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Your
Deposit Account
TERMS AND
CONDITIONS
OF YOUR ACCOUNT
AGREEMENT - This document,
along with any other documents we give you pertaining to your account(s), is a
contract that establishes rules which control your account(s) with us. Please
read this carefully. If you sign the signature card or open or continue to have
your account with us, you agree to these rules. You will receive a separate
schedule of rates, qualifying balances, and fees if they are not included in
this document. If you have any questions, please call us. This agreement is
subject to applicable federal laws and the laws of the state of Wisconsin
(except to the extent that this agreement can and does vary such rules or laws).
The body of state and federal law that governs our relationship with you,
however, is too large and complex to be reproduced here. The purpose of this
document is to:
-
summarize some laws that apply
to common transactions;
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establish rules for certain
transactions or events which the law regulates but permits variation by
agreement; and
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give you disclosures of some of
our policies to which you may be entitled or in which you may be interested.
If any provision of this document is
found to be unenforceable according to its terms, all remaining provisions will
continue in full force and effect. We may permit some variations from our
standard agreement, but we must agree to any variation in writing either on the
signature card for your account or in some other document.
As used in this document the words
"we," "our," and "us" mean the financial
institution and the words "you" and "your" mean the account
holder(s) and anyone else with authority to deposit, withdraw, or exercise
control over the funds in the account. The headings in this document are for
convenience and reference only and will not govern the interpretation of the
provisions. Unless it would be inconsistent to do so, words and phrases used in
this document should be construed so the singular includes the plural and the
plural includes the singular. "Party" means a person who, by the terms
of an account, has a present right, subject to request, to payment from the
account other than as an agent. A beneficiary of a P.O.D. account is a party
only after the account becomes payable to them by reason of their surviving the
original payee. A minor may be a party to an account, subject to withdrawal
restrictions of Wisconsin law. Unless the context indicates otherwise,
"party" includes a guardian, conservator, personal representative, or
assignee, including an attaching creditor, of a party.
LIABILITY - You agree, for yourself (and the person or entity you
represent if you sign as a representative of another) to the terms of this
account and the schedule of charges. You authorize us to deduct these charges
directly from the account balance as accrued. You will pay any additional
reasonable charges for services you request which are not covered in this
agreement.
Each of you also agrees to be jointly and severally (individually) liable for
any account shortage resulting from charges or overdrafts, whether caused by you
or another with access to this account. This liability is due immediately, and
can be deducted directly from the account balance whenever sufficient funds are
available. You have no right to defer payment of this liability, and you are
liable regardless of whether you signed the item or benefited from the charge or
overdraft. This includes liability for our costs to collect the deficit
including, to the extent permitted by law, our reasonable attorneys' fees.
DEPOSITS - We will give only provisional credit until collection is final
for any items, other than cash, we accept for deposit (including items drawn
"on us"). Actual credit for deposits of, or payable in, foreign
currency will be at the exchange rate in effect on final collection in U.S.
dollars. We are not responsible for transactions received by mail or outside
depository until we actually record them. We will treat and record all
transactions received after our "daily cutoff time" on a business day
we are open, or received on a day we are not open for business, as if initiated
on the next following business day that we are open.
WITHDRAWALS - Unless clearly indicated otherwise on the account records,
any of you, acting alone, who signs in the space designated for signatures on
the signature card may withdraw or transfer all or any part of the account
balance at any time. Each of you (until we receive written notice to the
contrary) authorizes each other person signing the signature card to indorse any
item payable to you or your order for deposit to this account or any other
transaction with us. We may charge your account for a check even though payment
was made before the date of the check, unless we have received written notice of
the postdating in time to have a reasonable opportunity to act. We may refuse
any withdrawal or transfer request which you attempt on forms not approved by
us, by any method we do not specifically permit, which is greater in number than
the frequency permitted, or which is for an amount greater or less than any
withdrawal limitations. Even if we honor a nonconforming request, we may treat
continued abuse of the stated limitations (if any) as your act of closing the
account. We will use the date the transaction is completed by us (as opposed to
the date you initiate it) to apply the frequency limitations. The fact that we
may honor withdrawal requests that overdraw the available account balance does
not obligate us to do so later. See the funds availability policy disclosure for
information about when you can withdraw funds you deposit. For those accounts
for which our funds availability policy disclosure does not apply, you can ask
us when you make a deposit when those funds will be available for withdrawal.
We may require not less than 7 days' notice in writing before each withdrawal
from an interest-bearing account other than a time deposit, or from any other
savings account as defined by Regulation D. Withdrawals from a time account
prior to maturity or prior to any notice period may be restricted and may be
subject to penalty. See your notice of penalty for early withdrawal.
OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION - These rules apply to
this account depending on the form of ownership and beneficiary designation, if
any, specified on the account records. We make no representations as to the
appropriateness or effect of the ownership and beneficiary designations, except
as they determine to whom we pay the account funds.
Single-Party Account - Such an account is owned by one party.
Joint Survivorship Account (Not As Tenants In Common) - Such an account
is issued in the name of two or more persons. Each of you intend that upon your
death the balance in the account (subject to any previous pledge to which we
have consented) will belong to the survivor(s). If two or more of you survive,
you will own the balance in the account as joint tenants with survivorship and
not as tenants in common.
Marital Account - is an account established without the right of
survivorship by two parties who claim to be husband and wife and is payable on
request to either or both parties.
Joint Account - No Survivorship (As Tenants In Common) - is an account,
other than a Marital Account or Joint Survivorship Account, owned by two or more
parties and payable on request to one of two or more parties. The parties do not
intend (merely by opening this account) to create any right of survivorship in
any other party. We encourage the parties to agree and tell us in writing of the
percentage of the deposit contributed by each of you. This information will not,
however, affect the "number of signatures" necessary for withdrawal.
Single Account or Joint Survivorship Account with P.O.D. Beneficiaries -
Pay-on-death beneficiaries acquire the right to withdraw only if: (1) all
parties creating the account die, and (2) the beneficiary is then living. If two
or more beneficiaries are named and survive the death of all person creating the
account, such beneficiaries will own this account in equal shares, without right
to survivorship. The person(s) creating this account type reserve the right to:
(1) change beneficiaries, (2) change account types, and (3) withdraw all or part
of the deposit at any time.
BUSINESS ACCOUNTS - Earnings in the form of interest, dividends, or
credits will be paid only on collected funds, unless otherwise provided by law
or our policy. We may require the governing body of the legal entity opening the
account to give us a separate authorization telling us who is authorized to act
on its behalf. We will honor the authorization until we actually receive written
notice of a change from the governing body of the legal entity.
STOP PAYMENTS - You must make any stop-payment order in the manner
required by law and we must receive it in time to give us a reasonable
opportunity to act on it before our stop-payment cutoff time. To be effective,
your stop-payment order must precisely identify the number, date and amount of
the item, and the payee.
You may stop payment on any item drawn on your account whether you sign the item
or not, if you have an equal or greater right to withdraw from this account than
the person who signed the item. A release of the stop-payment request may be
made only by the person who initiated the stop-payment order.
Our stop-payment cutoff time is one hour after the opening of the next banking
day after the banking day on which we receive the item. Additional limitations
on our obligation to stop payment are provided by law (e.g., we paid the item in
cash or we certified the item).
TELEPHONE TRANSFERS - A telephone transfer of funds from this account to
another account with us, if otherwise arranged for or permitted, may be made by
the same persons and under the same conditions generally applicable to
withdrawals made in writing. Unless a different limitation is disclosed in
writing, we restrict the number of transfers from a savings account to another
account or to third parties, to a maximum of six per month (less the number of
"preauthorized transfers" during the month). Other account transfer
restrictions may be described elsewhere.
AMENDMENTS AND TERMINATION - We may change any term of this agreement.
Rules governing changes in interest rates are provided separately. For other
changes, we will give you reasonable notice in writing or by any other method
permitted by law. We may also close this account at any time upon reasonable
notice to you and tender of the account balance personally or by mail. Notice
from us to any one of you is notice to all of you.
STATEMENTS - You must examine your statement of account with
"reasonable promptness." If you discover (or reasonably should have
discovered) any unauthorized signatures or alterations, you must promptly notify
us of the relevant facts. As between you and us, if you fail to do either of
these duties, you will have to either share the loss with us, or bear the loss
entirely yourself (depending on whether we used ordinary care and, if not,
whether we substantially contributed to the loss). The loss could be not only
with respect to items on the statement but other items with unauthorized
signatures or alterations by the same wrongdoer.
You agree that the time you have to examine your statement and report to us will
depend on the circumstances, but will not, in any circumstance, exceed a total
of 30 days from when the statement is first sent or made available to you.
You further agree that if you fail to report any unauthorized signatures,
alterations, forgeries, or any other errors in your account within 60 days of
when we first send or make the statement available, you cannot assert a claim
against us on any items in that statement, and as between you and us the loss
will be entirely yours. This 60-day limitation is without regard to whether we
used ordinary care. The limitation in this paragraph is in addition to that
contained in the first paragraph of this section.
ACCOUNT TRANSFER - This account may not be transferred or assigned
without prior written consent.
DIRECT DEPOSITS - If, in connection with a direct deposit plan, we
deposit any amount in an account which should have been returned to the Federal
Government for any reason, you authorize us to deduct the amount of our
liability to the Federal Government from the account or from any other account
you have with us, without prior notice and at any time, except as prohibited by
law. We may also use any other legal remedy to recover the amount of our
liability.
TEMPORARY ACCOUNT AGREEMENT - If this option is selected, this is a
temporary account agreement. Each person who signs in the space designated for
signatures on the signature card (except as indicated to the contrary) may
transact business on this account. However, we may at some time in the future
restrict or prohibit further use of this account if you fail to comply with the
requirements we have imposed within a reasonable time.
SETOFF - We may (without prior notice and when permitted by law) set of
the funds in this account against any due and payable debt you owe us now or in
the future, by any of you having the right of withdrawal, to the extent of such
persons' or legal entity's right to withdraw. If a joint or P.O.D. account
requires the signatures of all of the parties for purposes of withdrawal then
the account shall be subject to setoff to the extent of the net contributions of
the debtor party to the account. If the debt arises from a note, "any due
and payable debt" includes the total amount of which we are entitled to
demand payment under the terms of the note at the time we set off, including any
balance the due date for which we properly accelerate under the note.
The right of setoff does not apply to this account if: (a) it is an IRA or other
tax-deferred retirement account, or (b) the debt is created by a consumer credit
transaction under a credit card plan (but this does not affect our rights under
any consensual security interest), or (c) the debtor's right of withdrawal only
arises in a representative capacity. We will not be liable for the dishonor of
any check when the dishonor occurs because we set off a debt against this
account. You agree to hold us harmless from any claim arising as a result of our
exercise of our right of setoff.
AUTHORIZED AGENT - An authorized agent is a person who by the terms of
the account, has a present right, subject to request, to payment from the
account on behalf of all of the parties to the account.
RESTRICTIVE LEGENDS - We are not required to honor any restrictive legend
on checks you write unless we have agreed in writing to the restriction.
Examples of restrictive legends are "must be presented within 90 days"
or "not valid for more than $1,000.00."
STALE-DATED CHECKS - We are not obligated to, but may at our option, pay
a check, other than a certified check, presented for payment more than six
months after its date. If you do not want us to pay a stale-dated check, you
must place a stop-payment order on the check in the manner we have described
elsewhere.
ACH AND WIRE TRANSFERS - This agreement is subject to Article 4A of the
Uniform Commercial Code - Fund Transfers as adopted in the state in which you
have your account with us. If you originate a fund transfer for which Fedwire is
used, and you identify by name and number a beneficiary financial institution,
an intermediary financial institution may rely on the identifying number to make
payment. We may rely on the number even if it identifies a financial
institution, person or account other than the one named. You agree to be bound
by automated clearing house association rules. These rules provide, among other
things, that payments made to you, or originated by you, are provisional until
final settlement is made through a Federal Reserve Bank or payment is otherwise
made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do
not receive such, we are entitled to a refund from you in the amount credited to
your account and the party originating such payment will not be considered to
have paid the amount so credited. If we receive a credit to an account you have
with us by wire or ACH, we are not required to give you any notice of the
payment order or credit.
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ELECTRONIC FUND
TRANSFERS
YOUR RIGHTS AND RESPONSIBILITIES
Indicated below are the types of
Electronic Fund Transfers we are capable of handling, some of which may not
apply to your account. Please read this disclosure carefully because it tells
you your rights and obligations for the transactions listed. You should keep
this notice for future reference.
Electronic Funds Transfers Initiated By Third Parties. You may authorize
a third party to initiate electronic funds transfers between your account and
the third party's account. These transfers to make or receive payment may be
one-time occurrences or may recur as directed by you. These transfers may use
the Automated Clearinghouse (ACH) or other payments network. Your authorization
to the third party to make these transfers can occur in a number of ways. In
some cases, your authorization can occur when the merchant posts a sign
informing you of their policy. In all cases, the transaction will require you to
provide the third party with your account number and bank information (whether
over the phone, the Internet, or via some other method) to trusted third parties
whom you have authorized to initiate these electronic funds transfers. Examples
of these transfers include, but are not limited to:
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Preauthorized credits.
You may make arrangements for certain direct deposits to be accepted into
your checking or savings account(s).
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Preauthorized payments. You
may make arrangements to pay certain recurring bills from your checking or
savings account(s).
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Electronic check conversion. You
may provide your check to a merchant of service provider who will scan the
check for the encoded bank and account information. The merchant or service
provider will then use this information to convert the transaction into an
electronic funds transfer. This may occur at the point of purchase, or when
you provide your check by other means such as by mail or drop box.
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Electronic returned check
charge. Some merchants or service providers will initiate an electronic
funds transfer to collect a charge in the event a check is returned for
insufficient funds.
Please also see Limitations on
frequency of transfers section regarding limitations that apply to savings
accounts.
Phone Bank Telephone Transfers - types of transfers - You may access your
account by telephone 24 hours a day, seven days a week, at (920) 232-2265 using
your personal identification number and touch tone phone, to:
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transfer funds from checking to
checking
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transfer funds from checking to
savings
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transfer funds from savings to
checking
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transfer funds from savings to
savings
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make payments from checking to
loan accounts with us
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make payments from savings to
loan accounts with us
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get information about:
Please also see Limitations on
frequency of transfers section regarding limitations that apply to telephone
transfers.
ATM Transfers - types of transfers and dollar limitations - You may
access your account(s) by ATM using your West Pointe Check Card and personal
identification number, to:
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make deposits to checking
account(s)
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make deposits to savings
account(s)
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get cash withdrawals from
checking account(s)
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get cash withdrawals from
savings account(s)
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transfer funds from savings to
checking account(s)
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transfer funds from checking to
savings account(s)
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make payments from checking
account(s)
-
get information about:
Some of these services may not be
available at all terminals.
Please also see Limitations on frequency of transfers section regarding
limitations that apply to ATM transfers.
Types of West Pointe Check Debit Card Transactions - You may access your
checking or money market account(s) to purchase goods (in person or by phone),
pay for services (in person or by phone), get cash from a merchant, if the
merchant permits, or from a participating financial institution, and do anything
that can be done with a credit card (that a participating merchant will accept
with a credit card).
Debit Card Transactions - dollar limitations - Using your debit card:
Please also see Limitations on
frequency of transfers section regarding limitations that apply to debit
card transactions.
Chargebacks. For any point-of-sale transaction of $50.00 or more, if we
receive written or oral notice from you within three banking business days of
the transaction, we shall reverse the transaction and recredit your account.
Notice must be provided to us at the address or telephone number appearing in
this disclosure.
Currency Conversion. If you effect a transaction with your West Pointe
Check Debit Card in a currency other than US Dollars, MasterCard International
Incorporated will convert the charge into conversion procedure, which is
disclosed to institutions that issue MasterCard cards. Currently, the conversion
rate used by MasterCard International to determine the transaction amount in US
dollars for such transactions is generally either a government mandated rate or
a wholesale rate determined by MasterCard International for the processing cycle
in which the transaction is processed, increased by an adjustment factor
established from time to time by MasterCard International. The currency
conversion rate used by MasterCard International on the processing date may
differ from the rate that would have been used on the purchase date or
cardholder statement posting date.
Advisory Against Illegal Use. You agree not to use your card(s) for
illegal gambling or other illegal purpose. Display of a payment card logo by,
for example, an online merchant does not necessarily mean that transactions are
lawful in all jurisdictions in which the cardholder may be located.
Limitations on frequency of transfers. In addition to those limitations
on transfers elsewhere described, if any, the following limitations apply:
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Transfers from a savings account
to another account or to third parties by preauthorized, automatic, or
telephone transfer are limited to six per month with no transfers by check,
debit card, or similar order to third parties.
-
Transfers from a money market
account to another account or to third parties by preauthorized, automatic,
or telephone transfer are limited to six per month with no more than three
by check, draft, debit card, or similar order to third parties.
FEES
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We do not charge for direct
deposits to any type of account.
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We charge $2.00 per card, per
month, if your account is set up to use ATMs.
Except as indicated elsewhere, we do
not charge for these electronic fund transfers.
ATM Operator/Network Fees. When you use an ATM not owned by us, you may
be charged a fee by the ATM operator or any network used (and you may be charged
a fee for a balance inquiry even if you do not complete a fund transfer).
DOCUMENTATION
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Terminal transfers. You
can get a receipt at the time you make any transfer to or from your account
using one of our automated teller machines or point-of-sale terminals.
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Preauthorized credits. If
you have arranged to have direct deposits made to your account at least once
every 60 days from the same person or company, you can call us at (920)
232-2260 to find out whether or not the deposit has been made.
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Periodic statements.
You will get a monthly
account statement from us for your checking accounts.
You will get a monthly account statement from us for your
savings account, unless there are no transfers in a particular month. In any
case, you will get a statement at least quarterly.
PREAUTHORIZED PAYMENTS
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Right to stop payment and
procedure for doing so. If you have told us in advance to make regular
payments out of your account, you can stop any of these payments. Here is
how:
Call or write us at the
telephone number or address listed in this brochure in time for us to
receive your request 3 business days or more before the payment is scheduled
to be made. If you call, we may also require you to put your request in
writing and get it to us within 14 days after you call.
We will charge you $15.00 for each stop-payment order you
give.
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Notice of varying amounts. If
these regular payments may vary in amount, the person you are going to pay
will tell you, 10 days before each payment, when it will be made and how
much it will be. (You may choose instead to get this notice only from the
payment would differ by more than a certain amount from the previous
payment, or when the amount would fall outside certain limits that you set.)
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Liability for failure to stop
payment of preauthorized transfer. If you order us to stop one of these
payments 3 business days or more before the transfer is scheduled, and we do
not do so, we will be liable for your losses or damages.
FINANCIAL INSTITUTION'S
LIABILITY
Liability for failure to make
transfers. If we do not complete a transfer to or from your account on time
or in the correct amount according to our agreement with you, we will be liable
for your losses or damages. However, there are some exceptions. We will not be
liable, for instance:
-
If, through no fault of ours,
you do not have enough money in your account to make the transfer.
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If you have an overdraft line
and the transfer would go over the credit limit.
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If the automated teller machine
where you are making the transfer does not have enough cash.
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If the terminal or system was
not working properly and you knew about the breakdown when you started the
transfer.
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If circumstances beyond our
control (such as fire or flood) prevent the transfer, despite reasonable
precautions that we have taken.
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There may be other exceptions
stated in our agreement with you.
CONFIDENTIALITY
We will disclose information to
third parties about your account or the transfers you make:
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where it is necessary for
completing transfers; or
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in order to verify the existence
and condition of your account for a third party, such as a credit bureau or
merchant; or
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in order to comply with
government agency or court orders; or
-
as explained in the separate
Privacy Disclosure.
UNAUTHORIZED TRANSFERS
(a) Consumer
liability.
Also, if your statement shows transfers that you did not make, tell us at once.
If you do not tell us within 60 days after the statement was mailed to you, you
may not get back any money you lost after the 60 days if we can prove that we
could have stopped someone from taking the money if you had told us in time.
If a good reason (such as a long trip
or a hospital stay) kept you from telling us, we will extend the time period.
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Additional Limits on
Liability for West Pointe Check Debit Card, when used for point-of-sale
transactions. You will not be liable for any unauthorized transactions
using your West Pointe Check Debit Card, when used for point-of-sale
transactions, if: (i) you can demonstrate that you have exercised reasonable
care in safeguarding your card from the risk of loss or theft, (ii) you have
not reported to us two or more incidents of unauthorized use within the
prior twelve-month period, and (iii) your account is in good standing. If
any of these conditions are not met, your liability is the lesser of $50 or
the amount of money, property, labor, or services obtained by the
unauthorized use before notification to us. "Unauthorized use"
means the use of your debit card by a person, other than you, who does not
have actual, implied, or apparent authority for such use, and from which you
receive no benefit. This additional limitation on liability does not apply
to PIN-based transactions not processed by MasterCard.
(b) Contact in
event of unauthorized transfer. If you believe your card and/or code has
been lost or stolen or that someone has transferred or may transfer money from
your account without your permission, call or write us at the telephone number
or address listed in this brochure.
ERROR RESOLUTION NOTICE
In Case of Errors or
Questions About your Electronic Transfers, Call or Write us at the telephone
number or address listed in this brochure, as soon as you can, if you think your
statement or receipt is wrong or if you need more information about a transfer
listed on the statement or receipt. We must hear from you no later than 60 days
after we sent the FIRST statement on which the problem or error appeared.
-
Tell us your name and account
number (if any).
-
Describe the error or the
transfer you are unsure about, and explain as clearly as you can why you
believe it is an error or why you need more information.
-
Tell us the dollar amount of the
suspected error.
If you tell us orally,
we may require that you send us your complaint or question in writing within 10
business days.
We will determine whether an error occurred within 10
business days (20 business days if the transfer involved a new account) after we
hear from you and will correct any error promptly. If we need more time,
however, we may take up to 45 days (90 days if the transfer involved a new
account, a point-of-sale transaction, or a foreign-initiated transfer) to
investigate your complaint or question. If we decide to do this, we will credit
your account within 10 business days (20 business days if the transfer involved
a new account) for the amount you think is in error, so that you will have the
use of the money during the time it takes us to complete our investigation. If
we ask you to put your complaint or question in writing and we do not receive it
within 10 business days, we may not credit your account. Your account is
considered a new account for the first 30 days after the first deposit is made,
unless each of you already has an established account with us before this
account is opened.
We will tell you the results within three business days after
completing our investigation. If we decide that there was no error, we will send
you a written explanation.
You may ask for copies of the documents that we used in our
investigation.
WEST POINTE BANK
1750 WITZEL AVENUE, P.O. BOX 2266
OSHKOSH, WISCONSIN 54903
Business Days: Monday through Friday
Excluding Federal Holidays
Phone: (920) 232-2260
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST
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YOUR ABILITY TO
WITHDRAW FUNDS
This policy
statement applies to all deposit accounts.
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. Electronic direct deposits will be available on the day we receive the
deposit. Once the funds are available, you can withdraw them in cash and we will
use the funds to pay checks that you have written.
Please remember that 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.
For determining the availability of your deposits, every day
is a business day, except Saturdays, Sundays, and federal holidays. If you make
a deposit before closing 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
closing or on a day we are not open, we will consider that the deposit was made
on the next business day we are open.
If you make a deposit at an ATM before 6:00 P.M. on a
business day that we are open, we will consider that to be the day of your
deposit. However, if you make a deposit at an ATM after 6:00 P.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.
If we cash a check for you that is drawn on another bank, 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.
If we accept for a deposit a check that is drawn on another
bank, 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.
LONGER DELAYS MAY APPLY
In some cases, we will
not make all 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 fifth business day after the
day of your deposit. The first $100 of your deposits, however, may 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
you 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.
In addition, 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 eleventh business day after
the day of your deposit.
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