Chapter 4 - Lesson 3
Deposits in Banks

As you learned in your textbook, all banks are legally required to provide customers information about the policies and procedures governing their accounts. Presidential Bank, with offices in Maryland, Virginia, and Washington, D.C., has its account rules posted on its web site. Read through the account rules, then answer the following questions.

Suggested keywords: account rules, Presidential Bank
Web site: http://www.presidential.com/Deprules.htm

Your Name:	Today's Date:
Question 1: Read through the account rules on the Presidential Bank site. How easy (or difficult) is it for you to understand the rules? Explain your answer.
Question 2: Scroll down to the ''Uncollected Funds and Overdrafts'' section of the account rules. Rewrite the rules in ''plain English.''
Question 3: Suppose you deposit a $500 from a check drawn on an out-of-town bank into your account. When will those funds be available to you for cash withdrawal? (Hint: Click the ''Check Hold Policy'' link.)