Common use of Same-Day Availability Clause in Contracts

Same-Day Availability. Funds from wire transfers, preauthorized electronic payments received through ACH network such as payroll direct deposits, or other preauthorized electronic payments will be available on the day the deposit is applied to the Account. ACH Credits received from an external bank account will be applied to the Account when we have verified the external account and received payment on collected funds. Once the funds are applied to the Account, they will have same day availability.

Same-Day Availability. Funds from wire transfers, preauthorized electronic payments received through the ACH network such as payroll direct deposits, or other preauthorized electronic payments will be available on the day effective date of the deposit is applied to the Account. ACH Credits received from an external bank account will be applied to the Account when we have verified the external account and received payment on collected funds. Once the funds are applied to the Account, they will have same day availabilitydeposit.