Funds Availability Disclosure. This Section applies only to consumers. This disclosure describes your ability to withdraw funds at NASA Federal Credit Union. It only applies to the availability of funds in transaction accounts (i.e. checking accounts). The Credit Union reserves the right to delay the availability of funds deposited to accounts or consumer accounts (i.e., business accounts) that are not transaction accounts for periods longer than those disclosed in this Section. It is the policy of the Credit Union to follow the guidelines contained in the federal regulation Availability of Funds and Collection of Checks (Regulation CC – 12 CFR 229), in determining the delay of funds from deposits of checks, money orders, and traveler checks. During the delay you may not withdraw funds from the deposit in cash and the funds will not be used to pay checks you have written. In certain instances, funds from these items will be available immediately, as described in this disclosure. Even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Determining the Availability of a Deposit. When we delay the availability of a deposit, the length of the delay is determined by counting the business days up until 5:00 PM from the date of your deposit. Every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit at an ATM that we own or operate after 12:00 PM or on a day we are not open, we will consider the day of deposit to be the next business day. The length of the delay may vary depending on the type of the deposit and is explained below. Same-Day Availability. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Next-Day Availability. Funds from the following deposits are available no later than the first (1st) business day after the day of your deposit: • U.S. Treasury checks that are payable to you • Wire Transfers • Checks or drafts drawn on NASA Federal Credit Union Next-Day Availability for Certain Deposits Made In Person. Funds from the following deposits are available no later than the first (1st) business day after the day of your deposit if you make the deposit in person to one of our employees: • Cash • State and local government checks (DC, MD, and VA) • Cashier’s, certified, teller, and official bank checks • Official Payroll Checks (as we de...
Funds Availability Disclosure. Please refer to the Funds Availability Disclosure in the Membership Agreement Packet.
Funds Availability Disclosure. MOVO’s policy is to make funds from electronic direct deposits available to you on the business day we receive the deposit. Once they are available, you have full access to spend, withdraw, or transfer the funds. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and Bank and/or federal holidays. Funds sent to you using the MOVO Pay feature, peer-to-peer transfers between MOVO accounts, are deposited immediately and available to you to spend, withdraw, or transfer. Funds loaded through cash load services, such as, Mastercard RePower, are available to you on the day we receive the deposit and the funds are immediately available to you to spend, withdraw, or transfer.
Funds Availability Disclosure. Your Ability to Withdraw Funds at Peoples State Bank. Our policy is to make funds from your 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 the funds are available, you can withdraw them in cash and/or we will use them 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. If you make a deposit before closing 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 after closing or on a day we are not open, we will consider the deposit to be made on the next business day we are open. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day we receive your deposit. In most cases, and except as otherwise provided herein, funds may not be available until the second business day after the day of your deposit. The first $200 of your deposit, however, may be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first business day after the day we receive your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds would be available. Longer Delays May Apply. We may delay your ability to withdraw funds deposited by check into your account an additional number of days for the following reasons: • You deposit checks totaling more than $5,000 on any one day; • You deposit a check that has been returned unpaid; • You have overdrawn your account repeatedly in the last six months; • We believe a check you deposited will not be paid; • There is an emergency, such as failure of computer or communications equipment; and • You deposit a check into a new account. 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. Except as provided in the “Special Rules for New Accounts...
Funds Availability Disclosure. Is the explanatory information we provide about your rights concerning the availability of funds from deposits to an account with us. Please see the “Funds Availability Disclosure,” at the end of this Part 2 of the MSA.
Funds Availability Disclosure. When a deposit is made to your Secured Account, the funds may not be available immediately. This section describes when funds will be made available to you.
Funds Availability Disclosure. Your Ability to Withdraw Funds Our policy is to make funds from your deposits available to you on the business day we receive your deposit. Funds from 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/or we will use the funds to pay checks you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and federal holidays. If your account was opened and funded online, your initial deposit will be held for three (3) business days.
Funds Availability Disclosure. This disclosure describes your ability to withdraw funds at LGE Community Credit Union. It only applies to the availability of funds in “transaction accounts” subject to Regulation CC. Transaction accounts, in general, are accounts, which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Please read all provisions carefully in order to fully understand when funds may be available from certain deposits. Funds "availability" means your ability to withdraw funds from your account, whether those withdrawals are by cash, check, automatic payment, or any other method we offer you for access to your account. If deposited funds are not "available" to you on a given day, you may not withdraw the funds in cash and we may not use the funds to pay items that you have written or honor other withdrawals you request. If we pay items that you have written or honor other withdrawals before funds are available to you, we may charge a fee for this. Applicable fees are set forth in our Commercial Fee Schedule. Please remember that even after the item has "cleared," we have made funds available to you, and you have withdrawn the funds, you are still responsible for items you deposit that are returned to us unpaid and for any other problems involving your deposit.
Funds Availability Disclosure. Borrower acknowledges, ------------------------------- understands and agrees that Lender is a private, non-public, entity. As such, Lender obtains its funds from the private capital markets and/or individuals who desire to participate in Lenders investment banking activities, thus Lender does not have a guaranteed source of money in which to fund this transaction with Borrower. Borrower acknowledges that the volatility of the capital markets, the nature of Borrower's business activities and/or other events which may come into existence may impact Lender's ability to raise and procure sufficient capital in order to fund all or substantially all of the Loan described in this Amended RCA. While Lender will use its best efforts to raise all necessary capital to complete the funding obligations described in this Amended RCA, the Note and as Amended and Restated Credit Line, Lender cannot and will not guaranty to Borrow that all proposed funding required herein, will be available as, if and when Borrower elects to make draw requests under the terms of this Amended RCA and/or the Note. Borrower acknowledges and agrees that the inability of Lender to obtain funds to complete the funding of this Amended and Restated Credit Line will not constitute a breach or violation of this Amended RCA and/or the Amended and Restated Note and/or any other Loan document as defined herein on the part of Lender; provided, however, that in the event of Lender's failure to fully fund the entirety of the Amended and Restated Credit Line in accordance with the Schedule of Advances for reasons other than a Borrower default or a Collateral deficiency relative to the Minimum Collateral Coverage Requirements described in Section 1.6 below, the provisions of Section 1.5 below shall be applicable.
Funds Availability Disclosure. When you deposit funds in your Xxxxxx Savings Bank account, you will need to understand the policies that govern the availability of those funds. This disclosure statement applies to all deposit accounts, and it explains our policy of holding items deposited into such accounts before funds are made available to you for withdrawal. Our general policy is to make funds from your deposits available to you the same business day we receive your deposit. Electronic direct deposits and wire transfers received before 4:00 p.m. will be available after we receive the deposit, or once it has been posted to your account. Once they are available, you can withdraw funds in cash, and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for the checks you deposit that are returned to us unpaid and for any other problems involving your deposit. The Bank will give immediate credit on a deposit but will hold a corresponding amount of funds in another account of the customer until the deposited funds would have become available. The Bank will cash a check drawn on another institution but will hold a corresponding amount of funds that are already in the customer’s account until the funds from the cashed check would have become available.
