Common use of Provisional Credit for Deposits Clause in Contracts

Provisional Credit for Deposits. Upon acceptance of the Checks, the Designated Account will be granted provisional credit for the total amount of the processed Checks on the next Business Day. The provisional credit means that the credit is made to the Designated Account subject to final payment of the Checks and will be made available as defined under the terms and conditions of our funds availability policy, the Account Agreement, and applicable law.

Provisional Credit for Deposits. Upon acceptance of the Checks, the Designated designated Account will be granted provisional credit for the total amount of the processed Checks on the next Business Day. The provisional credit means that the credit is made to the Designated designated Account subject to final payment of the Checks and will be made available as defined under the terms and conditions of our funds availability policyFunds Availability Policy, the Account Agreement, and applicable law.

Provisional Credit for Deposits. Upon acceptance of the Checks, the Designated designated Account will be granted provisional credit for the total amount of the processed Checks on the next Business Day. The provisional credit means that the credit is made to the Designated designated Account subject to final payment of the Checks and will be made available as defined under the terms and conditions of our funds availability policyFunds Availability Policy, the Account Agreement, and applicable law. The determination as to whether Checks you deposit using the RED Service will be considered to be local or non-local checks shall be based upon our Funds Availability Policy applicable to your Account.

Provisional Credit for Deposits. Upon acceptance of the Checks, the Designated Account will be granted provisional credit for the total amount of the processed Checks on the next Business Day. The provisional credit means that the credit is made to the Designated Account subject to final payment of the Checks and will be made available as defined under the terms and conditions of our funds availability policy, the Account Agreement, and applicable law. The determination as to whether Checks you deposit using the CID Service will be considered to be local or non-local checks shall be based upon our funds availability policy applicable to your Designated Account.