Funds Availability. When you transfer funds from an Authorized External account to your Deposit Account, the funds will not be available for your use or withdrawal until 4 Business Days after the transfer is deposited into your Deposit Account, even if such transfer is reflected in your current balance.
Funds Availability. The Credit Union policy is to make the first $225 of the deposit available to the member immediately, while the remaining funds will become available around two (2) business days after the date of deposit. Even after the Credit Union has made funds available to the member, and even if the member has withdrawn the funds, said member is still responsible for checks that are deposited and are returned to the Credit Union unpaid, and for any other problems involving said member’s deposit.
Funds Availability refers to your ability to use the funds that you deposit into your account through the Service. This funds availability policy only applies to deposits made using the Service. Deposits made at a branch location or ATM remain subject to the funds availability policy outlined in your deposit account agreement. The funds for the Checks that you deposit through the Service may not be immediately available to you. In order to determine the availability of your funds, you will need to determine the date and time that the Checks and all required data and information are received by the Bank. You understand and agree that we shall not be deemed to have received a Check deposit through the Service until we notify you via onscreen messaging and/or e-mail that we received the Check deposit. The deposit cut-off time for the Service is 4:00 PM Central Time (CT). The Bank reserves the right to change the cut-off time in its sole discretion. Such change shall be effective immediately and may be implemented before you receive notice of the change. You may contact us at any time to verify our current cut-off time. If you complete the scanning and transmission process and receive your deposit receipt, c hecks that you deposit before the cut-off time on our business days will be considered as received that same business day. Checks that are received by us through the Service after the cut-off time on a business day, or on any day that is not a business day, will be considered as received by us on the next business day. For purposes of determining when a deposit is received, the Bank’s records shall be determinative. Your deposit made using the Service will generally be available on the first Business Day after the day of deposit. The Bank may delay availability of funds based on such factors as credit worthiness, the length and extent of your relationship with us, transaction and experience information, and such other factors as the Bank, in its sole discretion, deems relevant. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. In general, funds delayed for the above reasons will be available no later than the seventh Business Day (Monday thru Friday, excluding federal holidays) after the day of your deposit. You agree that it is your responsibility to understand and build into your transmission schedules the appropriate deadlines necessary to meet our funds availability schedule. We ...
Examples of Funds Availability in a sentence
Subject to Our Funds Availability Policy, You may not be able to withdraw funds from Your Account until We have received final settlement for any items deposited.
The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure.
See Our Funds Availability Policy Disclosure for Our policy regarding the availability of Your deposits.
The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement.
The length of delay varies depending on the type and manner of deposit.For determining the availability of funds deposited to your Accounts, for purposes of the Funds Availability Policy, every day is a business day, except Saturdays, Sundays, and federal holidays.
More Definitions of Funds Availability
Funds Availability. It is important that you have sufficient funds in your checking account to cover any scheduled payments on or before the “send on” date. If available, funds from your savings account (Courtesy Pay) and/or Kwik Cash overdraft protection loan may automatically transfer to allow scheduled bill payments to be processed.
Funds Availability. Items transmitted using Remote Deposit are not subject to the funds availability requirements of Federal Reserve Board Regulation CC, and therefore longer hold delays may apply to these deposited items. Remote Deposit checks submitted before 4:00 p.m. (PST) on a business day will be reviewed and processed the same day, otherwise Remote Deposit checks will be reviewed and processed the next business day. A business day is any day except Saturday, Sunday and holidays. Funds that you deposit using Remote Deposit may not be immediately available to you. Acknowledgment that your Check Image deposit has been received by us does not mean that the Check Image deposit was received error free. Availability of funds will differ based on the account status and other account requirements or limitations. The following check items are not accepted for deposit through Remote Deposit: • Items that do not contain the described restrictive endorsement. • Items displaying a "non-negotiable" or "void" notation or watermark. • Items containing an alteration on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn. • Items dated more than six (6) months prior to the date of deposit. • Items previously converted to a substitute check or items that are remotely created checks as defined by Federal Reserve Board Regulation CC. • Items issued by or through a financial institution in a foreign country. • Items not payable in United States currency. • Items with incomplete or illegible information. • Items that are money orders, traveler's checks or savings bonds. • Items made payable to a third party (i.e., any person or entity other than you). • Items that are in violation of any federal or state law, rule, or regulation. • Checks or items prohibited by the Credit Union's current procedures relating to Remote Deposit or are otherwise not acceptable under the terms of your Credit Union account. • Items with any endorsement on the back other than what is specified in this Agreement. You agree to follow any and all other procedures and instructions for use of the Remote Deposit service as the Credit Union may establish from time to time.
Funds Availability. The Bank agrees: to make Fed Funds available to the applicable Portfolio at 10:00AM ET on the second business day after deposit of any check into an Account in the amount of the check (subject to reversal in the event that any such check does not properly clear); to make funds available immediately upon a deposit made by Federal Reserve wire; and to make funds available on the next business day after a deposit by ACH credit.
Funds Availability. When you transfer funds from a Verified Account at an Approved Financial Institution to your eligible Xxxxxxx Bank Online Account, the funds will be available for use the day the funds post to the Xxxxxxx Bank Online Account. There must be adequate funds in your Verified Account at the time we attempt the deduction or your request will not be processed. Transfers from your Xxxxxxx Bank Eligible Account to your Verified Account at an Approved Financial Institution: • For a one-time transfer, we will deduct the funds from your eligible Xxxxxxx Bank Online Account on the “Transfer on” date or within 2 Business Days thereafter. • For a recurring transfer, we will deduct the funds from your eligible Xxxxxxx Bank Online Account on the “start date” or within 2 Business Days thereafter; we will continue to deduct funds from this eligible Xxxxxxx Bank Online Account for subsequent transfers, using the start date as a reference point. • Funds availability: Once funds are transferred from your eligible Xxxxxxx Bank Online Account to Verified Account at an Approved Financial Institution, the availability of such funds will be at the sole discretion of the Approved Financial Institution. There must be adequate funds in your Online Account at the time we attempt the deduction or your request will not be processed.
Funds Availability. When you transfer funds from a Verified Account at an Approved Financial Institution to your eligible Xxxxxxx Bank Online Account, the funds will be available for use the day the funds post to the Xxxxxxx Bank Online Account. • There must be adequate funds in your Verified Account at the time we attempt the deduction or your request will not be processed.
Funds Availability has the meaning set forth in Section 4.2.
Funds Availability means, at any time, the amount equal to the amount of cash or Cash Equivalents held by the Seller at such time.