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. If you will need the funds from a deposit right away, you should ask us when the funds will be available. They will generally be available no later than the 7 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. if an emergency condition arises that would not enable us to make the funds available to you, such as the failure of computer or communications equipment.if you have overdrawn your account repeatedly in the last six months or.if you redeposit a check that has been returned unpaid.if you deposit checks totaling more than $5,525 on any one day.if we believe a check you deposit will not be paid.If you will need the funds from a deposit right away, you should ask us when the funds will be available.įunds you deposit by check may be delayed for a longer period under the following circumstances: 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. 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 to you according to the previously stated availability schedule, we will notify you at the time you make your deposit. The first $225.00 of your deposits, however, may be available on the day of 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 according to the previously stated availability schedule. Once the funds are available, you can withdraw them in cash and we will use them to pay checks that you have written. 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. You must make your deposit before the cut-off time in order for it to be considered to have been made on that Business Day.ġ0314 Shawnee Mission Parkway, Shawnee, Kansasġ0950 Parallel Parkway, Kansas City, KansasĪVAILABILITY SCHEDULE. In order to establish that a deposit is made on a particular Business Day, we establish a cut-off time. The term "Business Day" means any day other than a Saturday, Sunday or federally declared legal holiday, and the term "Banking Day" means that part of any Business Day on which we are open to the public for carrying on substantially all of our banking functions. When we delay your ability to withdraw funds, the length of the delay is counted in Business Days from the day of your deposit. 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. When we delay your ability to withdraw funds from a deposit, you may not withdraw the funds in cash, and we will not pay checks you have written on your account by using these funds. The length of the delay varies depending on the type of deposit and is explained below. The term "account" includes any demand deposit, negotiable order of withdrawal account, savings deposit, money market account or other non-time deposit account.ĭETERMINING THE AVAILABILITY OF YOUR DEPOSIT. Our complete policy is summarized below.įor purposes of this disclosure, the terms "you"/"your" refer to the customer and the terms "our"/"we"/"us" refer to Community First Bank. In some cases, we may delay your ability to withdraw funds beyond the first Business Day after the day of deposit.
Funds from electronic direct deposits will be available on the day we receive the deposit. Our general policy is to allow you to withdraw funds deposited in an account on the first Business Day after the day of deposit.
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