Funds Availability Disclosure

Your Ability To Withdraw Funds

This policy statement applies to all deposit transaction accounts.
Our policy is to make funds from your cash and check 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 the funds are available, you can withdraw them in cash and we will use the funds to
pay checks that you have written.
Please remember that even after we have made funds available to you, and you have withdrawn the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.
For determining the availability of your deposits, every day is a business day, except Saturdays,
Sundays, and federal holidays. If you make a deposit after 4:00 P.M. Eastern Time or on a day we are
not open, we will consider that the deposit was made on the next business day we are open.

Longer Delays May Apply

Case-by-case delays. 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 second business day after the day of your deposit.
The first $225 of your deposits, 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 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.
Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period
under the following circumstances:

  • We believe a check you deposited will not be paid
  • You deposit checks totaling more than $5,525 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 computer or communications equipment

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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.

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 $5,525 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 (and you may have to use a special deposit slip). The excess over
$5,525 will be available on the seventh 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 seventh business day of your deposit.

Holds on Other Funds (Check Cashing)

If we cash a check for you that is drawn on another bank, we may withhold the availability of a
corresponding amount of funds that are already in your account. Those funds will be available at
the time funds from the check we cashed would have been available if you had deposited it.

Holds on Other Funds (Other Account)

If we accept for deposit a check that is drawn on another bank, we may make funds from the
deposit available for withdrawal immediately but delay your availability to withdraw a
corresponding amount of funds that you have on deposit in another account with us. The funds
in the other account would then no longer be available for withdrawal until the time periods that
are described elsewhere in this disclosure for the type of check that you deposited.