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. Checks

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 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 will be effective if the Credit Union receives the order in time for the Credit Union to act upon the order and you accurately and timely describe the Account number, date of the check, payee name, number of the check and its exact amount. You understand that the exact information is necessary for the Credit Union’s computer to identify the check. If you give us incorrect or incomplete information, we will not be responsible for failing to stop payment on the check. We must be given reasonable opportunity to act on any stop payment order before it can be con- sidered effective. If the stop payment order is not received in time for us to act upon the order, we will not be liable to you or to any other party for payment of the check. If we re-credit your Account after paying a check over a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to transfer to us all of your rights against the payee or other holders of the check and to assist us in any legal action. We are not obligated to reimburse you for a paid stop payment unless you can provide proof of loss associated with such payment.

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.

Examples of Large cash withdrawals in a sentence

• Large cash withdrawals from a previously dormant/inactive account, or from an account which has just received an unexpected large credit from abroad.

• Large cash withdrawals made from a business account not normally associated with cash transactions.

• Large cash withdrawals from a previously dormant/inactive account, or from an account which has just received an unexpectedly large credit from abroad.

• Large cash withdrawals from a previously dormant or inactive account or from an account which has just received an unexpected large credit from abroad.

• Indicators of Why Elderly and Dependent Adults Are Abuse Indicators of Financial or Material Abuse Large cash withdrawals from the elder’s bank account.

• Large cash withdrawals by spending agencies from the Central Bank were commonplace.

• Large cash withdrawals from depository institutions for payments due to fractional banking pressures leaves depository institutions with reduced liquidity resulting in upward pressure on deposit rates.

• Large cash withdrawals were again made in the Swiss office, with the false description of office opening expenses.

• Finally, empirical data also support the managerial power explanation.

• Large cash withdrawals from a previously dormant / inactive account, or from an account which has just received an unexpected large credit from abroad.