computer delays. We will notify you if we delay your availability to withdraw funds and we will tell you when the funds will be available for withdrawal no later than the seventh business day after the day of your depositwithdrawal. Checks deposited through the RDC service are not subject to the funds availability requirements of Regulation CC. Checks deposited using the RDC service will generally be made available in your Deposit Savings Account no later than six (6) business days after the day you made the deposit. In some cases, we may not make the funds available if we have reasonable cause to doubt collectability of the check, or for any other reason. The length of the delay will be counted in business days from the day of your deposit. If your deposit is declined, we will notify you by the first business day after the day we receive your deposit. We reserve the right to change the limits on the amount(s) or number of deposits that you transmit using RDC and may modify these limits from time to time.