Transaction Posting Times and Funds Availability. Our Funds Availability Policy is disclosed in our Account Rules and Regulations disclosure under the section titled “When Funds Are Available for Withdrawal.” The “beginning balance,” “available balance,” “current balance,” and “overdraft transfer balance” are displayed online on the Account Detail screen for each of your share/deposit accounts. These balances are defined in the Account Rules and Regulations under the section titled “Account Balance and Posting Order.” These various balances displayed for any of your accounts may show the same or a different amount depending on our posting procedures for the different types of transactions and recent transaction activity on your account. The available balance provides the most up-to-date information about funds available to you to pay items from a particular account; however, even your available balance may not reflect every transaction, or the final amount of any transaction, you initiated or authorized. Transfers you make online between your share/deposit accounts will be reflected immediately in the current balance and available balance fields for both the “transfer-from” and “transfer-to” accounts. Such transfers increase or reduce (as applicable) the available balance in each account immediately. However, transfers will not actually post to the accounts at that time and will not show in the transaction history for the respective accounts until after end-of-day posting. Payments you make online to your Credit Union credit accounts (mortgage loans, personal loans, lines of credit and credit card accounts – your “payment-to” accounts) from your deposit and share accounts generally take one business day to post to (or be reflected on) your payment-to accounts; however, these payments are credited to your payment-to accounts effective the business day on which the payments are actually made as long as you initiate the payment during that business day’s business hours. Payments reduce the balance, and are reflected immediately, on your payment-from account. It is your responsibility to monitor your accounts to ensure that you always have sufficient available funds to cover items you initiate along with any potential resulting charges. By maintaining accurate records of your deposits and withdrawals, you are in the best position to ensure that your account has sufficient funds available to cover each item presented for payment against the account. Keep in mind that the order in which we receive, process and ...
