Common use of Reservation of Right to Hold Clause in Contracts

Reservation of Right to Hold. 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 we receive your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check), funds may not be available until the second business day after the day of your deposit. However, the first $200 of your deposit will be available on the first business day after the day of deposit. If we are not going to make all of the funds from your deposit available on the first business day, 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 day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

Appears in 2 contracts

Sources: Membership and Account Agreement, Business Membership and Account Agreement

Reservation of Right to Hold. 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 we receive your deposit. Depending on the type of check that you deposit (e.g. e.g., a large checks check without available funds or third a third-party check), funds may might not be available until the second business day after the day of your deposit. However, the The first $200 of your deposit deposit, however, will be available on the first business day after the day of deposityour deposit is received. If we are not going to make all of the funds from your deposit available on the first business day, 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 day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 2 contracts

Sources: Membership and Account Agreement, Membership and Account Agreement

Reservation of Right to Hold. 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 we receive your deposit. Depending on the type of check that you deposit (e.g. e.g., a large checks check without available funds or third a third-party check), funds may might not be available until the second business day after the day of your deposit. However, the The first $200 225 of your deposit deposit, however, will be available on the first business day after the day of deposityour deposit is received. If we are not going to make all of the funds from your deposit available on the first business day, 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 day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Even though we make funds available to you, you are still responsible for payment of any returned items.

Appears in 1 contract

Sources: Membership & Account Agreement

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first same business day after that we receive your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check), funds may not be available until the second business day after the day of your deposit. However, the first $200 500 of your deposit will be available on the first same business day after the day of that we receive your deposit. If we are not going to make all of the funds from your deposit available on the first same business day, 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 day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

Appears in 1 contract

Sources: Membership and Account Agreement

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first same business day after that we receive your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check), funds may not be available until the second fifth business day after the day of your deposit. However, the first $200 of your deposit will be available on the first business day after the day of deposit. If we are not going to make all of the funds from your deposit available on the first business day, 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 day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

Appears in 1 contract

Sources: Membership and Account Agreement

Reservation of Right to Hold. 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 we receive your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check)deposit, funds may not be available until the second (2nd) or the seventh (7th) business day after the day of your deposit, depending on the amount of the check. However, the first $200 100 of your deposit will be available on the first (1st) business day after the day of depositday. If we are not going to make all of the funds from your deposit available on the first (1st) business day, 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 day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Appears in 1 contract

Sources: Deposit Account Contract

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first next business day after we receive your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check)deposit, funds may not be available until the second business day after the day of your deposit. However, the first $200 225 of your deposit into your checking or Money Market account will 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 same business day, we will notify you at the time you make your the deposit. We will also tell you when the funds will become available. Checks deposited to a savings account with a hold may not be availableavailable next business day and are subject to extended holds. 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 next business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us verify with the credit union when the funds will be become available.

Appears in 1 contract

Sources: Membership and Account Agreement

Reservation of Right to Hold. 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 we receive your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check), funds may not be available until the second business day after the day of your deposit. However, the first $200 275 of your deposit will be available on the first business day after the day of deposit. If we are not going to make all of the funds from your deposit available on the first business day, 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 day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

Appears in 1 contract

Sources: Membership and Account Agreement

Reservation of Right to Hold. In some cases, we will not make all of the funds that you deposit by check available to you on the first same business day after we receive of your deposit. Depending on the type of check that you deposit, or if you deposit (e.g. large checks without available funds or third party check)at an ATM, funds may not be available until the second fifth business day after the day of your deposit. However, But the first $200 300 of your deposit will into your checking account may be available on the first same business day after the day of depositday. If we are not going to make all of the funds from your deposit available on the first same business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available, if you need the funds from a deposit right away please tell us at the time of deposit so we can best assist you. If your deposit is not made presented directly to one of our employeesan OnPoint employee, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.

Appears in 1 contract

Sources: Membership & Account Agreement

Reservation of Right to Hold. In some cases, we We will not make all of the funds that you You deposit by check available to you You on the first business day after we the day We receive your Your deposit. Depending on the type of check that you deposit (e.g. large checks without available funds or third party check)You deposit, funds may not be available until the second business day after following the day of your Your deposit. However, the first $200 225.00 from a deposit of your deposit such checks will be available on the first business day after the day of We receive Your deposit. If we We are not going to make all of the funds from your Your deposit available on the first same business day, we We will notify you You at the time you You make your Your deposit. We will also tell you You when the funds will be available. If your Your deposit is not made directly to one of our Our employees, or if we decide We decided to take this action after you You have left the premises, we We will mail you You the notice by the next business day after we We receive your Your deposit. If you You will need the funds from a deposit right away, you You should ask us Us when the funds will be available. Any request for payment against funds on which a hold has been placed will be returned unpaid. LONGER DELAYS MAY APPLY. Funds You deposit by check may be delayed for a longer period under the following circumstances: . . . . .

Appears in 1 contract

Sources: Business Agreements and Disclosures