Common use of Your Ability to Withdraw Funds Clause in Contracts

Your Ability to Withdraw Funds. These provisions apply only to demand deposit checking Accounts where deposits are made via Digital Deposits. You agree that Electronic Images submitted via Digital Deposits (from either your personal computer or mobile device) are not subject to the funds availability requirements of the Federal Reserve Board's Regulation CC. Our policy is generally to make funds from your Digital Deposits available to you on the first Business Day after the day we receive your deposit. Funds that are deposited using Digital Deposits will not be deemed "received" by us until we have received an Electronic Image that meets all of the requirements for deposits via Digital Deposits (including all requirements to create a Substitute Check) stated in this Agreement and in the Digital Deposits documentation. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay items and transactions drawn on your Account. For determining the availability of your deposits, every day is a Business Day, except Saturdays, Sundays, and federal holidays. If you make deposit via Digital Deposits on a day that is not a Business Day, we will consider such deposit made on the next Business Day we are open.

Appears in 2 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement

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Your Ability to Withdraw Funds. These provisions apply only to demand deposit checking Accounts accounts where deposits are made via Digital DepositsBank’s MDC Services. You agree that Electronic Images submitted via Digital Deposits (Bank’s MDC Services from either your personal computer or mobile device) device are not subject to the funds availability requirements of the Federal Reserve Board's ’s Regulation CC. Our policy is generally to make funds from your Digital Deposits MDC Services available to you on the first Business Day after the day we receive your deposit. Funds that are deposited using Digital Deposits Bank’s MDC Services will not be deemed "received" by us until we have received an Electronic Image that meets all of the requirements for deposits via Digital Deposits (including all requirements to create a Substitute Check) stated in this Agreement and in the Digital Deposits documentationany Documentation. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay items and transactions drawn on your Accountaccount. For determining the availability of your deposits, every day is a Business Daybusiness day, except Saturdays, Sundays, and federal holidays. If you make deposit via Digital Deposits the MDC Services received and processed by the cut-off time of 6:00 p.m. CST on a day that is not a Business Daybusiness day, we will consider such deposit made on the next Business Day business day we are open.

Appears in 2 contracts

Samples: Online Banking Agreement, Mobile Banking and Mobile Remote Deposit Agreement

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Your Ability to Withdraw Funds. These provisions apply only to demand deposit checking Accounts accounts where deposits are made via Digital DepositsBank’s MDC Services. You agree that Electronic Images submitted via Digital Deposits (Bank’s MDC Services from either your personal computer or mobile device) device are not subject to the funds availability requirements of the Federal Reserve Board's ’s Regulation CC. Our policy is generally to make funds from your Digital Deposits MDC Services available to you on the first Business Day after the day we receive your deposit. Funds that are deposited using Digital Deposits Bank’s MDC Services will not be deemed "received" by us until we have received an Electronic Image that meets all of the requirements for deposits via Digital Deposits (including all requirements to create a Substitute Check) stated in this Agreement and in the Digital Deposits documentationany Documentation. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay items and transactions drawn on your Accountaccount. For determining the availability of your deposits, every day is a Business Day, except Saturdays, Sundays, and federal holidays. If you make deposit via Digital Deposits the MDC Services by the cut-off time of 7:00 p.m. CST on a day that is not a Business Day, we will consider such deposit made on the next Business Day we are open.

Appears in 1 contract

Samples: Online Banking Agreement

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