Effective July 1, 2025, as required by Regulation CC, the dollar amount thresholds relating to our Funds Availability Disclosure are changing. These changes include the minimum amount of deposited funds that financial institutions must make available for withdrawal for certain deposit types. These changes do not apply to remotely deposited checks, for which the Timeliness schedule is separately disclosed within our Terms and Conditions for Online and Mobile Banking Services disclosure.

What is Regulation CC?

Regulation CC sets forth the requirements that the Bank must make funds deposited into transaction accounts available according to specified time schedules and we disclose this in our Funds Availability Disclosure.

Funds Availability Disclosure – Change in Terms

Changes:

Case-by-Case Delays: 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. 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. The first $275 (previously $225) of your deposits, however, will be available on the first business day.

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. We will also tell you 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 day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard Exceptions: In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: (1) We believe a check you deposit will not be paid. (2) You deposit checks totaling more than $6,725 (previously $5,525) on any one day. (3) You redeposit a check that has been returned unpaid. (4) You have overdrawn your account repeatedly in the last six months. (5) There is an emergency, such as failure of computer or communications equipment.

Special Rules for New Accounts: If you are a new customer, 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 $6,725 (previously $5,525) 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 $6,725 (previously $5,525) 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 $6,725 (previously $5,525) 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 9th business day after the day of your deposit.

If you have any questions about these changes, please contact your local branch or contact our Customer Service Number (888-797-7711). We will be happy to assist you.