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Deposit Availability Policy
When a deposit is made to your account, the funds may not be available immediately. For example,
if you deposit a check on Monday, you may not be able to withdraw the funds from that check, and
we may not pay another check with those funds, until Tuesday or even later. See the Availability
Timeline below for details about when you can use the funds from different types of deposits.
If you withdraw funds from a check deposit, and the check is returned unpaid, we may chage the
check back to your account and charge you a $20.00 fee.
Availabiltiy Timeline for Deposits to Established Accounts
Below is our general policy for deposits to accounts that have been open for more than 30 days.
Longer delays may apply and different rules apply for checks deposited into accounts that have
been open 30 days or less (see Availability Timeline for Deposits to New Accounts).
What is a "Business Day"?
A business day is any day of the week except Saturday, Sunday, and Federal holidays. A deposit
made before 4:00 p.m. on a business day is considered deposited that day. A deposit made after
that time or on a day we are closed, is considered deposited the next business day.
Check Cashing, Immediate Availability, and Holds on Other Funds
We may cash a check or make a check deposit available immediately if you have funds to cover that
check in any of your accounts with us. If we do, we will hold those funds (equal to the amount of the
check) in your other account(s) according to the timelines described in this policy.
*Longer Delays May Apply
Funds from check deposits may be delayed for up to seven (7) business days if:
We will notify you if we delay your ability to withdraw funds, and we will tell you when the funds will
be available.
Availability Timelines for Deposits to New Accounts
When a deposit is made to your account, the funds may not be available immediately. For example,
if you deposit a check on Monday, you may not be able to withdraw the funds from that check, and
we may not pay another check with those funds, until Tuesday or even later. See the Availability
Timeline below for details about when you can use the funds from different types of deposits.
If you withdraw funds from a check deposit, and the check is returned unpaid, we may chage the
check back to your account and charge you a $20.00 fee.
Availabiltiy Timeline for Deposits to Established Accounts
Below is our general policy for deposits to accounts that have been open for more than 30 days.
Longer delays may apply and different rules apply for checks deposited into accounts that have
been open 30 days or less (see Availability Timeline for Deposits to New Accounts).
What is a "Business Day"?
A business day is any day of the week except Saturday, Sunday, and Federal holidays. A deposit
made before 4:00 p.m. on a business day is considered deposited that day. A deposit made after
that time or on a day we are closed, is considered deposited the next business day.
Check Cashing, Immediate Availability, and Holds on Other Funds
We may cash a check or make a check deposit available immediately if you have funds to cover that
check in any of your accounts with us. If we do, we will hold those funds (equal to the amount of the
check) in your other account(s) according to the timelines described in this policy.
*Longer Delays May Apply
Funds from check deposits may be delayed for up to seven (7) business days if:
- We believe a deposited check will not be paid
- You deposit checks totaling more than $5,000 in any one day
- You redeposit a check that has been returned unpaid
- You have overdrawn your account repeatedly in the last six (6) 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, and we will tell you when the funds will
be available.
Availability Timelines for Deposits to New Accounts
| Wharton County's Credit Union |
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| ®2010 - 2011 Texasgulf FCU 2101 N. Fulton St. Wharton, TX 77488 1313 West Loop, El Campo, TX 77437 (979) 282-2300 Toll Free (800) 647-8428 (979) 578-9000 |