Special Rules for New Deposit Accounts Sample Clauses

Special Rules for New Deposit Accounts. If you are a new customer, the following special rules will apply during the first 30 days your deposit account is open. Funds from cash, wire transfers, and electronic direct deposits to your deposit account will be available on the day we receive the deposit. Funds from the first $5,525 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state and local govern- ment checks will be available on 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 all other check deposits will be available on the fifth Business Day after the day of your deposit.
Sample 1
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Related to Special Rules for New Deposit Accounts

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