Common use of Funds Availability Policy Clause in Contracts

Funds Availability Policy. This policy statement applies to “transaction accounts”. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be considered transaction accounts. Our general policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written and other electronic debits that are presented for payment. For determining the availability of your deposits, Monday through Friday is a “business day” except Federal Holidays, Good Friday, the Friday after Thanksgiving, Christmas Eve, New Year’s Eve, and on any day designated for their observance. If you make a deposit at one of our offices before 5:00 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 5:00 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. Remember, even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Same Day Availability Funds from the following deposits will be available on the same day we receive the deposit: •Cash deposited in person to one of our employees; •Funds from electronic deposits (ACH) to your account; or •Checks drawn on the Credit Union and deposited in person to one of our employees. Next Day Availability Funds from the following deposits will be available on the first business day after the day of your deposit: •Wire transfers to your account; •U.S. Treasury checks and U.S. Postal money orders that are payable to you; •Federal Reserve Bank and Federal Home Loan Bank checks that are payable to you; •State and local government checks that are payable to you; •Cashier’s, certified, and teller’s checks that are payable to you; or •Checks drawn on the Credit Union and deposited into our night depository receptacle. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. The first $225 of your deposit, however, may be available on the first business day after the day of your deposit. Longer Delays May Apply 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 type of check that you deposit, funds will generally be available on 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. 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 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 business 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. In addition, funds you deposit by check may be delayed for a longer period, and posted to your Regular Savings account 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/we redeposit a check that has been returned unpaid; •You have overdrawn your account repeatedly in the last six (6) months; or •There is an emergency such as a natural disaster, failure of computer or communications equipment, or other situations that interrupt the processing of checks. 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 tenth business day after the day of your deposit.

Funds Availability Policy. This policy statement applies to “transaction accounts”. .” Transaction accounts, in general, are accounts which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be considered transaction accounts. Our general policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written and other electronic debits that are presented for payment. For determining the availability of your deposits, Monday through Friday is a “business day” except Federal Holidays, Good Friday, the Friday after Thanksgiving, Christmas Eve, New Year’s Eve, and on any day designated for their observance. If you make a deposit at one of our offices before 5:00 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 5:00 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. Remember, even Even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Same Day Availability Funds from the following deposits will be available on the same day we receive the deposit: •Cash deposited in person to one of our employees; •Funds from electronic deposits (ACH) to your account; or •Checks drawn on the Credit Union and deposited in person to one of our employees. Next Day Availability Funds from the following deposits will be available on the first business day after the day of your deposit: •Wire transfers to your account; •U.S. Treasury checks and U.S. Postal money orders that are payable to you; •Federal Reserve Bank and Federal Home Loan Bank checks that are payable to you; •State and local government checks that are payable to you; •Cashier’s, certified, and teller’s checks that are payable to you; or •Checks drawn on the Credit Union and deposited into our night depository receptacle. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. The first $225 200 of your deposit, however, may be available on the first business day after the day of your deposit. Longer Delays May Apply 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 type of check that you deposit, funds will generally be available on the second business day after the day of your deposit. The first $225 200 of your deposit, however, may be available on the first business day. 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 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 business 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. In addition, funds you deposit by check may be delayed for a longer period, and posted to your Regular Savings account under the following circumstances: •We believe a check you deposit will not be paid; •You deposit checks totaling more than $5,525 5,000 on any one day; •You/we redeposit a check that has been returned unpaid; •You have overdrawn your account repeatedly in the last six (6) months; or •There is an emergency such as a natural disaster, failure of computer or communications equipment, or other situations that interrupt the processing of checks. 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 tenth business day after the day of your deposit.

Funds Availability Policy. This policy statement applies to “transaction accounts”. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be considered transaction accounts. Our general policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written and other electronic debits that are presented for payment. For determining the availability of your deposits, every day is a ”business day”, except Saturdays, Sundays and holidays observed by the Credit Union. Our business days are Monday through Friday is a “business day” except Federal HolidaysFriday, excluding New Year’s Day, Xxxxxx Xxxxxx Xxxx, Xx. Day, President’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the Friday after ThanksgivingThanksgiving Day, Christmas EveDay, and on the last weekday preceding Christmas and New Year’s EveDay, and on any day designated for their observance. If you make a deposit at one of our offices before 5:00 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 5:00 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. Remember, even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Same Day Availability Funds from the following deposits will be available on the same day we receive the deposit: •Cash deposited in person to one of our employees; •Funds from electronic deposits (ACH) to your account; or •Checks drawn on the Credit Union and deposited in person to one of our employees. Next Day Availability Funds from the following deposits will be available on the first business day after the day of your deposit: deposit •Wire transfers to your account; •U.S. Treasury checks and U.S. Postal money orders that are payable to you; •Federal Reserve Bank and Federal Home Loan Bank checks that are payable to you; •State and local government checks that are payable to you; •Cashier’s, certified, and teller’s checks that are payable to you; or •Checks drawn on the Credit Union and deposited into our night depository receptacle. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. The first $225 200 of your depositdeposits, however, may will be available on the first business day after the day of your deposit. Longer Delays May Apply 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 type of check that you deposit, funds will generally be available on the second business day after the day of your deposit. The first $225 200 of your depositdeposits, however, may be available on the first business day. 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 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 business 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. In addition, funds you deposit by check may be delayed for a longer period, and posted to your Regular Savings account period under the following circumstances: •We believe a check you deposit will not be paid; •You deposit checks totaling more than $5,525 5,000 on any one day; •You/we redeposit a check that has been returned unpaid; •You have overdrawn your account repeatedly in the last six (6) months; or •There is an emergency such as a natural disaster, failure of computer or communications equipment, or other situations that interrupt the processing of checks. 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 tenth seventh business day after the day of your deposit.

Funds Availability Policy. This policy statement applies to “transaction accounts”. .” Transaction accounts, in general, are accounts which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be considered transaction accounts. Our general policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written and other electronic debits that are presented for payment. For determining the availability of your deposits, Monday through Friday is a “business day” except Federal Holidays, Good Friday, the Friday after Thanksgiving, Christmas Eve, New Year’s Eve, and on any day designated for their observance. If you make a deposit at one of our offices before 5:00 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 5:00 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. Remember, even Even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Same Day Availability Funds from the following deposits will be available on the same day we receive the deposit: •Cash deposited in person to one of our employees; •Funds from electronic deposits (ACH) to your account; or •Checks drawn on the Credit Union and deposited in person to one of our employees. Next Day Availability Funds from the following deposits will be available on the first business day after the day of your deposit: •Wire transfers to your account; •U.S. Treasury checks and U.S. Postal money orders that are payable to you; •Federal Reserve Bank and Federal Home Loan Bank checks that are payable to you; •State and local government checks that are payable to you; •Cashier’s, certified, and tellerxxxxxx’s checks that are payable to you; or •Checks drawn on the Credit Union and deposited into our night depository receptacle. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. The first $225 200 of your deposit, however, may be available on the first business day after the day of your deposit. Longer Delays May Apply 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 type of check that you deposit, funds will generally be available on the second business day after the day of your deposit. The first $225 200 of your deposit, however, may be available on the first business day. 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 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 business 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. In addition, funds you deposit by check may be delayed for a longer period, and posted to your Regular Savings account under the following circumstances: •We believe a check you deposit will not be paid; •You deposit checks totaling more than $5,525 5,000 on any one day; •You/we redeposit a check that has been returned unpaid; •You have overdrawn your account repeatedly in the last six (6) months; or •There is an emergency such as a natural disaster, failure of computer or communications equipment, or other situations that interrupt the processing of checks. 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 tenth business day after the day of your deposit.

Funds Availability Policy. This policy statement applies to “transaction accounts”. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts (Refer to Section V for more information regarding checking accounts). Feel free to ask us whether any of your other accounts might also be considered transaction accounts. Our general policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written and other electronic debits that are presented for payment. For determining the availability of your deposits, every day is a ”business day”, except Saturdays, Sundays and holidays observed by the Credit Union. Our business days are Monday through Friday is a “business day” except Federal HolidaysFriday, excluding New Year’s Day, Xxxxxx Xxxxxx Xxxx, Xx. Day, President’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the Friday after ThanksgivingThanksgiving Day, Christmas EveDay, and on the last weekday preceding Christmas and New Year’s EveDay, and on any day designated for their observance. If you make a deposit at one of our offices before 5:00 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 5:00 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. Remember, even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposityourdeposit. Same Day Availability Funds from the following deposits will be available on the same day we receive the deposit: •Cash • Cash deposited in person to one of our employees; •Funds • Funds from electronic deposits (ACH) to your account; or •Checks • Checks drawn on the Credit Union and deposited in person to one of our employees. Next Day Availability • Funds from the following deposits will be available on the first business day after the day of your deposit: •Wire deposit • Wire transfers to your account; •U.S. • U.S. Treasury checks and U.S. Postal money orders that are payable to you; •Federal • Federal Reserve Bank and Federal Home Loan Bank checks that are payable to you; •State • State and local government checks that are payable to you; •Cashier• Cashier’s, certified, and teller’s checks that are payable to you; or •Checks • Checks drawn on the Credit Union and deposited into our night depository receptacle. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. The first $225 200 of your depositdeposits, however, may will be available on the first business day after the day of your deposit. Longer Delays May Apply 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 type of check that you deposit, funds will generally be available on the second business day after the day of your deposit. The first $225 200 of your depositdeposits, however, may be available on the first business day. day.‌ 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 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 business 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. In addition, funds you deposit by check may be delayed for a longer period, and posted to your Regular Savings account period under the following circumstances: •We • We believe a check you deposit will not be paid; •You • You deposit checks totaling more than $5,525 5,000 on any one day; •You• You/we redeposit a check that has been returned unpaidreturnedunpaid; •You • You have overdrawn your account repeatedly in the last six (6) months; or •There • There is an emergency such as a natural disaster, failure of computer or communications equipment, or other situations that interrupt the processing of checks. 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 tenth seventh business day after the day of your deposit.

Funds Availability Policy. This policy statement applies to “transaction accounts”. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third parties and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be considered transaction accounts. Our general policy is to make funds from your check deposits available to you on the first business day after the day we receive your deposit. Once the funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written and other electronic debits that are presented for payment. For determining the availability of your deposits, Monday through Friday is a “business day” except Federal Holidays, Good Friday, the Friday after Thanksgiving, Christmas Eve, New Year’s Eve, and on any day designated for their observance. If you make a deposit at one of our offices before 5:00 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 5:00 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. Remember, even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. Same Day Availability Funds from the following deposits will be available on the same day we receive the deposit: •Cash deposited in person to one of our employees; •Funds from electronic deposits (ACH) to your account; or •Checks drawn on the Credit Union and deposited in person to one of our employees. Next Day Availability Funds from the following deposits will be available on the first business day after the day of your deposit: •Wire transfers to your account; •U.S. Treasury checks and U.S. Postal money orders that are payable to you; •Federal Reserve Bank and Federal Home Loan Bank checks that are payable to you; •State and local government checks that are payable to you; •Cashier’s, certified, and teller’s checks that are payable to you; or •Checks drawn on the Credit Union and deposited into our night depository receptacle. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. The first $225 200 of your deposit, however, may be available on the first business day after the day of your deposit. Longer Delays May Apply 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 type of check that you deposit, funds will generally be available on the second business day after the day of your deposit. The first $225 200 of your deposit, however, may be available on the first business day. 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 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 business 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. In addition, funds you deposit by check may be delayed for a longer period, and posted to your Regular Savings account under the following circumstances: •We believe a check you deposit will not be paid; •You deposit checks totaling more than $5,525 5,000 on any one day; •You/we redeposit a check that has been returned unpaid; •You have overdrawn your account repeatedly in the last six (6) months; or •There is an emergency such as a natural disaster, failure of computer or communications equipment, or other situations that interrupt the processing of checks. 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 tenth business day after the day of your deposit.