Special Rules for New Customers. If you are a new customer, the following special rules will apply during the first 30 days your account is open. Funds from cash deposits or electronic direct deposits to your account will be available on the day we receive the deposit. Wire transfers will be available by the first business day after the day we receive the wire. The first $5,525 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s and federal, state, and local government checks will be available the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you and you may have to use a special deposit slip. The excess over $5,525 will be available on the fifth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525 will not be available until the second business day after the day of your deposit. Funds from other check deposits and deposits you make by ACH transfer from another institution for online account opening will be available on the fifth business day after the day of your deposit.
Special Rules for New Customers. If you are a new customer, the following special rules will apply during the first thirty (30) calendar days your account is open: • Funds from wire transfers into your account will be available on the first business day after the day we receive the funds. • Funds from deposits of cash will be available on the first business day after the day we receive the deposit. • The first $5,525 from a deposit of U.S. Treasury checks made payable to you will be available on the first business day after the day of your deposit. The excess over $5,525 will be available on or before the seventh business day after the day of your deposit. • Funds from deposits of the first $5,525 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s and state and local government checks will be available on the first business day after the day of your deposit if the checks are payable to you. The excess over $5,525 will be available on or before the seventh business day after the day of your deposit. If you do not make the deposit in person to one of our employees (for example, if you mail your deposit or you make your deposit through an ATM), the first $5,525 will not be available until the second business day after the day of your deposit. • Funds from the deposit of a check drawn on another financial institution (sometimes called a transit check) may not be available until the 7th business day following the date of the deposit.
Special Rules for New Customers. If your account has been open for less than 30 days and you have had no other transaction accounts with us that have been open for at least 30 days, the following will apply: • U.S. Treasury Checks, Checks drawn on New Jersey State and Local Governments, Federal Reserve Bank Checks, Federal Home Loan Bank Checks, U.S. Postal Service Money Orders, Certified Checks, Cashier’s Checks, Teller’s Checks, and Traveler’s Checks up to $5,525 deposited in one day will be available on the first business day after the day of deposit. • Any of the above items in excess of $5,525 deposited into your account will be available on the ninth business day after the day of deposit. • Checks drawn on OceanFirst Bank will be available on the first business day after the day of deposit. • All other check deposits will be available no later than the sixth business day after the day of deposit. RESTRICTIVE LEGENDS – We are not required to honor any restrictive legends on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are, “must be presented within 90 days,” or “not valid for more than $1,000.00.”
Special Rules for New Customers. If you are a new customer, the following special rules may apply during the first 30 days your account is open: • Funds from electronic direct deposits into your account will be available on the day we receive the deposit. • Funds from deposits of cash, wire transfers, and the first $5,525 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s and federal, state and local government checks will be available on the business day of your deposit if the deposit meets certain conditions. For example, the checks must be made payable to you. The excess over $5,525 will be available on the seventh business day after the day of your deposit. • If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525 will not be available until the second business day after the day of your deposit. • Funds from all other check deposits may be available as late as the seventh business day after the day of your deposit. We welcome further questions that you may have regarding the availability of your deposited funds.
Special Rules for New Customers. If your account has been open for less than 30 days and you have had no other transaction accounts with us that have been open for at least 30 days, the following may apply: • U.S. Treasury Checks, Checks drawn on New Jersey State and Local Governments, Federal Reserve Bank Checks, Federal Home Loan Bank Checks, U.S. Postal Service Money Orders, Certified Checks, Cashier’s Checks, Teller’s Checks and Traveler’s Checks up to $5,000 deposited in one day will be available on the first business day after the day of deposit. • Any of the above items in excess of $5,000 deposited into your account in one day will be available on the ninth business day after the day of deposit. • Checks drawn on OceanFirst Bank will be available on the second business day after the day of deposit. • All other check deposits will be available on the fifth business day after deposit. WITHDRAWALS. Withdrawals may be made by written order (check) or withdrawal slip on forms supplied by the Bank and signed by the persons designated on the Signature Card and Resolution. Withdrawals will first be made from collected funds and we may at any time refuse any withdrawal request against uncollected funds even if our general practice is to the contrary. Additionally, withdrawals may be made by ACH debit, wire transfer, or by transfer between accounts at the Bank, in accordance with procedures established from time to time by the Bank. We reserve the right, at any time, to require not less than seven (7) days’ notice in writing before each withdrawal from the Account. UNDELIVERABLE MAIL. Accounts with a balance of $20.00 or less for which mail has been returned as undeliverable will be closed after three (3) consecutive months of no customer contact and no-account activity. Closing balance will be paid to you upon request. STOP PAYMENTS. We will stop payment on any check written against your account upon receipt of a verbal or written request from any authorized party to the account. Verbal orders, however, must be confirmed in writing using the Bank's stop payment forms no later than 14 days from the original request or it will expire. Stop Payments will be in effect for 6 months, unless renewed in writing. You agree to pay our established service charge for Stop Payments and understand that we may accept the Stop Payment request from any of the authorized signers (as determined by the resolution) on the account whether or not they were the signers on the check.
Special Rules for New Customers. If your account has been open for less than 30 days and you have had no other transaction accounts with us that have been open for at least 30 days, the following will apply: • U.S. Treasury Checks, Checks drawn on New Jersey State and Local Governments, Federal Reserve Bank Checks, Federal Home Loan Bank Checks, U.S. Postal Service Money Orders, Certified Checks, Cashier’s Checks, Teller’s Checks, and Traveler’s Checks up to $5,525 deposited in one day will be available the next business day after the day of deposit. • Any of the above items in excess of $5,525 deposited into your account in one day will be available on the ninth business day after the day of deposit. • Checks drawn on OceanFirst Bank will be available on the second business day after the day of deposit. • For Savings Accounts, all other check deposits will be available on the sixth business day after the day of deposit.
Special Rules for New Customers. You are generally considered a “New Customer” during the first thirty (30) days after you open your first Account. For New Customers depositing all types of checks other than Special Checks, up to $225 will be available the next Business Day after the day of deposit and the remainder will be available on the sixth (6th) Business Day after the day of your deposit, unless an exception applies.
