Common use of Our Rights Upon Your Deposit Clause in Contracts

Our Rights Upon Your Deposit. You understand that by offering to accept your deposits, we are providing a service to you and that we may accept, provide credit for, hold funds related to the amount of the deposit, refuse, reject or return the deposit as we believe necessary for your and our protection. The availability of funds from your deposit may be held for a pe- riod of time depending on the type of deposit (cash, check, wire, etc.) and circum- stances surrounding the deposit (the amount of the deposit, the source of the funds, etc.) (please see our Funds Availability disclosures in this Agreement for information about our hold policy for share draft accounts that are provided in this Part 2). Alter- natively, we may require that a check, draft or item be deposited into your share account where a hold will be placed on the funds in the share account for an indefi- nite period of time until we can determine if the check, draft or item will be finally paid and not returned or subject to a claim. If we elect to have a check, draft or item de- posited into your share account you understand that we may (though are not re- quired to) provide you with notice of the status of your deposit and when the funds will be available. You also agree that before you deposit a check, draft or item you will inform us of any facts, circumstances and information that you are aware of that may indicate that the check, draft or item may not be paid, may be fraudulent and/or may be issued in connection with illegitimate, unlawful and/or fictitious transaction or enterprise. You understand and agree that your failure to disclose any and all facts, circumstances or information about the check, draft or item to our employee (or affil- iated person or organization) prior to the deposit makes you completely financially responsible for the check, draft or item if it is dishonored, returned or a claim is made. Following your deposit and before processing the check, draft or item for col- lection and payment, should we believe that the deposited check, draft or item may be dishonored, returned or subject to a claim, you understand that we may return the deposited check, draft or item to you so that you can obtain or recover payment elsewhere. Alternatively, if you request us to take a check, draft or item for deposit and we believe that the check, draft or item is subject to fraud, for your and our pro- tection you agree that we may retain the check, draft or item to determine if the check, draft or item is fraudulent, and if so the identity of the perpetrator of the fraud. Further, you agree that such retention protects you and us from incurring a loss on the check, draft or item and that such retention does not convert the check, draft or item. Finally, if we believe that a check offered for deposit is subject to fraud and we elect to return the check to you, you agree that for your and our protection we may note on the check the type of fraud before returning the check to you.

Our Rights Upon Your Deposit. You understand that by offering to accept your deposits, we are providing a service to you and that we may accept, provide credit for, hold funds related to the amount of the deposit, refuse, reject or return the deposit as we believe necessary for your and our protection. The availability of funds from your deposit may be held for a pe- riod period of time depending on the type of deposit (cash, check, wire, etc.) and circum- stances surrounding circumstances surround- ing the deposit (the amount of the deposit, the source of the funds, etc.) (please see our Funds Availability disclosures in this Agreement for information about our hold policy for share draft checking accounts that are provided in this Part 2). Alter- nativelyAlternatively, we may require that a check, draft or item be deposited into your share savings account where a hold will be placed on the funds in the share savings account for an indefi- nite indefinite period of time until we can determine deter- mine if the check, draft or item will be finally paid and not returned or subject to a claim. If we elect to have a check, draft or item de- posited deposited into your share savings account you understand un- derstand that we may (though are not re- quired required to) provide you with notice of the status of your deposit and when the funds will be available. You also agree that before you deposit a check, draft or item you will inform us of any facts, circumstances and information infor- mation that you are aware of that may indicate that the check, draft or item may not be paid, may be fraudulent and/or may be issued in connection with illegitimate, unlawful and/or fictitious transaction or enterprise. You understand and agree that your failure to disclose any and all facts, circumstances or information about the check, draft or item to our employee (or affil- iated affiliated person or organization) prior to the deposit makes you completely com- pletely financially responsible for the check, draft or item if it is dishonored, returned or a claim is made. Following your deposit and before processing the check, draft or item for col- lection collection and payment, should we believe that the deposited check, draft or item may be dishonored, returned or subject to a claim, you understand that we may return the deposited check, draft or item to you so that you can obtain or recover payment elsewhere. Alternatively, if you request us to take a check, draft or item for deposit and we believe that the check, draft or item is subject to fraud, for your and our pro- tection protection you agree that we may retain the check, draft or item to determine if the check, draft or item is fraudulent, and if so the identity of the perpetrator of the fraud. Further, you agree that such retention protects you and us from incurring a loss on the check, draft or item and that such retention does not convert the check, draft or item. Finally, if we believe that a check offered for deposit is subject to fraud and we elect to return the check to you, you agree that for your and our protection we may note on the check the type of fraud before returning the check to you.

Our Rights Upon Your Deposit. You understand that by offering to accept your deposits, we are providing a service to you and that we may accept, provide credit for, hold funds related to the amount of the deposit, refuse, reject or return the deposit as we believe necessary for your and our protection. The availability of funds from your deposit may be held for a pe- riod period of time depending on the type of deposit (cash, check, wire, etc.) and circum- stances circumstances surrounding the deposit (the amount of the deposit, the source of the funds, etc.) (please see our Funds Availability disclosures in this Agreement Contract for information about our hold policy for share draft checking accounts that are provided in this Part 2). Alter- nativelyAlternatively, we may require that a check, draft or item be deposited into your share savings account where a hold will be placed on the funds in the share savings account for an indefi- nite indefinite period of time until we can determine if the check, draft or item will be finally paid and not returned or subject to a claim. If we elect to have a check, draft or item de- posited deposited into your share savings account you understand that we may (though are not re- quired required to) provide you with notice of the status of your deposit and when the funds will be available. You also agree that before you deposit a check, draft or item you will inform us of any facts, circumstances and information that you are aware of that may indicate that the check, draft or item may not be paid, may be fraudulent and/or may be issued in connection with illegitimate, unlawful and/or fictitious ficti- tious transaction or enterprise. You understand and agree that your failure to disclose any and all facts, circumstances or information infor- mation about the check, draft or item to our employee (or affil- iated affiliated person or organization) prior to the deposit makes you completely financially responsible for the check, draft or item if it is dishonoredxxxxxx- ored, returned or a claim is made. Following your deposit and before be- fore processing the check, draft or item for col- lection collection and paymentpay- ment, should we believe that the deposited check, draft or item may be dishonored, returned or subject to a claim, you understand under- stand that we may return the deposited check, draft or item to you so that you can obtain or recover payment elsewhere. AlternativelyAlternative- ly, if you request us to take a check, draft or item for deposit and we believe that the check, draft or item is subject to fraud, for your and our pro- tection protection you agree that we may retain the check, draft or item to determine if the check, draft or item is fraudulent, and if so the identity of the perpetrator of the fraud. Further, you agree that such retention protects you and us from incurring a loss on the check, draft or item and that such retention does not convert the check, draft or item. Finally, if we believe that a check offered for deposit is subject to fraud and we elect to return the check to you, you agree that for your and our protection we may note on the check the type of fraud before returning the check to you.