Products & Services
Your Ability to Withdraw Funds

This policy statement applies to all deposit account.

Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw 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Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.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 - The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays and federal holidays. If you make a deposit before 2:00pm 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 2:00pm or on a day we are open, we will consider that the deposit was made on the next business day we are open.

The length of the delay varies depending on the type of deposit and is explained below.

If you make a deposit at an ATM before 6:00pm 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 at an ATM after 6:00pm or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Same-day availability - Funds from electronic direct deposits to your account will be available on the day we receive the deposit.

Next-Day availability - Funds from the following deposits are available on the first business day after the day of your deposit:

• U.S. Treasury checks that are payable to you
• Wire transfers
• Checks drawn on Hedrick Savings Bank

If you make the deposit in person to one of our employees, funds from the following deposits are also available on the first business day after the day of your deposit:

• Cash
• State and local government checks that are payable to you
• Cashier's, certified, and teller's checks that are payable to you
• 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 on the second business day after the day we receive your deposit.

Other Check Deposits - The delay for other check deposits depends on whether the check is a local or nonlocal check. To see whether a check is a local or nonlocal check, look at the routing number on the check.

If the first four digits of the routing number are 0730, 2730, 0739 or 2739 then the check is a local check. Otherwise, the check is a nonlocal check. Some checks are marked "payable through" and have a four- or nine-digit number nearby. For these checks, use the four-digit number (or the first four digits of the nine-digit number), not the routing number on the bottom of the check, to determine if these checks are local or nonlocal. Our policy is to make funds from local and nonlocal checks available as follows:

1. Local checks - funds from a deposit of local checks will be available on the first business day after the day of your deposit.
2. Nonlocal checks - the first $100 from a deposit of nonlocal checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the fifth business day after the day of your deposit.
   
   For example, if you deposit a $700 nonlocal check on Monday, $100 of the deposit is available on Tuesday. The remaining $600 is available on Monday of the following week.
   
   
3. Local and nonlocal checks - if you deposit both categories of checks, $100 from the checks will be available on the first business day after the day of your deposit, not $100 from each category of check.

LONGER DELAYS MAY APPLY

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 $5,000.00 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 a 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.