Funds Availability Policy. Your Ability To Withdraw Funds. Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written. Determining the Availability of a Deposit. The length of the delay is counted in business days from the day 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 the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit and is explained below. Same-Day Availability. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Next-Day Availability. Funds from the following deposits are available on the first (1st) business day after the day of your deposit: • U.S. Treasury checks that are payable to you. • Wire transfers. • Checks drawn on us. If you make the deposit in person to one of our employees, funds from the following deposits are also available on the first (1st) business day after the day of your deposit: • Cash. • 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 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 these deposits will be available on the second (2nd) business day after the day we receive your deposit.
Funds Availability Policy. Information contained in this section is provided to assist you in understanding our Funds Availability Policy. All deposits into accounts opened through the Bank are processed at a Bank processing facility. We make funds available according to the type of deposit and when the funds are applied, or credited to the Account. Some types of deposits may not be available for immediate use. When we delay the availability of funds or place a hold on a deposit made to the Account, you may not withdraw those funds, and we will not use them to pay any debits, such as ACH transfers or payments, Bill Pay transactions or transactions using your Card during the hold period. We have the right to refuse any deposit. If final payment is not received on any item you have deposited into the Account, or if any direct deposit, ACH transfer credit is returned to us for any reason, you agree to pay us the amount of the returned item.
Funds Availability Policy. This policy applies only to checking accounts. Deposits to other types of accounts may be subject to longer holds at our discretion.
Funds Availability Policy. 1. General Funds Availability Policy 2. Reservation of Right to Hold 3. Holds on Other Funds
Funds Availability Policy. We may hold the availability of funds from your cash and check deposits in accordance with statu- tory limits. During the hold period, you may not withdraw the funds, and we will not use the funds to pay checks that you have written.
Funds Availability Policy. Your available balance may be lower than your actual balance due to funds held for debit card transactions you have authorized, and deposited checks held pursuant to our funds availability policy. You can view your available balance through Online Banking to avoid an overdraft. Transactions may not be presented in the order which they occurred, and the order in which checks, or items are received and processed may affect if an overdraft occurs. WECU processes checks and ACH items and credits in the chronological order they are received.
Funds Availability Policy. Our Funds Availability Policy describes when funds deposited to your checking Account will be made available to you. While we generally apply the same policy to deposits you make to your savings Account, please keep in mind that this Funds Availability Policy does not apply to these deposits and we may delay availability of funds from these types of deposits. Checks drawn on a foreign bank and/or payable in a foreign currency are not subject to this Funds Availability Policy and may be subject to Holds.
Funds Availability Policy. Our policy for all transaction accounts is to make funds from your cash deposits, electronic direct deposits, government, cashier’s, certified, and teller’s checks (made payable to you) available on the day we receive them, and check deposits available to you on or before the second business day after the day we receive your deposit. The first $200 of your deposit will be available the next business day. 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 the close of business on a business day that we are open, we will consider that day to be the day of your deposit. For deposits made after we close, or on a day we are not open, we will consider that the deposit was made on the next business day we are open.
Funds Availability Policy. 1. GENERAL FUNDS AVAILABILITY POLICY – Funds from cash deposits, wire transfers, and certain check deposits (such as Treasury checks and cashiers checks) will generally be made available for withdrawal by the business day after the banking day of deposit. At that time, funds may be used as needed. For determining the availability of your deposits, everyday is a business day, except weekends and federal holidays. Deposits made after closing, or on a non business day, will be considered deposited on the next business day.
Funds Availability Policy. 1. General Policy. For savings accounts, we reserve the right to place reasonable holds on deposits to the extent permitted by law. For checking accounts, our policy is to make your deposits available on the first business day that we receive your deposit funds, subject to the following terms and conditions. Electronic direct deposit funds will be available on the day when 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, electronic withdrawals, ATM and POS withdrawals. For determining when your deposits are available, every day is a business day except Saturdays, Sundays and federal holidays. If you make a deposit before 5:30 p.m. at a branch office or noon at Credit Union ATMs 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 5:30 p.m. at a branch office or noon at Credit Union ATMs, or on a day we are not open, we will consider the deposit was made on the next business day we are open.
