![]() If your deposit of these checks (other than a U.S. The excess over $5,000 will be available on the ninth business day after the day of your deposit. For example, the checks must be payable to you. 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. If you are a new customer, the following special rules will apply during the first 30 days your account is open:įunds from electronic direct deposits to your account will be available on the day we receive the deposit. 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. If we accept for deposit a check that is drawn on another financial institution, 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. 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 cash a check for you that is drawn on another financial institution, we may withhold the availability of a corresponding amount of funds that are already in your account. They will generally be available no later than the seventh business day after the day of your deposit. 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. * There is an emergency, such as failure of computer or communications equipment. ![]() * We believe a check you deposit will not be paid. * You have overdrawn your account repeatedly in the last six months. * You redeposit a check that has been returned unpaid. * You deposit checks totaling more than $5,000 on any one day. We may delay your ability to withdraw funds deposited by check into your account an additional number of days for these reasons: If you need the funds from a deposit right away, you should ask us 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 business day after we receive your deposit. We will also tell you when the funds will be available. 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. The first $200 of your deposit, however, may be available 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. 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. Friday or on a day we are not open, we will consider that the deposit was made on the next business day we are open. However, if you make a deposit after 5:00 p.m. Friday on a business day that we are open, we will consider that day to be the day of your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. Once the funds are available, you can withdraw them in cash and/or we will use them to pay checks that you have written. ![]() However, funds from electronic direct deposits will be available on the day we receive the deposit. 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. YOUR ABILITY TO WITHDRAW FUNDS AT THE FIRST NATIONAL BANK OF MOUNT DORA. This disclosure contains information about your ability to withdraw funds at The First National Bank of Mount Dora.
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