Complex sentence: For each of these items, the item must be presented for deposit into the payee's account for it to receive expedited fund availability; when one of these checks is presented for deposit into a third party account, it loses its preferential treatment.
Split into simpler sentences: For each of these items, the item must be presented for deposit into the payee's account for it to receive expedited fund availability. When one of these checks is presented for deposit into a third party account, it loses its preferential treatment.