11/16/2023 0 Comments Check type single wallet vs duplicateFor equal deposit amounts, we'll debit the account that first received a deposit. If checks deposited into multiple accounts are returned unpaid, we’ll debit your account with the largest amount deposited. Your account may also be debited for any special fees incurred in processing items for collection. If a temporary credit is reversed or an item is charged back to your account, a fee may be deducted from the account, together with any interest earned on the amount of the item. If an item you deposit (or a check cashed against your account) is returned to us unpaid, or if we receive a claim from another bank that the item was not properly payable (for example, a claim that the item was altered), we may debit the entire amount of the item (plus any applicable fees) from any account you hold with us, even if doing so creates an overdraft. We reserve the right to require waiting periods, as described in the Deposit Availability Disclosure provided herein, before we will allow withdrawal against temporary credits. Any temporary credit may be reversed by us. Please refer to the section of this disclosure entitled Deposit Availability Disclosure to determine when funds are available for withdrawal or for paying transactions on your account.Īccepting Items for Deposit. We will accept items for deposit, but act only as your agent for collection and assume no responsibility for these items, beyond the exercise of ordinary care.Įven though we credit your account for the amount of any item, this credit is temporary until we receive final payment in cash or other manner acceptable to us. Funds deposited after the above stated times will be credited on that business day or the next business day. ET for funds deposited at an ATM) on any business day will be credited to the applicable account that business day. local time, or such later time posted in the branch, (9 p.m. If you already have existing accounts with Capital One Bank that have been open for a period of at least thirty (30) calendar days, accounts subsequently opened will not be considered new accounts.Īdditional Deposits. Unless otherwise provided by the terms and conditions contained in your Account Disclosure, there is no limit on the number of deposits that may be made to an account, however, we reserve the right, at our sole discretion, to refuse further deposits to your account.Ĭrediting of Deposits. Funds deposited in a branch before 2 p.m. Your account is considered a new account if it has been open for thirty (30) calendar days or less. Your New Account. Additional terms and conditions, applicable service charges, minimum deposit requirement, and where applicable, information concerning the calculation, compounding and crediting of interest are contained in the disclosure statement and agreement for the type of account you have opened (your “Account Disclosure”). If you fail to provide us with the number, we may close the account at any time without prior notice to you. If you are in the process of applying for such a number, we may open your account temporarily pending receipt of the number. Taxpayer Identification Number. Federal law requires that you provide us with your Social Security Number or your Employer Identification Number before opening any account. We will also ask to see your driver’s license or other identifying documents. When you open an account, we will ask for your name, street address (a post office box may not be used), date of birth, and other information that will allow us to identify you. Important Information about Procedures for Opening a New Account. To help the United States Government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information identifying each person who opens an account. We are not liable for any damages or liabilities resulting from refusal of an account relationship. We may decline to open an account for any reason, or for no reason. By opening or continuing to maintain a deposit account with us, each customer (referred to as “you” or “your”) agrees to be bound by the applicable provisions of these Rules, and all applicable agreements, disclosures, and other documents, as well as by all applicable federal or state laws, statutes and regulations. These Rules Governing Deposit Accounts (herein after referred to as “Rules”), as well as other agreements that are provided to you separately, as may be amended from time to time, constitute the deposit contract which governs all deposit accounts with Capital One Bank. (hereafter referred to as “Capital One Bank,” “Capital One,” “we,” “us,” or “our”).
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