Agenda - Council - 11/13/2012 - Laserfiche WebLink

Home

PROPOSAL FOR BANKING SERVICE BANK{ gtEWEST H. Same day credit of deposits and incoming wire transfer (include cutoff time for deposits) Availability is assigned as follows: All paper checks deposited and received before the cutoff time published in the branch, cash vault, or any other department/office, will receive collected funds in accordance with the following schedule: • Bank of the West Checks • U.S Government Checks • Financial Institutions • In City Institutions • Out of District • Other Checks: Canadian, Foreign*, Country* Same Day One Day One Day One Day One Day Two Days Collected funds are stated in whole business days. Fractional float is applied to each transit check deposited. For all local and non -local items, 95% of the face value of the item is available on day 1 and the remaining 5% is available on day 2. This schedule is subject to change without notice. ACH Cut-off Times Customer Input Method Direct Transmission Internet Cut -Off Time Book Transfer Next Day (Same Day Settlement) Settlement 7:30 p.m. CST 7:30 p.m. CST 7:30 p.m. CST 7:30 p.m. CST Wire Availability and Cut-off Times Type of Transfer Intra-district (within Fed district) Inter -district (between Fed districts) Book transfer/Internal Drawdown International Telephone 2 or more Days Settlement 7:30 p.m. CST 7:30 p.m. CST (All times listed are in CENTRAL Standard Time.) Input Method Automatic Standing Transfer 8:00 a.m. 8:00 a.m. 8:00 a.m. 4:30 p.m. 4:30 p.m. 4:30 p.m. 8:00 a.m. 8:00 a.m. 8:00 a.m. 4:30 p.m. 4:30 p.m. 4:30 p.m. 8:00 a.m. 8:00 a.m. 8:00 a.m. 6:00 p.m. 7:00 p.m. 6:00 p.m. 8:00 a.m. 8:00 a.m. 8:00 a.m. 4:00 p.m. 4:30 p.m. 4:30 p.m. 8:00 a.m. 8:00 a.m. 8:00 a.m. 4:30 p.m. 4:30 p.m. 4:00 p.m. Internet 19IFage