|
All Checks deposited into a debit account are
subject to a Reg CC check hold. The credit union policy regarding
check holds is as follows:
| |
LOCAL (L) |
NON-LOCAL (O) |
| Check is less than $5,000 |
2 BUSINESS DAYS |
5 BUSINESS DAYS |
| $ > $5,000 |
2 BUSINESS DAYS 1st $5,000 |
5 BUSINESS DAYS 1st $5,000 |
| |
5 additional BUSINESS DAYS (excess money) |
6 additional BUSINESS DAYS( excess money) |
| EXTENDED HOLDS |
7 BUSINESS DAYS |
11 BUSINESS DAYS |
*Up to $100 is immediately available for withdrawal.
Extended Holds on
the following Checks:
| Re-Deposited Checks |
Accounts with excessive overdrafts |
| Negative Accounts |
Suspicious Checks |
| New Accounts (1st 30 Days) |
3rd Party Checks |
No
Holds on the following Checks:
School District Checks |
Certified Checks |
SEG Payroll Checks |
Cashier Checks |
Federal Checks |
Teller Checks |
State Checks |
"On Us" Checks |
Post Office Money Orders |
Federal Reserve Bank Checks |
Local Government Checks |
Federal Home Loan Bank Checks |
Wire and ACH Transfers |
Utility Checks |
U.S. Treasury Checks |
|
2 business day hold on In Federal District checks.
(L)
5 business day hold on Out of Federal
District checks. (O)
Note: Business days exclude day of deposit.
|
