Common use of Funds Availability May Be Delayed Clause in Contracts

Funds Availability May Be Delayed. The items transmitted using the Mobile Deposit Service are not subject to the funds availability requirements of Federal Reserve Board Regulation CC. HSFCU may delay the availability of funds deposited through the Mobile Deposit Service in its discretion. To avoid delay, you may go to any HSFCU branch to deposit the Original Check instead of using the Mobile Deposit Service. Credit given for any item is provisional and subject to final approval of the item. You are responsible for any funds credited to your account if the Check is returned unpaid for any reason at any time, irrespective of when the funds are made available to you.

Appears in 3 contracts

Sources: Consumer Digital Banking Services Agreement, Consumer Digital Banking Services Agreement, Consumer Digital Banking Services Agreement