Blue Flame Medical v. Chain Bridge Bank — Exhibit C (Chain Bridge Bank Funds Availability Disclosure)
- Date
- 2020-07-20
Summary
Exhibit C, filed July 20, 2020 as Document 19-3 in Blue Flame Medical v. Chain Bridge Bank, Case 1:20-cv-00658-LMB-IDD. The three-page exhibit reproduces the Chain Bridge Bank, N.A. Funds Availability Disclosure. The disclosure states that funds from check deposits are generally available on the first business day after the day of deposit and that cash and electronic direct deposits are available the same day. It lists circumstances in which check funds may be delayed longer, including deposits of checks totaling more than $5,000 on any one day, with funds generally available no later than the seventh business day. It closes with special rules for new customers during the first 30 days an account is open.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Case 1:20-cv-00658-LMB-IDD Document 19-3 Filed 07/20/20 Page 1 of 3 PageID#
126
EXHIBIT C
Case 1:20-cv-00658-LMB-IDD Document 19-3 Filed 07/20/20 Page 2 of 3 PageID#
127
CHHAAIINN
BRRIIDDGGEE
BAANNKK
N..AA..
FUUNNDDSS
AVVAAIILLAABBIILLIITTYY
DIISSCCLLOOSSUURREE
Yoouurr
Abbiilliittyy
TooWiitthhddrraaww
Fuunnddss
Our policy is to make funds from your check deposits available to you on the
first business day after the day we receive your deposit. Cash and electronic
direct deposits will be available on the day we receive the deposit. Once
they are available, you can withdraw the funds in cash and we will use them
to pay checks you have written.
For determining availability of your deposits, every day is a business day,
except Saturdays, Sundays, and federal holidays. If you make a deposit before
5:00 pm on a business day that we are open, we will consider that day to be
the day of your deposit. However, if you make a deposit after 5:00 pm or on a
day we are not open, we will consider that the deposit was made on the next
business day we are open.
Loonnggeerr
Deellaayyss
Maayy
Appppllyy
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 the day of your deposit.
Depending on the type of check you deposit, funds may not be available until
the second business day after the day of your deposit. The first $200 of your
deposits, however, may be available on the first business day.
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 the 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.
In addition, funds you deposit by check may be delayed for a longer period
under the following circumstances:
*We believe a deposited check will not be paid.
*You deposit checks totaling more than $5,000 on any one day.
*You redeposit a check that has been returned unpaid.
*You have overdrawn your account repeatedly in the last 6 months.
*There is an emergency, such as failure of computer or communications.
equipment.
We will notify you if we delay your ability to withdraw funds for any
of these reasons, and we will tell you when the funds will be available.
They will generally be available no later than the seventh business day
after the day of your deposit.
If we cash a check for you that is drawn on another bank, we may withhold the
availability of a corresponding amount of funds that are already in your
account. Those funds will be available at the time funds from the check would
have been available if you had deposited it.
If we accept for deposit a check that is drawn on another bank, we may make
funds from the deposit available for withdrawal immediately but delay your
availability to withdraw a corresponding amount of funds that you have on
deposit in another account with us. The funds in the other account would then
not be available for withdrawal until the time periods that are described
elsewhere in this disclosure for the type of check that you deposited.
Case 1:20-cv-00658-LMB-IDD Document 19-3 Filed 07/20/20 Page 3 of 3 PageID#
128
Sppeecciiaall
Ruulleess
foorr
Neeww
Accccoouunnttss
If you are a new customer, the following special rules will apply during the
first 30 days your account is open.
Cash and funds from electronic direct deposits to your account will be
available on the day we receive the deposit. Funds from wires transfers and
the first $5,000 of a day's total deposits of cashier's checks, certified,
teller's, traveler's, and federal, state and local government checks will be
available on the first business day after the day of your deposit if the
deposit meets certain conditions. For example, the checks must be payable to
you. The excess over $5,000 will be available on the ninth business day after
the day of your deposit. If your deposit of these checks (other than a U. S.
Treasury check) is not made in person to one of our employees, the first
$5,000 will not be available until the second business day after the day of
your deposit.
Funds from all other check deposits will be available on the ninth business
day after the day of your deposit.
File and source
- File
- gov.uscourts.vaed.477405.19.3.pdf
- Size
- 111,074 bytes
- SHA-256
- fce1465071244600b01002137efd6ec58d3d9567fa34249c53d376924df2b6be
- Original
- PACER (login required)