Our Policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. At that time, you can withdraw the funds in cash or we will use the funds to pay what you have written.
For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 5:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 5:00 p.m. or on a day we are not open, we will consider that the deposit was make on the next business day we are open.
LONGER DELAYS MAY APPLY
In some cases, we will not make all of your funds you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit. Funds may not be available until the fifth business day after the day of your deposit. However, the first $275.00 of your deposit will be available at the time of deposit.
If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.
If you will need funds from your deposit right away, you should ask us when the funds will be available.
In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
- We believe a check you deposit will not be paid
- You deposit a check totaling more than $6725.00 on any day.
- You redeposit a check that has been returned unpaid.
- You have overdrawn your account repeatedly in the last 6 months.
- There is an emergency, such as failure of communications or computer equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit.
SPECIAL RULES FOR NEW ACCOUNTS
If you are a new account holder, the following special rules will apply during the first 30 days your account is open.
A deposit of U.S. Treasury checks will be available on the first business day after the day of your deposit. Funds from wire transfers into your account will be available on the first business day after they day we receive the transfer.
Funds from deposits of cash and cashier’s certified, teller’s, traveler’s, and state and local government checks and U.S. postal service money orders will be available on the first business day after the day of your deposit. However, to qualify for first business day availability the checks and money orders must be payable to you.
Funds from all other check deposits will be available no later than the 11th day after the day of your deposit.