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Disponibilidad de Fondos

Disponibilidad de Fondos

Nuestra póliza consiste en el retraso de la disponibilidad de dinero en efectivo o en cheque. Durante la retención, usted no podrá retirar los fondos en efectivo y el dinero no será usado para pagar retiros a utomáticos o cheques que usted haya escrito. Todos los retiros de más de $500 son realizados en cheques, no efectivo.

Determinando la Disponibilidad de un Depósito

La duración de la retención es contada en días laborales desde el día de su depósito. Cada día es contado como un día laboral a excepción de Sábados, Domingos y feriados. Si usted hace un depósito antes de las 10:00 am, en un día

If you make a deposit before 10:00 a.m. 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 10:00 a.m. 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.

Disponibilidad en el mismo día

Fondos de depositos directos en su cuenta estarán disponibles el día en el que recibimos su depósito.

Fondos de los siguientes depósitos estarán disponibles en el primer día laboral en el que lo deposite.

  • Cheques del U.S. Treasury que esten pagaderos a usted.
  • Tranferencias electrónicas.
  • Cheques del Syracuse Cooperative FCU.

Si usted hace el depósito en persona a alguno de nuestros empleados, fondos de los siguientes depósitos están también disponibles en el primer día laboral desde que realiza el depósito:

  • Efectivo.
  • Cheques locales y estatales del gobierno que sean pagaderos a usted llenando uno de los formularios de depósitos disponibles en nuestras oficinas.
  • Cheques de Cajero o cheques certificados que sean pagaderos a usted usando uno de nuestros formularios de depósitos para realizar la transacción.
  • Cheques del Banco de Reserva, Cheques de préstamo para Casa, y 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 business day after the day we receive your deposit.

Other Check Deposits

The delay for other check deposits depends on whether the check is a local or a nonlocal check. To see whether a check is a local or a nonlocal check, look at the routing number on the check:

If the first four digits of the routing number (1234 in the examples above) are 0210, 0212, 0214, 0215, 0216, 0219, 0260, 0280, 2212, 2214, 2215, 2216, 2219, 2260, 0213, 0220, 0223, 2213, 2220, or 2223, then the check is a local check. Otherwise, the check is a nonlocal check. Some checks are marked "payable through" and have a four- or nine-digit number nearby. For these checks, use the four-digit number (or the first four digits of the nine-digit number), not the routing number on the bottom of the check, to determine if these checks are local or nonlocal. Our policy is to make funds from local and nonlocal checks available as follows.

1. Local checks. The first $100 from a deposit of local checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit.

For example, if you deposit a local check of $700 before 10:00 a.m. on a Monday, $100 of the deposit is available on Tuesday. The remaining $600 is available on Wednesday. If you deposit a local check of $700 on a Monday, but after 10:00 a.m., $100 of the deposit is available on Wednesday. The remaining $600 is available on Thursday.

2. Nonlocal checks. The first $100 from a deposit of nonlocal checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the third business day after the day of your deposit.

For example, if you deposit a $700 nonlocal check before 10:00 a.m. on a Monday, $100 of the deposit is available on Tuesday. The remaining $600 is available on Thursday. If you deposit a $700 nonlocal check on a Monday, but after 10:00 a.m., $100 of the deposit is available on Wednesday. The remaining $600 is available on Friday.

3. Local and nonlocal checks. If you deposit both categories of checks, $100 from the checks will be available on the first business day after the day of your deposit, not $100 from each category of check.

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 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 computer or communications equipment.

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 ninth business day after the day of your deposit.

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 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.

Holds on Other Funds (Other Account)

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. 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.

Holds on Other Funds (Check Cashing)

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. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

Cash Withdrawal Limitation

We place certain limitations on withdrawals in cash. In general, of a member's funds available for withdrawal on a given day, a total of $500 is available in cash at or after 10:00 a.m. on that day. Any remaining funds available for withdrawal may be withdrawn by check, or will be available in cash on the following business day up to the $500 limit, and so on.

Member Responsibility

When funds from a deposit are made available to you and are withdrawn, you are responsible for any problems with the deposit, such as checks that were deposited being returned unpaid.

Questions

We welcome any further questions that you may have regarding the availability of your deposited funds. You may reach us by phone at (315) 471-1116 if you have a question about a deposit.

Important Information About Draft Checking Accounts

Your Draft Checking Account is federally insured by the NCUA, up to $100,000. per account. NCUA insurance is backed by “the full faith and credit” of the United States. The credit union is committed to keeping fees as low as we are able. Your Draft Checking Account does not earn dividends. Members with these accounts will be notified of any adverse changes in fees in writing 30 days in advance.

Statutory Lien Notice: If you are in default on a financial obligation to us, federal law gives us the right to apply the balance of shares and dividends in your account(s) at the time of default to satisfy that obligation. Once you are in default, we may exercise this right without further notice to you.

C–5— Holds to Statutory Limits on All Deposits. Approved by board 8/24/2004