Common use of Your Ability to Withdraw Funds Clause in Contracts

Your Ability to Withdraw Funds. This Funds Availability Disclosure applies to all “transaction” Accounts. Transaction Accounts, in general, are Accounts that permit an unlimited number of payments to third persons and an unlimited number of telephone and preauthorized transfers to other Accounts of yours with us. Checking Accounts are the most common transaction Accounts. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash, and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. Illinois Offices – Cutoff Times Cut-off time for deposits at Illinois offices will vary by location. The cut-off time for deposits is the Lobby Hours closing time (“Closing Time”) of the office where the deposit is made, which is no earlier than 4:00 PM CT Monday through Friday. If you make a deposit at an Illinois office before Closing Time on a Business Day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an Illinois office on a Business Day after the Closing Time, or on a day we are not open, we will consider that the deposit was made on the next Business Day we are open. For a listing of offices locations and hours, please visit our website at xxxxx://xx.xxxx.xxx/en/about-us/locations.html.