Funds Availability Disclosure

YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to all deposit accounts. Our policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposit and cash deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for the checks you have deposited that are returned to us unpaid (return deposit items) and for any other problems involving your deposit.

To determine the availability of your deposits, every day is a business day, except Saturdays, Sundays and federal holidays. On business days that we are open, the time that we stop accepting deposits in our branches for same day is 7 p.m. If you make a deposit with a bank teller before 7 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 7 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open. 

Similarly if you make a deposit at an ATM before 5:30 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 at an ATM after 5:30 p.m. or on a non-business day, we will consider that the deposit was made on the next business day we are open.

We will consider deposits made by mail, lock box or night depository to have been made on the business day on which we verify the amount of the deposit.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.
 

Longer Delays May Apply

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 $5,000 on any one day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of computer or communications 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 fourth business day after the day of deposit.

 

Foreign Items

Funds from the deposit of a check or other items drawn on a bank located outside the United States or payable in foreign currency are available when the funds have been collected. (Canadian Items whether US Dollar or Canadian Dollar are considered foreign).

PLEASE NOTE: This Funds Availability Disclosure does not affect our right under your Account Agreement with us to charge back to your account, or otherwise obtain a refund from you for any item that is not finally paid for any reason.