Large cash withdrawals definition
Large cash withdrawals. We may require reasonable advance notice for large cash withdrawals (amounts greater than $20,000). We may also refuse to honor a request to withdraw funds in cash from your account or to cash a check (including a cashier’s check or other official item) at a branch if we believe the amount is unreasonable, large, or that honoring such a request would cause us an undue hardship or security risk. If we honor the request, you may be required to sign an indemnification agreement. We are not responsible for providing for your security in such a transaction.
Large cash withdrawals. We may require reasonable advance notice for large cash withdrawals (amounts greater than $20,000). We may also refuse to honor a request to withdraw funds in cash from your account or to cash a check (including a cashier’s check or other official item) at a branch if we believe the amount is unreasonable, large, or that honoring such a request would cause us an undue hardship or security risk. In the event we honor the request, you may be required to sign an Indemnification Agreement. We are not responsible for providing for your security in such a transaction. Checks Stale and Post Dated Checks: You agree that we may pay checks drawn on your account that are presented to us for payment regardless of the date of the check, including postdated checks. We may pay checks that are presented more than six (6) months after the date of the check and not subject to a current stop payment order, but we are not obligated to do so. If you write a check with a date later than the day on which it is presented for payment, then we may pay it regardless of its date.
Large cash withdrawals. For security purposes, we have the right to limit the amount of cash we will provide on demand at a branch. We may require reasonable advance notice for large cash withdrawals. You agree that we are not responsible for providing for your security in such transactions and that we may require you to make advance arrangements with a licensed third party carrier for such withdrawals. We may also require you to sign a release for large cash withdrawals. Stop Payment Order Request: You may request a stop payment order on any check drawn on your Account. To be binding a stop payment order must be dated, signed and describe the Account check number and exact amount. If the stop payment order is placed by telephone a recording of the call will be taken and verification sent to address of record. The stop payment
Examples of Large cash withdrawals in a sentence
Large cash withdrawals or deposits: We may place reasonable restrictions on large cash withdrawals.