Deposits and Checks You Cash Sample Clauses
The "Deposits and Checks You Cash" clause defines the rules and procedures governing how deposits, including checks, are handled by the financial institution. It typically outlines the process for accepting deposits, the timeframes for funds availability, and the responsibilities of the account holder when depositing or cashing checks. For example, it may specify that deposited checks are subject to verification and may be returned if found invalid, or that funds from certain deposits may not be immediately available for withdrawal. This clause ensures both parties understand the terms under which deposits are processed, helping to prevent disputes and clarify the handling of funds and potential risks associated with check deposits.
Deposits and Checks You Cash.
1. Deposits You may make deposits to your accounts at any time at any branch through your Account Officer or by mail. Deposit by mail forms may be obtained from your branch. Deposits received in acceptable form up to 2:00 p.m. in the time zone where your branch is located on any business day will be credited to your account on the day of deposit. Funds received by the Bank after 2:00 p.m. on any business day, may be deposited to your account on the next business day.
Deposits and Checks You Cash