is to make funds from your deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can 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 Saturday, Sundays, and Federal Holidays. If you make a deposit before 5:00 p.m. at any of our locations 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 this cut-off time or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Funds mailed to us will be considered deposited on the day they are received by us.
Funds deposited to a night depository, lock box, or similar facility will be considered deposited on the day the deposit is removed from such facility and is available for processing.
In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the deposit you make, funds may not be available until the second business day after the day of your deposit. However, the first $200 of your deposits will be available on the first business day after the day of your 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 any one if 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 the day we receive your deposit.
If you will need the funds from a deposit right away, your 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
- 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 an interruption of communications
or computer or other equipment facilities, a suspension of payments
by another bank, war, or an emergency condition beyond our control
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. It may take up to the seventh business day after the day of your deposit for the funds to be available for withdrawal.
Our funds availability policy does not apply to money market accounts, savings accounts, and time deposits or deposits of items payable in a medium other than United States money, or to deposits of checks drawn on a bank office located outside the United States, Puerto Rico or the U.S. Virgin Islands.
Funds deposited at ATMs that we do not own or operate will not be available until the second business day after the day of your deposit.
All ATMs that we own or operate are identified as our machines.