(a) For the purpose of allowing time to process items, prove balances and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of two p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.
(b) An item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day.
Structure West Virginia Code
Chapter 46. Uniform Commercial Code
Article 4. Bank Deposits and Collections
§46-4-103. Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care
§46-4–104. Definitions and Index of Definitions
§46-4-106. Payable Through or Payable at Bank; Collecting Bank
§46-4-107. Separate Office of a Bank
§46-4-108. Time of Receipt of Items
§46-4-110. Electronic Presentment
§46-4-111. Statute of Limitations
§46-4-202. Responsibility for Collection or Return; When Action Timely
§46-4-203. Effect of Instructions
§46-4-204. Methods of Sending and Presenting; Sending Directly to Payor Bank
§46-4-205. Depositary Bank Holder of Unindorsed Item
§46-4-206. Transfer Between Banks
§46-4-207. Transfer Warranties
§46-4-208. Presentment Warranties
§46-4-209. Encoding and Retention Warranties
§46-4-210. Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds
§46-4-211. When Bank Gives Value for Purposes of Holder in Due Course
§46-4-213. Medium and Time of Settlement by Bank
§46-4-214. Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item
§46-4-216. Insolvency and Preference
§46-4-302. Payor Bank's Responsibility for Late Return of Item
§46-4-401. When Bank May Charge Customer's Account
§46-4-403. Customer's Right to Stop Payment; Burden of Proof of Loss
§46-4-404. Bank Not Obligated to Pay Check More Than Six Months Old
§46-4-405. Death or Incompetence of Customer
§46-4-406. Customer's Duty to Discover and Report Unauthorized Signature or Alteration
§46-4-407. Payor Bank's Right to Subrogation on Improper Payment
§46-4-502. Presentment of &Quot;on Arrival" Drafts
§46-4-504. Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses