Summary of DCU Funds Availability
Following is an availability schedule associated with deposits made to your DCU Account. Local and non-local refer to the location of a check's paying institution relative to the location where you deposit the check. Local means both are within the same Federal Reserve district.
The expiration of the hold period, and subsequent availability of the deposited funds in your DCU account does not necessarily mean the deposited item has in fact cleared the account against which it was drawn. To confirm this you must contact the paying bank. If any item you cash or deposit with us is returned unpaid by the paying bank, we may debit from your account both the amount of the item and the applicable fee as listed in your Schedule of Fees and Service Charges.
For DCU's complete Funds Availability Policy, see Part IV of the Truth In Savings Disclosure and Account Agreements.
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- Cash
- Checks drawn on DCU
- First endorsed: Cashier's, Certified, and Treasurer's Checks; items directly affiliated with sponsor companies (i.e. payroll, investor services, insurance, relocation); Federal, State, and Local Government Checks; Insurance Checks payable to DCU and member (with paid work order); Money Orders, and Traveler's Cheques.
- Electronic Funds Transfers (Direct Deposit, ACH Deposit)
- Wire Transfers
- No less than $100 from any DCU Branch or proprietary ATM deposit. Longer delays of up to five business days may apply on deposits made at non-proprietary ATMs. ATMs that you own or operate (proprietary) will be identified as DCU machines.
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WHEN FUNDS BECOME AVAILABLE
Checks Deposited on Monday
| No less than $100 will be available by the first business day after the day of deposit |
or Tuesday |
| Up to an additional $4,900 from a local check deposited, on the second business day after the day of deposit (up to $5,000 now available from local check deposit) |
or Wednesday |
| All funds remaining from a local or non-local check deposited, on the fourth business day after the day of deposit. |
or Friday |
Funds I deposited by check may be delayed for a longer period of time under the following circumstances:
- The item is deposited within 30 calendar days of the opening of the account
- The item is an insurance draft, that is, payable through another institution
- You receive notice that the item(s)has been or will be dishonored
- The item is being deposited into an account with a history of collection problems
- DCU has any reason to doubt the collectibility of the item
- The item is drawn on an office located outside of the United States
- The item is subject to processing delay; that is presentment delay, a mutilated item, or an improperly encoded item
I will be notified if a longer delay was applied.
Any delay beyond the time limits prescribed above shall be excused if caused by interruption of communication facilities, suspension of payment by a bank or savings institution, emergency conditions, or other circumstances beyond our control.
In no event does the above policy effect our right to accept or reject an item for deposit or to require written notice of an intended withdrawal.
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