Common use of Determining the Availability of a Deposit Clause in Contracts

Determining the Availability of a Deposit. The length of the delay is counted in business days from the date of your deposit. Every day is a business day except Saturdays, Sundays, and federal holidays. If you make a deposit before closing 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 closing or on a day we are not open, we will consider that deposit made on the next business day we are open. The length of the delay varies depending on the type of deposit as explained below. Same - Day Availability Funds from the following deposits are available on the day we receive the deposit: • Funds from electronic direct deposit • U.S. Treasury checks that are payable to you • Checks drawn on Taunton Federal Credit Union • Share drafts of members of Taunton Federal Credit Union • Cash • State and local government checks payable to you • Federal Reserve Bank checks; Federal Home Loan Bank checks; and U.S. Postal Money Orders if these items are payable to you. • Payroll checks • Wire Transfer deposits Next Day Availability Funds from the following deposits are available on the first business day following the day of deposit: • Cashiers, certified and tellers checks payable to you • $225 from other check deposits Longer Delays May Apply Case by Case Delays Funds from other check deposits will be available on the second business day after the day of your deposit. For example, if you deposit a check of $700 on a Monday, $225 is available on Tuesday and the remaining $475 is available on Wednesday. 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. These funds will be available at the time funds from the check we cashed would have been available if you had deposited it. 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 not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check deposited. Safeguard Exceptions Funds you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit may 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 6 months. • There is an emergency such as a failure of computer or communications equipment. We will notify you if we delay availability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. Funds will generally be available no later than the seventh business day after the day of your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits, cash and wire transfers will be available on the day we receive the deposit. Funds from payroll, traveler’s, and federal, state and local government checks and U.S. Postal money orders will be available on the day we receive your deposit, if the deposit meets certain conditions including that the check is payable to you. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. Foreign Checks Checks drawn on financial institutions outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure and are sent for collections prior to deposit in your account. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes to collect the funds from the financial institutions upon which it is drawn and will not be credited to your account until that time. Deposits at Automated Teller Machines/Mobile Deposit Funds from deposits (cash or checks) made before 3:00 pm on any banking day at automated teller machines (ATMs) we own or operate will be considered made on the day of deposit. Funds from deposits (checks) made before 3:00 pm on any banking day through Mobile Deposit will be considered made on the day of deposit. Deposits made after 3:00 pm on any banking day will be considered made on the next banking day. Funds from deposits may not be available for immediate withdrawal. Please refer to the section titled “Determining the Availability of a Deposit” to determine the length of delay for the type of deposit you may be making to the ATM or through Mobile Deposit.

Determining the Availability of a Deposit. The length of the delay is counted in business days from the date day of your deposit. Every day is a business day day, except Saturdays, Sundays, and federal Federal holidays. If you make a deposit in person at one of our branches before closing 5 PM Eastern Time, or before 6 PM Eastern Time for Deposit Express or mobile deposits, on a business day that we are when Esquire Bank is open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing these times or on a day we are not open, we will consider that the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit as and is explained below. Same SAME DAY AVAILABILITY - Day Availability Funds from electronic deposits such as direct deposits of payroll, electronic benefits or via “ACH” will be available on the business day Esquire Bank receives the payment. Cash deposits and wires transfers will also be available on the business day Esquire Bank receives the funds. NEXT DAY AVAILABILITY - Established accounts are eligible for next business day availability for the following items: • US Treasury checks payable to the account holder • Checks drawn on Esquire Bank If you make the deposit in person to one of our employees, funds from the following deposits are available on the day we receive the deposit: • Funds from electronic direct deposit • U.S. Treasury checks that are payable to you • Checks drawn on Taunton Federal Credit Union • Share drafts of members of Taunton Federal Credit Union • Cash • State and local government checks payable to you • Federal Reserve Bank checks; Federal Home Loan Bank checks; and U.S. Postal Money Orders if these items are payable to you. • Payroll checks • Wire Transfer deposits Next Day Availability Funds from the following deposits are also available on the first business day following after the day of your deposit: • CashiersFederal Reserve Bank checks, certified Federal Home Loan Bank checks and tellers checks postal money orders that are payable to the account holder • State or Local Government checks that are payable to the account holder • Travelers Checks that are payable to the account holder • Cashier’s, Certified, Tellers/Official Checks that are payable to the account holder If you • $225 do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from other check deposits Longer Delays May Apply Case by Case Delays Funds from other check these deposits will be available on the second business day after the day of we receive your deposit. For example, if you deposit a check of OTHER CHECKS - The first $700 on a Monday, $225 is available on Tuesday and the remaining $475 is available on Wednesday. If we cash a check for you that is drawn on another bank, we may withhold the availability 200.00 of a corresponding amount day’s total deposits of checks not mentioned above will be made available the next business day after the day of deposit. The remaining funds that are already in your account. These funds from such deposits will be available at the time funds from second business day after the check we cashed would have been available if you had deposited itday of deposit. 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 not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check deposited. Safeguard Exceptions ENTENDED DELAYS MAY APPLY FOR THE FOLLOWING REASONS: Funds you deposit by check may be delayed for a longer period under the following circumstances: . • We believe The bank believes a check you deposit may deposited will not be paid. paid • You deposit deposited checks totaling more than $5,525 5,000.00 on any one day. day • You redeposit re-deposit a check that has been was returned unpaid. unpaid • You have overdrawn your account repeatedly in the last past 6 months. months • There is an emergency emergency, such as a failure of communications or computer or communications equipment. equipment We will notify you if we delay availability your ability to withdraw funds for any of these reasons, reasons and we will tell you when the funds will be available. Funds They will generally be available no later than the seventh (7th) business day after the day of your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits, cash and wire transfers will be available on the day we receive the deposit. Funds from payroll, traveler’s, and federal, state and local government checks and U.S. Postal money orders will be available on the day we receive your deposit, if the deposit meets certain conditions including that the check is payable to you. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. Foreign Checks Checks drawn on financial institutions outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure and are sent for collections prior to deposit in your account. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes to collect the funds from the financial institutions upon which it is drawn and will not be credited to your account until that time. Deposits at Automated Teller Machines/Mobile Deposit Funds from deposits (cash or checks) made before 3:00 pm on any banking day at automated teller machines (ATMs) we own or operate will be considered made on the day of deposit. Funds from deposits (checks) made before 3:00 pm on any banking day through Mobile Deposit will be considered made on the day of deposit. Deposits made after 3:00 pm on any banking day will be considered made on the next banking day. Funds from deposits may not be available for immediate withdrawal. Please refer to the section titled “Determining the Availability of a Deposit” to determine the length of delay for the type of deposit you may be making to the ATM or through Mobile Deposit.

Determining the Availability of a Deposit. The length of the delay is counted in business days from the date day of your our deposit. Every For the purposes of this Section of this Agreement and Disclosure, every day is a business day except Saturdays, Sundays, and federal holidays. If you make youmake a deposit before closing depositbeforetheclose ofbusiness on a business day that we are openareopen, we will consider that willconsiderthat day to be the day of your deposit. ofyourdeposit.However, if you make ifyoumake a deposit after closing or on depositaftertheclose ofbusiness oron a day we are not opennotopen, we will consider that deposit made willconsiderthatthe depositwasmade on the next business day thenextbusinessday we are open. The length areopen.Thelength of the delay varies depending thedelayvariesdepending on the type of deposit as and is explained below. Same - If you are unsure about when a particular deposit will be available for withdrawal, please ask us. Same-Day Availability Funds from the following electronic direct deposits are to your account will be available on the day we receive the deposit: • Funds from electronic direct . In general, $200 of a deposit • U.S. Treasury checks that are payable to you • Checks drawn is available for withdrawal in cash on Taunton Federal Credit Union • Share drafts the first (1st) business day after the day of members of Taunton Federal Credit Union • Cash • State and local government checks payable to you • Federal Reserve Bank checks; Federal Home Loan Bank checks; and U.S. Postal Money Orders if these items are payable to youdeposit. • Payroll checks • Wire Transfer deposits Next Next-Day Availability Funds from the following deposits are available on the first business day following after the day of your deposit: • Cashiers, certified and tellers U.S. Treasury checks that are payable to you • $225 Wire transfers • Checks drawn on American First Credit Union If you make the deposit in person to one of our employees, funds from other check the following deposits Longer Delays May Apply Case by Case Delays Funds are also available on the first business day after the day of your deposit: • Cash • State and local government checks that are payable to you • Corporate, certified, and xxxxxx’s checks that are payable to you • Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if these items are payable to you If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from other check these deposits will be available on the second business day after the day of your we receiveyour deposit. For example, if you deposit a check of $700 on a Monday, $225 is available on Tuesday and the remaining $475 is available on Wednesday. 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. These funds will be available at the time funds from the check we cashed would have been available if you had deposited it. 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 not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check deposited. Safeguard Exceptions Longer Delays May Apply Funds you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit may 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 6 months. • There is an emergency such as a failure of computer or communications equipment. We will notify you if we delay availability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. Funds will generally be available no later than the seventh business day after the day of your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits, cash and wire transfers will be available on the day we receive the deposit. Funds from payroll, traveler’s, and federal, state and local government checks and U.S. Postal money orders will be available on the day we receive your deposit, if the deposit meets certain conditions including that the check is payable to you. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. Foreign Checks Checks drawn on financial institutions outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure and are sent for collections prior to deposit in your account. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes to collect the funds from the financial institutions upon which it is drawn and will not be credited to your account until that time. Deposits at Automated Teller Machines/Mobile Deposit Funds from deposits (cash or checks) made before 3:00 pm on any banking day at automated teller machines (ATMs) we own or operate will be considered made on the day of deposit. Funds from deposits (checks) made before 3:00 pm on any banking day through Mobile Deposit will be considered made on the day of deposit. Deposits made after 3:00 pm on any banking day will be considered made on the next banking day. Funds from deposits may not be available for immediate withdrawal. Please refer to the section titled “Determining the Availability of a Deposit” to determine the length of delay for the type of deposit you may be making to the ATM or through Mobile Deposit.:

Determining the Availability of a Deposit. The length of the delay is counted in business days from the date day of your deposit. Every day is a business day except SaturdaysSaturday, Sundays, Sunday and federal holidays. If Generally, if you make a deposit before closing on at a branch during normal business day hours that we are open, we will consider that day to be the day of your deposit (Branches business hours may vary depending on location. Please contact the specific branch for its business hours.) Deposits made through our ATMs must be done so before 2:00 p.m. Monday through Friday, on a business day that we are open to be considered that day to be the day of your deposit. However, if you make a deposit after closing these times, or on a day we are not open, we will consider that the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit as explained below. Same - Next Day Availability Funds from the following deposits (deposited in person to a Proponent employee and into payee’s account) are available on the 1st business day after the day we receive the of deposit: • Funds from electronic direct deposit • > U.S. Treasury checks that are payable to you • you. > Automated Clearinghouse (ACH) and Wire transfers, including preauthorized credits, such as Social Security benefits and electronic payroll payments (ACH is available same day under NACHA rules). > Checks drawn on Taunton Federal Credit Union • Share drafts of members of Taunton Federal Credit Union • Cash • State Proponent > Federal, state and local government checks that are payable to you • you. > Cashiers’, certified, and tellers’ checks that are payable to you. > Federal Reserve Bank checks; , Federal Home Loan Bank checks; , and U.S. Postal Service Money Orders Orders, if these items are payable to you. • Payroll checks • Wire Transfer deposits Please note the emphasis on U.S. Postal Service Money Order as these are the only money orders that are considered Next Day Availability Funds from items. If the following deposits are available on money order is not a U.S. Postal Service Money Order, then the first business day following the day of deposit: • Cashiers, certified and tellers checks payable to you • $225 from other check deposits Longer Delays May Apply Case by Case Delays Funds from other check deposits funds will be available on the second business day after the day of your deposit. For exampleLonger Delays May Apply In some cases, if we will not make all of the funds you deposit a check available to you on the first business day after the day of $700 your deposit. Depending on a Monday, $225 is available on Tuesday and the remaining $475 is available on Wednesday. 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. These funds will be available at the time funds from the check we cashed would have been available if you had deposited it. 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 not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check deposited. Safeguard Exceptions Funds that you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit deposit, funds may not be paidavailable until the second business day after the day of your deposit. • You deposit checks totaling more than The first $5,525 225 of the aggregate deposits, however, will be available on any one the first business day. • You redeposit a check that has been returned unpaid. • You have overdrawn If we are not going to make all of the funds from your account repeatedly in deposit available on the last 6 months. • There is an emergency such as a failure of computer or communications equipmentfirst business day, we will notify you at the time you make your deposit. We will notify you if we delay availability to withdraw funds for any of these reasons, and we will also tell you when the funds will be available. Funds 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 generally be available no later than mail you the seventh business notice by the day after the day of 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. Special Rules In addition, funds you deposit by check may be delayed for New Accounts If you are a new member, longer period under the following special rules will apply during the first circumstances: > New Account (opened for 30 days or less) > We believe a check you deposit 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; and/or > There is openan emergency, such as, but not limited to, failure of computer or communications equipment. Funds from electronic direct depositsWe will notify you if we delay your ability to withdraw funds for any of these reasons, cash and wire transfers we will tell you when the funds will be available on the day we receive the depositavailable. Funds from payroll, traveler’s, and federal, state and local government checks and U.S. Postal money orders They will generally be available on no later than the day we receive your deposit, if the deposit meets certain conditions including that the check is payable to you. Funds from all other check deposits will be available on the ninth seventh business day after the day of your deposit. Foreign Checks Checks drawn on financial institutions outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure and are sent for collections prior to deposit in your account. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes to collect the funds from the financial institutions upon which it is drawn and will not be credited to your account until that time. Deposits at Automated Teller Machines/Mobile Deposit Funds from deposits (cash or checks) made before 3:00 pm on any banking day at automated teller machines (ATMs) we own or operate will be considered made on the day of deposit. Funds from deposits (checks) made before 3:00 pm on any banking day through Mobile Deposit will be considered made on the day of deposit. Deposits made after 3:00 pm on any banking day will be considered made on the next banking day. Funds from deposits may not be available for immediate withdrawal. Please refer to the section titled “Determining the Availability of a Deposit” to determine the length of delay for the type of deposit you may be making to the ATM or through Mobile Deposit.

Determining the Availability of a Deposit. The length of the delay is counted in business days from the date day of your deposit. Every day is a business day except Saturdays, Sundays, and federal holidays. If you make a deposit before closing in person to a teller at a Columbia branch 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 closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit. DEPOSITS AT AUTOMATED TELLER MACHINES Deposits may only be made at ATMs owned and operated by Columbia Bank, and located at a Columbia Bank branch. All ATMs that we own or operate are identified as our machines. If you make a deposit as explained at an ATM before 4:00 PM on a business day we are open, we will consider that day to be the day of your deposit. If you make a deposit at an ATM after 4:00 PM on a business day we are open or at any time on a non-business day, we will consider that the deposit was made on the next business day we are open. Funds from deposits of all other items will be governed by the rules below. Same - Day Availability AVAILABILITY OF DEPOSITS SAME DAY AVAILABILITY Funds from the following electronic direct deposits are will be available on the day we receive the deposit: • . Funds from electronic direct deposit • U.S. Treasury cash, checks that are payable to you • Checks drawn on Taunton Federal Credit Union • Share drafts Columbia Bank and funds from wire transfers received for deposit at Columbia branches will be available for withdrawal at Columbia branches on the business day we receive the deposit. NEXT DAY AVAILABILITY The following paragraphs describe deposits which receive next day availability. Certain circumstances may cause additional delays to the availability of members these funds. Please refer to the section titled “Longer Delays May Apply.” Funds from cash and checks drawn on Columbia Bank deposited prior to 4:00 PM on a business day at ATMs owned and operated by us will be available on the first business day after the day of Taunton Federal Credit Union • Cash • State and local government checks payable to you • Federal Reserve Bank checks; Federal Home Loan Bank checks; and U.S. Postal Money Orders if these items are payable to youyour deposit. • Payroll checks • Wire Transfer deposits Next Day Availability Funds from the following deposits are available on the first business day following after the day of your deposit: • Cashiers, certified and tellers Traveler’s Checks • U. S. Treasury checks that are payable to you. • If you make the deposit in person to one of our employees, funds from the following deposits are also available on the first business day after the day of your deposit: • New Jersey State and Local Government checks that are payable to you. • Cashier’s, certified, and xxxxxx’s checks that are payable to you. • Federal Reserve Bank checks, Federal Home Loan Bank checks, and U.S. Postal Service money orders, if these items are payable to you. OTHER CHECK DEPOSITS All Other Check Deposits Not Covered Above When Funds Are Available When Funds Are Available If A Deposit Is Made On A Monday $225 from other check deposits Longer Delays May Apply Case by Case Delays Funds from other check deposits will be available 200 on the first business day after the day of your deposit. Tuesday Remaining funds on the second business day after the day of your deposit. For example, if deposit Wednesday Foreign Checks Upon Collection Upon Collection If you deposit from a check combination of $700 on a Mondaycategories of checks, $225 is 200 from the checks will be available on Tuesday and the remaining first business day after the day of your deposit, not $475 is available on Wednesday200 from each category of checks. 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. These Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. 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 not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. Safeguard Exceptions LONGER DELAYS MAY APPLY: Funds you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit may will not be paid. • You deposit checks totaling more than $5,525 5,000 on any one day. • You redeposit a check that has been returned unpaid. • You have overdrawn your account repeatedly in the last 6 six months. • There is an emergency emergency, such as a failure of communications or computer or communications equipment. We will notify you if we delay availability your ability to withdraw funds for any of these reasons, reasons and we will tell you when the funds will be available. Funds They will generally be available no later than the seventh fifth business day after the day of your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits, cash and wire transfers will be available on the day we receive the deposit. Funds from payroll, traveler’s, and federal, state and local government checks and U.S. Postal money orders will be available on the day we receive your deposit, if the deposit meets certain conditions including that the check is payable to you. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. Foreign Checks Checks drawn on financial institutions outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure and are sent for collections prior to deposit in your account. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes to collect the funds from the financial institutions upon which it is drawn and will not be credited to your account until that time. Deposits at Automated Teller Machines/Mobile Deposit Funds from deposits (cash or checks) made before 3:00 pm on any banking day at automated teller machines (ATMs) we own or operate will be considered made on the day of deposit. Funds from deposits (checks) made before 3:00 pm on any banking day through Mobile Deposit will be considered made on the day of deposit. Deposits made after 3:00 pm on any banking day will be considered made on the next banking day. Funds from deposits may not be available for immediate withdrawal. Please refer to the section titled “Determining the Availability of a Deposit” to determine the length of delay for the type of deposit you may be making to the ATM or through Mobile Deposit.

Determining the Availability of a Deposit. The length of the any delay is counted in business days Business Days from the date day of your deposit. Every day is a business day Business Day except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we Business Daywe are openopen by 3:00 PM Easternor any applicable later cutoff time described in the “Cutoff Times” subsection of this Agreement, we will generally consider that day Business Day to be the day of your deposit. However, if you make a deposit after closing 3:00 PM Eastern or any applicable later cutoff time described in the “Cutoff Times” subsection of this Agreement or on a day we are not open, we will generally consider that the deposit made on the next business day Business Day we are open. The length of the delay varies depending on the type of deposit as and is explained below. Same - Same-Day Availability Funds from the following deposits are available generallyavailable on the day Business Day we receive the deposit: • Funds Electronic Direct Deposits initiated by a third party (not by or through us) • EFT’s from electronic direct deposit • U.S. Treasury checks that are payable to you • Checks drawn on Taunton Federal Credit Union • Share drafts another account of members of Taunton Federal Credit Union • Cash • State and local government checks payable to you • Federal Reserve yours at American Express National Bank checks; Federal Home Loan Bank checks; and U.S. Postal Money Orders if these items are payable to you. • Payroll checks • Wire Transfer deposits Next Next-Day Availability Funds from the following deposits are generally available on the first business day following Business Day after the day of your deposit: • Cashiers, certified and tellers U.S. Treasury checks payable to you your business • Checks drawn on American Express National Bank • The first $225 from other of the total of any check deposits Longer Delays May Apply Case by Case Delays Funds not described above • Wire transfers Second Business Day Availability Any remaining funds from other check deposits to your Account not otherwise described above will be generallybe available on the second business day Business Day after the day of your deposit. For example, if you deposit a check of $700 on a Monday, $225 is available on Tuesday and the remaining $475 is available on Wednesday. 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 Fifth Business Day Availability Funds from electronic deposits to your account. These funds will be available at the time funds from the check we cashed would have been available if you had deposited it. 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 Account that you have on deposit in another initiated through us from an external account with us. The funds in the other account would then not of your business will generally be available for withdrawal until on the time periods that are described elsewhere in this disclosure for fifth Business Day after the type of check depositedrelated electronic funds transfer is processed by us. Safeguard Exceptions Longer Delays May Apply to Certain Check Deposits Funds you deposit deposited by check may be delayed for a longer period under any of the following circumstances: • We believe a check you deposit may will not be paid. paid • Your Account has been overdrawn repeatedly in the last six (6) months • There is an emergency, such as failure of computer or communications equipment • You deposit checks totaling more than $5,525 on any one day. day (see Important- Notice of Hold for Large Check Deposits, below) • You redeposit a check that has been returned unpaid. • You have overdrawn unpaid (see Important- Notice of Hold for Redeposited Checks, below) Except for your account repeatedly in deposit of checks totaling more than $5,525 on any one day, if we delay the last 6 months. • There is an emergency availability of funds deposited by check for any of the other reasons above, such as a failure funds will generally be available no later thanthe seventh Business Day after the day of computer or communications equipmentyour deposit. We will notify you if we delay availability your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. Funds will generally be available no later than the seventh business day after the day of your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits, cash and wire transfers will be available on the day we receive the deposit. Funds from payroll, traveler’s, and federal, state and local government checks and U.S. Postal money orders will be available on the day we receive your deposit, if the deposit meets certain conditions including that the check is payable to you. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. Foreign Checks Checks drawn on financial institutions outside the U.S. three (foreign checks3) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure and are sent for collections prior to deposit in your account. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes to collect the funds from the financial institutions upon which it is drawn and will not be credited to your account until that time. Deposits at Automated Teller Machines/Mobile Deposit Funds from deposits (cash or checks) made before 3:00 pm on any banking day at automated teller machines (ATMs) we own or operate will be considered made on the day of deposit. Funds from deposits (checks) made before 3:00 pm on any banking day through Mobile Deposit will be considered made on the day of deposit. Deposits made after 3:00 pm on any banking day will be considered made on the next banking day. Funds from deposits may not be available for immediate withdrawal. Please refer to the section titled “Determining the Availability of a Deposit” to determine the length of delay for the type of deposit you may be making to the ATM or through Mobile Depositreasons listed above.