Common use of Mobile Deposit Processing Cutoff Times and Funds Availability Clause in Contracts

Mobile Deposit Processing Cutoff Times and Funds Availability. a. Cutoff Times and Funds Availability For the purposes of funds availability, Mobile Deposits are made at East West Bank’s Corporate Headquarters in Pasadena, California. Deposit Day Cutoff Time Funds Generally Available Business Day BEFORE the Cutoff Time 9:00 PM Pacific Time By the 2nd Business Day after the day of deposit Business Day AFTER the Cutoff Time 9:00 PM Pacific Time By the 3rd Business Day after the day of deposit Non-Business Day 1 Any time By the 3rd Business Day after the day of deposit 1

Mobile Deposit Processing Cutoff Times and Funds Availability. a. Cutoff Times and Funds Availability For the purposes of funds availability, Mobile Deposits are made at East West Bank’s Corporate Headquarters in Pasadena, California. Deposit Day Cutoff Time Funds Generally Available Business Day BEFORE the Cutoff Time 9:00 PM Pacific Standard Time By the 2nd Business Day after the day of deposit Business Day AFTER the Cutoff Time 9:00 PM Pacific Standard Time By the 3rd Business Day after the day of deposit Non-Business Day 1 Any time By the 3rd Business Day after the day of deposit 1