Common use of Processing Time and Availability of Funds Clause in Contracts

Processing Time and Availability of Funds. If we receive the image of an Item for deposit on or before 7:00 p.m. Central Time (CT) on a Business Day (as defined in the Service Agreement), we will consider that day the day of deposit. If we receive the image of an Item for deposit after 7:00 p.m. CT or on a weekend or on a non-Business Day, we will consider the next Business Day as the day of deposit. For Items deposited into checking accounts, the first $500 of the deposit will be available 1 Business Day after the day of deposit. Any amount in excess of $500 will be available 2 Business Days after the day of deposit. For Items deposited into savings or money market accounts, all funds will be available 2 Business Days after the day of deposit.

Appears in 5 contracts

Samples: User Agreement, User Agreement, User Agreement

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Processing Time and Availability of Funds. If we receive the image of an Item for deposit on or before 7:00 p.m. Central Time (CT) on a Business Day (as defined in the Service Agreement), we will consider that day the day of deposit. If we receive the image of an Item for deposit after 7:00 p.m. CT or on a weekend or on a non-non- Business Day, we will consider the next Business Day as the day of deposit. For Items deposited into checking accounts, the first $500 200 of the deposit will be available 1 Business Day after the day of deposit. Any amount in excess of $500 200 will be available 2 Business Days after the day of deposit. For Items deposited into savings or money market accounts, all funds will be available 2 Business Days after the day of deposit.

Appears in 2 contracts

Samples: User Agreement, User Agreement

Processing Time and Availability of Funds. If we receive the image of an Item for deposit on or before 7:00 p.m. Central Time (CT) on a Business Day (as defined in the Service Agreement)Day, we will consider that day the day of deposit. If we receive the image of an Item for deposit after 7:00 p.m. CT or on a weekend or on a non-Business Day, we will consider the next Business Day as the day of deposit. For Items deposited into checking accountsAccounts, the first $500 of the deposit will be available 1 one (1) Business Day after the day of deposit. Any amount in excess of $500 will be available 2 two (2) Business Days after the day of deposit. For Items deposited into savings or money market accountsAccounts, all funds will be available 2 two (2) Business Days after the day of deposit.

Appears in 1 contract

Samples: Banking Agreement

Processing Time and Availability of Funds. If we receive the image of an Item for deposit on or before 7:00 p.m. Central Time (CT) on a Business Day (as defined in the Service Agreement), we will consider that day the day of deposit. If we receive the image of an Item for deposit after 7:00 p.m. CT or on a weekend or on a non-Business Day, we will consider the next Business Day as the day of deposit. For Items deposited into checking accounts, the first $500 200 of the deposit will be available 1 Business Day after the day of deposit. Any amount in excess of $500 200 will be available 2 Business Days after the day of deposit. For Items deposited into savings or money market accounts, all funds will be available 2 Business Days after the day of deposit.

Appears in 1 contract

Samples: www.bmoharris.com

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Processing Time and Availability of Funds. If we receive the image of an Item for deposit on or before 7:00 p.m. Central Time (CT) on a Business Day (as defined in the Service Agreement), we will consider that day the day of deposit. If we receive the image of an Item for deposit after 7:00 p.m. CT or on a weekend or on a non-Business nonBusiness Day, we will consider the next Business Day as the day of deposit. For Items deposited into checking accounts, the first $500 200 of the deposit will be available 1 Business Day after the day of deposit. Any amount in excess of $500 200 will be available 2 Business Days after the day of deposit. For Items deposited into savings or money market accounts, all funds will be available 2 Business Days after the day of deposit.

Appears in 1 contract

Samples: User Agreement

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