Microsoft Word - Consumer Funds Availability

ConsumerFundsAvailability

DISCLOSUREOFACCOUNTTERMS

ThisDisclosuredescribesyourabilitytowithdrawfundsfromanyaccountatServiceCU.

GeneralPolicy

Wemaydelaytheavailabilityoffundsfromcertaintypesofcashandcheckdeposits. Duringthedelay,

youmaynotwithdrawthefundsincashandwewillnot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withdrawnthefunds,youarestillresponsibleforchecksyoudepositthatarereturnedtousunpaid,and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.

Determining

theAvailabilityofa Deposit

Whenwedelaytheavailabilityofadeposit,thelengthofthedelayisdeterminedbycountingthe

businessdaysfromthedayofyourdeposit.EverydayisabusinessdayexceptSaturdays,Sund aysand

federalholidays.Ifyoumakeadepositbeforeourclose

ofbusinessonabusinessdaythatweareopen,

wewillconsiderthatdaytobethedayofyourdeposit.FordepositsviaOnlineDepositwewillcredit

youraccountwithinonebusinessdayofsubmission.Thelengthofthedelayvariesdependingonthe

typeofdeposit

andisexplainedbelow.

Same‐DayAvailability

Fundsfromthefollowingdepositswillbeavailableonthesamedaythatwereceivethedeposit:

• Electronicdirectdeposits;

• U.S.Treasurychecksthatarepayabletoyou;

• Wiretransfers;or,

• ChecksdrawnonServiceCU.

• Same‐DayAvailability

forCertainDepositsMadeinPerson

Fundsfromthefollowingdepositsareavailableonthesamedaythatwereceiveyourdeposit,ifyou

makethedepositinpersontooneofouremployees:

• Cash;

• Stateandlocalgovernmentchecksthatarepayabletoyou;

• Cashier’s,certified,

traveler’s,andteller’schecksthatarepayabletoyou;or,

• FederalReserveBankchecks,FederalHomeLoanBankchecks,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bythesecondbusinessdayafterthedaywereceive

yourdeposit.

Cut‐OffTimesforSameDayDeposits

Yourdepositwillbeconsideredassamedayifwereceivedyourdepositbeforethecut‐offtimesas

describedbelow.



Wheredepositismade: Cut‐offTime*

ServiceCUBranch CloseofBusiness

OnlineDeposit 4:30p.m.(ET)

NightDepository 8:00a.m.(localtime)



*Timemayvaryduetoclosuresforholidaysandinclementweather.

AvailabilityofOtherCheckDepositsMadeatU.S.BranchLocations,ATMs,SharedBranching

Locations,andOnlineDeposit

Thefirst$750fromadepositofotherchecks(e.g.personalchecks,businesschecksandpayrollchecks)

willbeavailableonthesamedaythatwereceiveyourdeposit.Theremainingfundswillbe

availableby

thesecondbusinessdayafterthedateofyourdeposit.Forexample,ifyoudepositacheckof$1,000on

aMonday,$750ofthedepositwillbeavailableonMonday.Theremaining$250willbeavailableby

Wednesday.FundsfromdepositsofU.S.Treasurycheckswillbe

availableonthefirstbusinessday

followingthedayofyourdepositmadeatanATM,SharedBranchinglocationorOnlineDeposit.Funds

fromallotherdepositswillbeavailablebythesecondbusinessdayafterthedateofyourdeposit.All

ATMsthatweownoroperateareidentifiedas

ourmachines.

SpecialRulesforNewAccounts

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depositsofcashier’s,certified,teller’s,

traveler’s,andfederal,state,andlocalgovernmentcheckswillbeavailable

onthesamebusinessday

thatwereceiveyourdepositandthedepositmeetscertainconditions.

Forexample,thechecksmustbepayabletoyou.Thefirst$750.00fromadepositofallothercheckswill

beavailableonthesamebusinessdaythatwereceiveyourdeposit,andallremaining

fundsfroma

depositofothercheckswillbeavailableonthefifthbusinessdayafterthedateofyourdeposit.

Ifyourdepositofcashier’s,certified,teller’s,traveler’s,andfederal(otherthanaU.S.Treasurycheck),

state,andlocalgovernmentchecksisnotmadeinper sontooneof

ouremployees,$750willbe

availableonthesamebusinessdaythatwereceiveyourdepositandthenext$6,750willbeavailable

thesecondbusinessdayafterthedayofyourdeposit.Anyamountsover$7,500willbeavailablethe

fifthbusinessdayafterthedayofyourdeposit.A

depositofallotherchecksnotmadeinpersontoone 

ofouremployeeswillhavethefirst$750availableonthesamebusinessdaythatwereceiveyour

deposit,andallremainingfundswillbeavailableonthefifthbusinessdayafterthedateofyourdeposit.

Whena

U.S.TreasurycheckisdepositedatanATM,fundswillbemadeavailablethenextbusinessday

afterthedayofyourdeposit.

LongerDelaysMayApply

• Wemaydelayyourabilitytowithdrawfundsdepositedbycheckintoyouraccountan

additionalnumberofdaysforanyofthese

reasons:

• Webelieveacheckyoudepositwillnotbepaid;

• Youdepositcheckstotalingmorethan$7,500onanyone(1)day;

• Youdepositacheckthathasbeenreturnedunpaid

• Youhaveoverdrawnyouraccountrepeatedlyinthelastsix(6)months;or,

• Thereisanemergency,suchasfailureofcommunicationsorcomputer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fifthbusinessday

afterthedayofyourdeposit.

ForeignChecks

ForeignCheckspayableinU.S.Dollars.AllU.S.dollarchecksdrawnonforeignbanksshallbeheldfora

minimumoffifteen(15)businessdays,or

asdeterminedbythebranchofficemanager.

DAILYWITHDRAWALLIMITS



Transactions DailyLimits*

AutomatedTellerMachine(ATM)withdrawals AccountBalanceupto$1,000

PointofSale(POS)PIN/Signaturebased AccountBalance**

VPAYCard(EuroCashCard)‐PointofSale(POS) €1,000(weeklylimit)**

BranchOfficewithdrawal‐U.S.Dollars $5,000

BranchOfficewithdrawal‐Euro €3,000(overseasonly)



*Stricterlimitsmayapplyifcardsystemistemporarilydown.**AccountbalanceincludesCourtesyPayifqualifiedandoptedin.RefertoyourVPAYCardAccountAgreementandDisclosure

Statementforadditionaldisclosures.