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Our policy 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 Saturdays, Sundays
and federal holidays. If you make a deposit before 5:00 PM 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 PM or a day we are not open, we will consider that the deposit
made on
the next business day we are open.
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
may not be available until the fifth business day after the day of your
deposit. However, the first $100 of your deposits will be
available on the first business day.
If we are not going to make all
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 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.
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 $5,000 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
failure of our communication or computer equipment.
We will notify you if we delay
your ability to withdraw funds for any reasons, and we will tell you
when the funds will be available. They will generally be available
no later than the 9th business day after the day of your deposit.
Special rules for new accounts
If you are a new customer, the following special rules will apply
during the first 30 days your account is open.
Funds from electronic direct
deposits to your account will be available on the day we receive the
deposit. Funds from deposits of cash, wire transfers, and the
first $5,000 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 (and you may have to use a special deposit slip).
The excess over $5,000 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 $5,000 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 ninth business day after the day of
your deposit.
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