FUNDS AVAILABILITY POLICY DISCLOSURE. This disclosure describes your ability to withdraw funds at Texas Tech Federal Credit Union. It only applies to the availability of funds in transaction accounts. The credit union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those disclosed in this policy. Please ask us if you have a question about which accounts are affected by this policy. Our policy is to make funds from your cash deposits available to you immediately and make funds from your check deposits available to you within two business days after 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 Saturdays, Sundays, and federal holidays. We have different deposit cut-off hours for different deposit locations. The earliest cut-off time that might apply is 4:00 p.m. If you make a deposit before our cut-off hour 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 our cut-off hour or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Our cut-off hours are available at the credit union. In some cases, we will not make all of the funds that you deposit by check available to you on the second business day after we receive your deposit. The first $225.00 of your deposit will be available on the first business day after the day of your deposit. We will notify you at the time you make your deposit of any holds. 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 next business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.
FUNDS AVAILABILITY POLICY DISCLOSURE. Your Ability to Withdraw Funds at First County Bank.
FUNDS AVAILABILITY POLICY DISCLOSURE. You acknowledge and agree that Avadian may make deposits available up to seven (7) business days from the day of deposit.
FUNDS AVAILABILITY POLICY DISCLOSURE. This disclosure contains information about terms, fees, and dividend rates for some of the accounts we offer. Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written.
FUNDS AVAILABILITY POLICY DISCLOSURE. This policy applies to any checking account you hold with us. For all other accounts, we reserve the right to impose longer holds on funds if we deem it necessary.
FUNDS AVAILABILITY POLICY DISCLOSURE. The Funds Availability Policy Disclosure describes your ability to withdraw funds at Capital Credit Union. 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 checks totaling more than $5,525 on any one day. • You deposit 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 seventh business day after the day of your deposit. Funds from electronic direct deposits, deposits of cash, and wire transfers to your account will be available on the day we receive the deposit. Funds from 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 your 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 fifteenth business day after the day of your deposit.
FUNDS AVAILABILITY POLICY DISCLOSURE. This policy applies to checking accounts. Deposits to other types of accounts may be subject to longer holds, at our discretion.
FUNDS AVAILABILITY POLICY DISCLOSURE. (For Massachusetts and New York Members Only)
FUNDS AVAILABILITY POLICY DISCLOSURE. (Regulation CC) The following availability schedule is based upon the definitions and interpretations of the laws and regulations governing the holds on checks in your Account at Caribe Federal. The funds that the depositor (hereinafter “you” or “your”) deposit in your Account will be available in accordance with this policy. Until they are available, the Credit Union will not use the funds to pay checks that you have written. The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays, federal holidays and any day the Credit Union is kept closed for business due to force majour. Deposits made during a regular business day, will be considered made on that day. The length of the delay varies depending on the type of deposit and is explained below. Immediately Availability: o Cash o Checks Drawn on the Credit Union (On-Us) o Electronic direct deposit (including wire transfer, social security, payroll etc.) An electronic payment is received when the Credit Union receiving the payment has received both: Payment in actually and finally collected funds; and Information on the account and amount to be credited. o Wire Transfers o US Treasury checks, US Postal Money Orders, checks drawn on the Federal Home Loan Bank or the Federal Reserve Bank, if these items are payable to you. o Checks of the Government of Puerto Rico, payable to you. o Local manager’s, cashier’s and certified checks, and bank money orders [issued by a financial institution located in Puerto Rico] payable to you and deposited in person at Credit Union’s office. Other checks deposit: o All checks drawn on financial institutions in Puerto Rico or United States (local checks) will be available as follows: $200.00 next business day $400.00 second business day Remaining Balance third business day Checks drawn on branches or banks in foreign countries will have a hold period equal to the time their collection is delayed. Some checks are market “payable through” and have a four or nine-digit number nearby. For these checks, use this four-digit number (or the first four digits of the nine-digit number), not the routing number on the bottom of the check, to determine if these checks are local. Once you have determined the first four digits of the routing number, this chart will show you when funds from the check will be available. Longer delays may apply: Funds you deposit by check may be delayed for a longer peri...
FUNDS AVAILABILITY POLICY DISCLOSURE. Effective: April 1, 2016
