Common use of Day of Deposit Clause in Contracts

Day of Deposit. Scanning and submitting Check Image deposits does not constitute receipt of the deposit by Prosperity. You agree that items transmitted using the Mobile Remote Deposit Capture Service are not subject to the funds availability requirements of Regulation CC. Generally, Check Image deposits received by Prosperity prior to 6:00 p.m. Central Time are processed on the Business Day of receipt by Prosperity. Otherwise, we will consider the deposit to be made on the next business day we are open. Any Check Image deposit received after this time or on Saturdays, Sundays, and holidays when we are closed will be processed on our next Business Day. Acknowledgment that your Check Image deposit has been received by Prosperity does not mean that the Check Image deposit was received error free. The date of deposit is not necessarily the date of funds availability. Funds deposited using the Services will generally be made available in two (2) business days from the day of deposit. We may make such funds available sooner, in our sole discretion.

Day of Deposit. Scanning and submitting Check Image deposits does not constitute receipt of the deposit by Prosperity. You agree that items transmitted using the Mobile Remote Deposit Capture Service service are not subject to the funds availability requirements of Regulation CC. Generally, Check Image deposits received by Prosperity prior to 6:00 p.m. Central Time are processed on the Business Day of receipt by Prosperityreceipt. Otherwise, we will consider the deposit to be made on the next business day we are open. Any Check Image image deposit received after this time or on Saturdays, Sundays, and holidays when we are closed will be processed on our next Business Day. Acknowledgment that your Check Image deposit has been received by Prosperity does not mean that the Check Image deposit was received error free. The date of deposit is not necessarily the date of funds availability. Funds deposited using the Services will generally be made available in two (2) business days from the day of deposit. We may make such funds available sooner, in our sole discretion.