Common use of Holds on Other Funds (Other Accounts Clause in Contracts

Holds on Other Funds (Other Accounts. If we accept for deposit an Item that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but restrict your ability to withdraw a corresponding amount of funds that you have on deposit in another Account with us for the same amount of time that would apply to the original Item. Mobile Deposit Funds. Checks deposited through mobile deposit are subject to verification before funds will be made available. Once the deposit has been received, you’ll be able to view the pending transaction online or on your Mobile Device. While there may be exceptions, such as the ones set forth above, mobile deposit of checks received by the Cut Off time on a Business Day will usually Post and become part of your Available Balance in your Account on the same or the next Business Day. If we delay the availability of deposited funds, we will notify you through Digital Banking via a secure message.

Appears in 3 contracts

Samples: www.academybank.com, Deposit Account Agreement, Deposit Account Agreement

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Holds on Other Funds (Other Accounts. If we accept for deposit an Item that is drawn on another financial institution, we may make funds from the deposit available for withdrawal immediately but restrict your ability to withdraw a corresponding amount of funds that you have on deposit in another Account with us for the same amount of time that would apply be applicable to the original Item. Mobile Deposit Funds. Checks deposited through mobile deposit are subject to verification before funds will be made available. Once the deposit has been received, you’ll be able to view the pending transaction online or on your Mobile Device. While there may be exceptions, exceptions such as the ones set forth above, mobile deposit of checks received by the Cut Off time on a Business Day will usually Post and become part of your Available Balance in your Account on the same or the next Business Day. If we delay the availability of deposited fundsavailability, we will notify you through Digital Banking via a secure message.

Appears in 2 contracts

Samples: www.afbank.com, Deposit Account Agreement

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