Availability of Funds
YOUR ABILITY TO WITHDRAW FUNDS
Our policy is to make funds from your cash and check deposits available to you on the first business day after we
receive your deposit. Once they are available, you may withdraw the funds in cash, and we will use the funds to
pay checks that 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 3:00 pm 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 3:00 pm or on a day that we are not open,
we will consider that the deposit was made on the next business day that we are open.
Deposits made in the night depository after 3pm will be considered made on the next business day.
Longer Delays May Apply
In some cases, we will not make all of the funds that you deposit by check available to you as disclosed above.
Depending on the type of check that you deposit, funds may not be available until the second business day after
the day of your deposit. The first $225 of your deposit, however, may be available on the first business day after
we receive your deposit.
If we are not going to make all of the funds from your deposit available to you on the first business day after we
receive your deposit, we will notify you at the time you make the deposit. We will also tell you when the funds will
be available. If your deposit is not made 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 a deposit right away, you should ask us when the funds will be available.
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 checks totaling more than $5,525 on any one day
- You redeposit a check previously returned unpaid
- You have overdrawn your account repeatedly in the last six months
- There is an emergency, such as a failure of computer or communication 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 7th business day after the day of your
Special Rules for New Accounts
If you are a new customer, the following special rules will apply during the first 30 days your account is open.
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds
from deposits of cash, wire transfers, and the first $5,525 of a day’s total deposits of cashier’s, certified, teller’s,
traveler’s and federal, state and local government checks will be available on the first business day after the day of
your deposit if the deposit meets certain conditions. For example, the checks must be payable to you.
The excess over $5,525 will be available on the ninth business day after the day of your deposit. If the deposit of
these checks, (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525
will not be available until the second business day after the day of your deposit.
Funds from all other check deposits will be available on the 10th business day after the day of your deposit.