Common use of Special Rules for New Customers Clause in Contracts

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 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 5,000 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 5,000.00 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 5,000 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.