Common use of Holding of Funds Clause in Contracts

Holding of Funds. There may be a period of 30 days (your branch may decide on a different length of time) after the first transaction on your new account where each non-cash deposit (excluding direct deposits) to your account will be subject to a hold. During this period, we will place a hold on cheques as set out below and place a hold on all other non-cash deposits for a maximum of 7 business days. The following applies to all accounts (including new accounts as described above): • When you deposit a fully encoded Canadian dollar or US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 7 business days, before you are able to withdraw the funds. • When you deposit an unencoded or partially encoded Canadian dollar and US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 15 calendar days, before you are able to access the funds. • When you deposit a cheque drawn on a financial institution’s branch located outside of Canada, or a fully encoded cheque in a currency other than Canadian dollars or US dollars drawn on a financial institution’s branch located in Canada we may apply a “hold” for a maximum of 30 calendar days, before you are able to access the funds. • A hold provides no guarantee that a cheque or other non-cash deposit will not be returned unpaid after the hold period has expired. If a cheque or other non-cash deposit is returned to us unpaid for any reason at any time, either during or after the expiry of the applicable hold period, we have the right to charge the amount of the cheque or non-cash deposit to your account.

Holding of Funds. There may be a period of 30 days (your branch may decide on a different length of time) after the first transaction on your new account where each non-cash deposit (excluding direct deposits) to your account will be subject to a hold. During this period, we will place a hold on cheques as set out below and place a hold on all other non-cash deposits for a maximum of 7 business days. The following applies to all accounts (including new accounts as described above): • When you deposit a fully encoded Canadian dollar or US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 7 business days, before you are able to withdraw access the funds. • When you deposit an unencoded or partially encoded Canadian dollar and or US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 15 calendar days, before you are able to access the funds. • When you deposit a cheque drawn on a financial institution’s branch located outside of Canada, or a fully encoded cheque in a currency other than Canadian dollars or US dollars drawn on a financial institution’s branch located in Canada we may apply a “hold” for a maximum of 30 calendar days, before you are able to access the funds. • A hold provides no guarantee that a cheque or other non-cash deposit will not be returned unpaid after the hold period has expired. If a cheque or other non-cash deposit is returned to us unpaid for any reason at any time, either during or after the expiry of the applicable hold period, we have the right to charge the amount of the cheque or non-cash deposit to your account.

Holding of Funds. There We may be a period of 30 days (your branch may decide on a different length of time) after the first transaction on your new account where each non-cash hold funds you deposit (excluding direct deposits) to your account will be subject to a hold. During this periodby cheque, we will place a hold on cheques as set out below and place a hold on all or other non-cash deposits, including money orders, drafts, EFT's and wires, for the time periods set out below prior to making them available to you for withdrawal. For deposits of encoded Canadian dollar cheques, money orders and drafts for amounts $1,500 or less, we may apply a maximum hold for up to five business days after the day of 7 the deposit. Despite the above hold periods, during the first 90 calendar days after you open your Account we may apply a hold for up to seven business daysdays after the day of the deposit. The following applies For deposits of encoded Canadian dollar cheques, money orders and drafts for amounts greater than $1,500 we may hold for up to all accounts (including new accounts as described above): • eight business days after the day of the deposit. When you deposit a fully an un-encoded or partially encoded Canadian dollar or US dollar cheque drawn on a financial institution’s 's branch located in Canada, we may apply a “hold” for a maximum of 7 business days, before you are able to withdraw the funds. • When you deposit an unencoded or partially encoded Canadian dollar and US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” hold for a maximum of 15 calendar business days, before you are able to access the funds. • When you deposit a cheque drawn on a financial institution’s 's branch located outside of Canada, or a fully encoded cheque in a currency other than Canadian dollars or US dollars drawn on a financial institution’s branch located in Canada Canada, we may apply a “hold” hold for a maximum of 30 calendar business days, before you are able to access the funds. • We may change the above hold periods or dollar amounts or other holding metrics in our sole discretion at any time and from time to time, including, without limitation, due to ongoing monitoring of transaction activity on an Account or changes in the Bank’s policies and procedures from time to time. DCBank is obligated under the PCMLTFA to report any perceived suspicious transactions to FINTRAC. We therefore may place a hold on any funds or any Account that we consider, in our sole discretion, to be the result of or connected to a suspicious transaction or suspected suspicious transaction. A hold provides no guarantee that a cheque or other non-cash deposit will not be returned unpaid after the hold period has expired. If a cheque or other non-cash deposit is returned to us unpaid for any reason at any time, either during or after the expiry of the applicable hold period, we have the right to charge the amount of the such cheque or non-cash deposit to your accountAccount.

Holding of Funds.  There may be a period of 30 days (your branch may decide on a different length of time) after the first transaction on your new account where each non-cash deposit (excluding direct deposits) to your account will be subject to a hold. During this period, we will place a hold on cheques as set out below and place a hold on all other non-cash deposits for a maximum of 7 business days. The following applies to all accounts (including new accounts as described above): •  When you deposit a fully encoded Canadian dollar or US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 7 business days, before you are able to withdraw the funds. •  When you deposit an unencoded or partially encoded Canadian dollar and US dollar cheque drawn on a financial institution’s branch located in Canada, we may apply a “hold” for a maximum of 15 calendar days, before you are able to access the funds. •  When you deposit a cheque drawn on a financial institution’s branch located outside of Canada, or a fully encoded cheque in a currency other than Canadian dollars or US dollars drawn on a financial institution’s branch located in Canada we may apply a “hold” for a maximum of 30 calendar days, before you are able to access the funds. •  A hold provides no guarantee that a cheque or other non-cash deposit will not be returned unpaid after the hold period has expired. If a cheque or other non-cash deposit is returned to us unpaid for any reason at any time, either during or after the expiry of the applicable hold period, we have the right to charge the amount of the cheque or non-cash deposit to your account.