Our Rights on Your Deposit. When we agree to take your deposits we are providing you a ser- vice by saving you the time and expense of having to go to the paying institution to receive your funds. In providing this service, we will credit the amount of the deposit to the account you have with us. However, depending on the type of deposit, we may hold some or all of the funds from the deposit. We may also refuse or return a deposit if we believe it is necessary to prevent you and us from incurring a loss. If we elect to hold the funds from your deposit the time period for the hold will depend on 1) the type of deposit (cash, check, wire, etc.), 2) the amount, 3) the account it goes into,
Appears in 7 contracts
Samples: Member Service Agreement, Member Service Agreement, Business Service Agreement
