Funds Availability
Policy
Rev. 06/19
When a deposit is made to your account the funds may not be available immediately. For example, if you deposit a check on Monday, you may not be able to withdraw the funds from that check, and we may not pay another check with those funds, until Tuesday, or even later. See the Availability Timeline below for details about when you can use the funds from different types of deposits.
Please remember that even after you withdraw funds from a check deposit that is made available to you, you are still responsible if the check(s) are later returned unpaid to us and for any other problems involving your deposit.
Availability Timeline for Deposits to Established Accounts
Below is our general policy for deposits to accounts open for more than 30 days. Longer delays may apply, and different rules apply for checks deposited to accounts open 30 days or less (see below).
| When a deposit is made by | Deposited funds are available |
|---|---|
|
Electronic direct deposit
Wire Transfer
Cash
|
The same business day |
| Check |
Usually the next business day, but see
"Longer Delays May Apply" below
|
What is a "Business Day?"
A business day is any day of the week except Saturdays, Sundays, and federal holidays.
If you conduct an in-branch deposit on a business day that we are open, we will consider that to be the day of your deposit. If you conduct a deposit at the ATM before 2:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. If you submit a deposit remotely or by mobile device before 5:00 P.M. we will consider that day to be the day of your deposit. However, if your deposit is conducted after any of the respective times listed, we will consider that deposit made on the next business day. Deposits made through our Night Deposit after 8:00 A.M. will be processed on the next business day. All times noted are Central Standard Time (CST).
Check Cashing, Holds on Other Funds, and Initial Provisional Credit
We may cash a check or make a check deposit available immediately if you have funds to cover that check in any of your accounts with us. If we do, we reserve the right to hold those funds (equal to the amount of the check) in your account(s) according to the timelines described elsewhere in the policy.
We may make a portion of your deposit available to you immediately. The initial provisional credit will depend upon how your deposit is conducted and the type of item deposited along with other factors described in the following sections.
- In-branch deposit may receive an immediate amount of $200.00.
- ATM deposit may receive an immediate amount of $100.00.
- No initial amount is given for a check deposit that is received by remote or mobile device.
Longer Delays May Apply
Funds from check deposits may not be available according to the timeline described above. In some cases, funds may be held for up to two (2) business days. In these cases, the first $200.00 of the deposit will be available on the next business day.
Safeguard Exceptions
Funds from check deposits may be delayed up to seven (7) business days if:
- Your account has been opened less than 30 days (see Availability Timeline in the next section).
- We believe a deposited check will not be paid.
- You deposit checks totaling more than $5,000.00 on any one 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 computer or communications equipment.
In addition, the Bank reserves the right to delay the availability of funds from check deposits to savings and money market accounts. We will notify you if we delay your ability to withdraw funds, and we will tell you when the funds will be available.
If you will need the funds from a check deposit right away, ask us when the funds will be available.
Availability Timeline for Deposits for New Accounts (Opened 30 Days or Less)
| When a deposit is made by | Deposited funds are available |
|---|---|
|
Electronic direct deposit
Wire Transfer
Cash
|
The same business day |
| U.S. Treasury check payable to you |
The first $5,000.00 is available on the next business day if deposited with a teller, otherwise 2 business days.
Any remainder over $5,000.00 is available on the 7th business day.
|
|
Government, cashier's, certified, teller's, or traveler's check that is payable to you (and may require use of a special deposit slip).
Postal money order. Federal Reserve Bank check or Federal Home Loan Bank check payable to you.
|
The first $5,000.00 is available on the next business day if deposited with a teller, otherwise 2 business days.
Any remainder over $5,000.00 is available on the 7th business day.
|
|
Other checks not specifically described above:
For example personal checks, or checks not written to you.
|
On the 10th business day |