Availability of Other Check Deposits. Your ability to withdraw funds other than those considered "next-day" items depends primarily on: (i) the length of time you have had an Account with the Branch; and (ii) the type of check (certain other checks). For purposes of this section, a "local check" is a check drawn on a financial institution located in the same check processing region as the Branch. Effective February 27, 2010, there is a single check processing operation. All checks drawn on U.S. banks are now considered local check. In addition, "certain other checks" are defined as: checks drawn on Federal Reserve Bank or Federal Home Loan Bank, state or unit of general local government, U.S. Postal Service money orders, ▇▇▇▇▇▇▇’s check, certified or teller checks not deposited in person.
Appears in 2 contracts
Sources: Universal Account Agreement, Universal Account Agreement