Common use of Hold on Funds Clause in Contracts

Hold on Funds. You have the right to hold any cheque, instrument or other item deposited to an account, and to defer any withdrawal of funds represented by such a deposit, until you receive payment of the cheque, instrument or other item. You also have the right to refuse to accept a deposit to an Account and to seek explanation from me respecting any deposit. My account is subject to full holds as per Alterna Bank Hold Funds Policy. I can obtain a copy of this policy at any Alterna Bank branch or online at xxx.xxxxxxxxxxx.xx.

Hold on Funds. You have the right to hold any cheque, instrument or other item deposited to an accountAccount, and to defer any withdrawal of funds represented by such a deposit, until you receive payment of the cheque, instrument or other item. You also have the right to refuse to accept a deposit to an Account and to seek explanation from me respecting any deposit. My account is subject to full holds as per Alterna Bank Hold Funds Policy. I can obtain a copy of this policy at any the Alterna Bank branch or online at xxx.xxxxxxxxxxx.xxSavings Hold Funds Policy.