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FDIC Law, Regulations, Related Acts

[Main Tabs]     [Table of Contents - 6500]     [Index]     [Previous Page]     [Next Page]     [Search] 6500 - Consumer Protection Appendix A to Part 229—Routing Number Guide to Next-Day Availability Checks and Local Checks   A.  Each bank is assigned a routing number by an agent of the American Bankers Association. The routing number takes two forms: a fractional form and a nine-digit form. A paying bank generally is identified on the face of a check by its routing number in both the fractional form (which generally appears in the upper right-hand corner of the check) and the nine-digit form (which is printed in magnetic ink along the bottom of the check). Where a check is payable by one bank but payable through another bank, the routing number appearing on the check is that of the payable-through bank, not the payor bank.   B.  The first four digits of the nine-digit routing number (and the denominator of the fractional routing number) form the "Federal Reserve routing symbol," and the first two digits of the routing number identify the Federal Reserve District in which the bank is located. Thus, 01 will be the first two digits of the routing number of a bank in the First Federal Reserve District (Boston), and 12 will be the first two digits of the routing number of a bank in the Twelfth District (San Francisco). Adding 2 to the first digit denotes a thrift institution. Thus, 21 identifies a thrift in the First District, and 32 denotes a thrift in the Twelfth District.   C.  Each Federal Reserve check processing office is listed below, followed by the Federal Reserve routing symbols of the banks that are located within the check-processing region served by that office. Because some check processing regions cross Federal Reserve District lines, there are some cases in which banks in different Federal Reserve Districts are located in the same check-processing region and therefore considered local to each other. For example, banks in Fairfield County, Connecticut are located in Second District and have Second District routing numbers (0211 or 2211), but the head office of the Federal Reserve bank of Philadelphia processes the checks of these banks. Thus, as indicated below, checks drawn on banks with 0211 or 2211 routing numbers would be local for banks served by the head office Federal Reserve bank of Philadelphia. {{12-31-08 p.7418.23}} Third Federal Reserve District [Federal Reserve Bank of Philadelphia] Head Office 01101 2110 0111 2111 0112 2112 0113 2113 0114 2114 0115 2115 0116 2116 0117 2117 0118 2118 0119 2119 0210 2210 0211 2211 0212 2212 0213 2213 0214 2214 0215 2215 0216 2216 0219 2219 0260 2260 0280 2280 0310 2310 0311 2311 0312 2312 0313 2313 0319 2319 0360 2360 Fourth Federal Reserve District [Federal Reserve Bank of Cleveland] Head Office 0220 0223 0410 0412 0430 0432 0433 0434 0440 0441 0720 0724 2220 2223 2410 2412 2430 2432 2433 2434 2440 2441 2720 2724 Cincinnati Branch 0420 0421 0422 0423 0442 0515 0519 0740 0749 0813 0830 0839 0863 2420 2421 2422 2423 2442 2515   ________________________________________________________   1 The first two digits identify the bank's Federal Reserve District. For example, 01 identifies the First Federal Reserve District (Boston), and 12 identifies the Twelfth District (San Francisco). Adding 2 to the first digit denotes a thrift institution. For example, 21 identifies a thrift in the First District, and 32 denotes a thrift in the Twelfth District. {{12-31-08 p.7418.24}} Cincinnati Branch (con't.) 2519 2740 2749 2813 2830 2839 2863 Fifth Federal Reserve District [Federal Reserve Bank of Richmond] Baltimore Branch 0510 2510 0514 2514 0520 2520 0521 2521 0522 2522 0540 2540 0550 2550 0560 2560 0570 2570 Charlotte Branch 0530 2530 0531 2531 0532 2532 0539 2539 Columbia Office 0532 2532 0539 2539 Sixth Federal Reserve District [Federal Reserve Bank of Atlanta] Head Office 0610 2610 0611 2611 0612 2612 0613 2613 0620 2620 0621 2621 0622 2622 0630 2630 0631 2631 0632 2632 0640 2640 0641 2641 0642 2642 0650 2650 0651 2651 0652 2652 0653 2653 0654 2654 0655 2655 0660 2660 0670 2670 0812 2812 0815 2815 0819 2819 0820 2820 0829 2829 0840 2840 0841 2841 0842 2842 0843 2843 0865 2865 Seventh Federal Reserve District [Federal Reserve Bank of Chicago] Head Office 0710 2710 0711 2711 0712 2712 0719 2719 0730 2730 0739 2739 0750 2750 0759 2759 1040 3040 1041 3041 1049 3049 Eighth Federal Reserve District [Federal Reserve Bank of St. Louis] Head Office 0810 2810 0812 2812 0815 2815 0819 2819 0865 2865 Memphis Branch 0820 2820 0829 2829 0840 2840 0841 2841 0842 2842 0843 2843 Ninth Federal Reserve District [Federal Reserve Bank of Minneapolis] Head Office 0910 2910 0911 2911 0912 2912 0913 2913 0914 2914 0915 2915 0918 2918 0919 2919 0960 2960 {{12-31-08 p.7418.25}} Tenth Federal Reserve Bank [Federal Reserve Bank of Kansas City] Denver Branch 0920 2920 0921 2921 0929 2929 1020 3020 1021 3021 1022 3022 1023 3023 1070 3070 1240 3240 1241 3241 1242 3242 1243 3243 Denver Branch 1020 3020 1021 3021 1022 3022 1023 3023 1070 3070 1240 3240 1241 3241 1242 3242 1243 3243 Eleventh Federal Reserve District [Federal Reserve Bank of Dallas] Head Office 1010 3010 1011 3011 1012 3012 1019 3019 1030 3030 1031 3031 1039 3039 1110 3110 1111 3111 1113 3113 1119 3119 1120 3120 1122 3122 1123 3123 1130 3130 1131 3131 1140 3140 1149 3149 1163 3163 Twelfth Federal Reserve District (Federal Reserve Bank of San Francisco) Los Angeles Branch 1210 3210 1211 3211 1212 3212 1213 3213 1220 3220 1221 3221 1222 3222 1223 3223 1224 3224 Seattle Branch 1230 3230 1231 3231 1232 3232 1233 3233 1250 3250 1251 3251 1252 3252 U.S. Treasury Checks and Postal Money Orders U.S. Treasury Checks 0000 0050 5 0000 0119 3 0000 0051 8 0000 0800 2 Federal Reserve Offices 0110 0001 5 0720 0029 0 0111 0048 1 0730 0033 8 0210 0120 8 0740 0020 1 0212 0400 5 0750 0012 9 0213 0500 1 0810 0004 5 0220 0026 6 0820 0013 8 0310 0004 0 0830 0059 3 0410 0001 4 0840 0003 9 0420 0043 7 0910 0008 0 0430 0030 0 0920 0026 7 0440 0050 3 1010 0004 8 0510 0003 3 1020 0019 9 0519 0002 3 1030 0024 0 0520 0027 8 1040 0012 6 0530 0020 6 1110 0003 8 0539 0008 9 1120 0001 1 0610 0014 6 1130 0004 9 0620 0019 0 1140 0072 1 0630 0019 9 1210 0037 4 0640 0010 1 1220 0016 6 0650 0021 0 1230 0001 3 0660 0010 9 1240 0031 3 0710 0030 1 1250 0001 1 0711 0711 0 Federal Home Loan Banks 0110 0053 6 0740 0101 9 0212 0639 1 0810 0091 9 0260 0973 9 0910 0091 2 0410 0291 5 1010 0091 2 0420 0091 6 1011 0194 7 0430 0143 5 1110 1083 7 0430 1862 2 1119 1083 0 0610 0876 6 1210 0070 1 0710 0450 1 1240 0287 4 0730 0091 4 1250 0050 3 {{12-31-08 p.7418.26}} [Codified to 12 C.F.R. Part 229, Appendix A] [Appendix A amended at 53 Fed. Reg. 24251, June 28, 1988; 53 Fed. Reg. 31316--31422, August 18, 1988, 53 Fed. Reg. 31293, August 18, 1988, effective September 1, 1988; 54 Fed. Reg. 13851, April 6, 1989, effective August 10, 1989; 55 Fed. Reg. 21855, May 30, 1990, effective May 22, 1990; 58 Fed. Reg. 2, January 4, 1993, effective January 5, 1993; 59 Fed. Reg. 48790, September 23, 1994, effective October 11, 1994; 60 Fed. Reg. 51671, October 3, 1995, effective November 2, 1995; 61 Fed. Reg. 25390, May 21, 1996, effective October 15, 1996; 68 Fed. Reg. 31592, May 28, 2003, effective July 28, 2003; 68 Fed. Reg. 52078, September 2, 2003, effective November 1, 2003; 69 Fed. Reg. 1657, January 12, 2004, effective March 13, 2004; 69 Fed. Reg. 6919, February 12, 2004, the amendment to Appendix A under the Fifth Federal Reserve District (Federal Reserve Bank of Richmond) is effective on April 17, 2004, and the amendments to Appendix A under the Seventh and Tenth Federal Reserve Districts (Federal Reserve Banks of Chicago and Kansas City) are effective on April 24, 2004; 69 Fed. Reg. 10602, March 8, 2004, effective May 15, 2004; 69 Fed. Reg. 19922, April 15, 2004, effective June 26, 2004; 69 Fed. Reg. 25827, May 10, 2004, effective July 10, 2004; 69 Fed. Reg. 28820, May 19, 2004, effective July 24, 2004; 69 Fed. Reg. 35506, June 25, 2004, effective August 28, 2004; 69 Fed. Reg. 57839, September 28, 2004, effective October 30, 2004; 70 Fed. Reg. 7380, February 14, 2005, effective March 26, 2005; 70 Fed, Reg. 8717, February 23, 2005; amended at 70 Fed. Reg. 21133, April 25, 2005, effective June 18, 2005; 70 Fed. Reg. 47086, August 12, 2005, effective October 22, 2005; 70 Fed. Reg. 60420, October 18, 2005, the amendments to Appendix A under the Fourth Federal Reserve District under the Columbus office and Cincinnati branch is effective January 21, 2006, and February 11, 2006, and the amendments in Appendix A under the Tenth and Eleventh Districts are effective December 10, 2005; 70 Fed. Reg. 73129, December 9, 2005, effective February 25, 2006; 70 Fed. Reg. 75000 December 19, 2005, the amendment to appendix A under the Ninth Federal Reserve District (Federal Reserve Bank of Minneapolis) is effective December 19, 2005, and the amendment to appendix A under the Sixth Federal Reserve District (Federal Reserve Bank of Atlanta) is effective on March 31, 2006; 71 Fed. Reg. 62266 June 5, 2006, effective August 19, 2006; 72 Fed. Reg. 27952, May 18, 2007, effective July 21, 2007; 72 Fed. Reg. 34597, June 25, 2007, effective August 18, 2007; 72 Fed. Reg. 46143, August 17, 2007, effective October 20, 2007; 72 Fed. Reg. 1269, January 8, 2008, Appendix A under the Second and Fourth Federal Reserve Districts (Federal Reserve Banks of New York and Cleveland) that revise the listings for the Utica office and the Cleveland head office are effective February 23, 2008, the amendment to appendix A under the Third Federal Reserve District (Federal Reserve Bank of Philadelphia) is effective March 29, 2008. The removal of the Second Federal Reserve District (Federal Reserve Bank of New York) is effective March 29, 2008; 73 Fed. Reg. 8788, February 15, 2008, effective April 19, 2008; 73 Fed. Reg. 41237, July 18, 2008, effective September 20, 2008; 73 Fed. Reg. 70592, November 21, 2008, effective January 31, 2009; 73 Fed. Reg. 77492, December 19, 2008, effective February 21, 2009] Appendix B to Part 229—[Reserved] Appendix C to Part 229—Model Availability Policy Disclosures, Clauses, and Notices; Model Substitute Check Policy Disclosure and Notices   This appendix contains model availability policy and substitute check policy disclosures, clauses, and notices to facilitate compliance with the disclosure and notice requirements of Regulation CC (12 CFR part 229). Although use of these models is not required, banks using them properly (with the exception of models C--22 through C--25) to make disclosures required by Regulation CC are deemed to be in compliance. Model Availability Policy Disclosures   C--1  Next-day availability   C--2  Next-day availability and § 229.13 exceptions   C--3  Next-day availability, case-by-case holds to statutory limits, and § 229.13 exceptions   C--4  Holds to statutory limits on all deposits (includes chart) {{2-29-08 p.7418.27}}   C--5  Holds to statutory limits on all deposits   C--5A  Substitute Check Policy Disclosure Model Clauses   C--6  Holds on other funds (check cashing)   C--7  Holds on other funds (other account)   C--8  Appendix B availability (nonlocal checks)   C--9  Automated teller machine deposits (extended hold)   C--10  Cash withdrawal limitation   C--11  Credit union interest payment policy   C--11A   Availability of funds deposited at other locations. Model Notices   C--12  Exception hold notice   C--13  Reasonable cause hold notice   C--14  One-time notice for large deposit and redeposited check exception holds   C--15  One-time notice for repeated overdraft exception holds   C--16  Case-by-case hold notice   C--17  Notice at locations where employees accept consumer deposits   C--18  Notice at locations where employees accept consumer deposits (case-by-case holds)   C--19  Notice at automated teller machines   C--20  Notice at automated teller machines (delayed receipt)   C--21  Deposit slip notice   C--22  Expedited recredit claim, valid claim refund notice   C--23  Expedited recredit claim, provisional refund notice   C--24  Expedited recredit claim, denial notice   C--25  Expedited recredit claim, reversal notice Model Availability Policy Disclosure   C--1--Next-day Availiability Your Ability to Withdraw Funds   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 them to pay checks that you have written.   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 (time of day) 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 (time of day) or on a day we are not open, we will consider that the deposit was made on the next business day we are open.   C--2--Next-day availability and § 229.13 exceptions Your Ability to Withdraw Funds   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 they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.   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 (time of day) 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 (time of day) or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Longer Delays May Apply   Funds you deposit by check may be delayed for a longer period under the following circumstances: {{2-29-08 p.7418.28}}   •  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 (number) business day after the day of your deposit. Special Rules for New Accounts   If you are a new customer, the following special rules will apply during the first 30 days your account is open.   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 first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.   Funds from all other check deposits will be available on the (number) business day after the day of your deposit. C--3--Next-Day Availability, Case-by-Case Holds to Statutory Limits, and § 229.13 Exceptions Your Ability to Withdraw Funds   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 they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.   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 (time of day) 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 (time of day) or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Longer Delays May Apply   In some cases, we will not make all of 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. However the first $100 of your deposits will be available on the first business day. {{4-28-00 p.7418.29}}   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 your 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 (number) business day after the day of your deposit. Special Rules for New Accounts   If you are a new customer, the following special rules will apply during the first 30 days your account is open.   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 first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.   Funds from all other check deposits will be available on the (number) business day after the day of your deposit. C--4--Holds to Statutory Limits on All Deposits (Includes Chart) Your Ability to Withdraw Funds   Our policy is to delay the availability of funds from your 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. 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 (time of day) 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 (time of day) or on a day we are not 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. 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. {{4-28-00 p.7418.30}}   •  Wire transfers.   •  Checks drawn on (bank name) [unless (any limitations related to branches in different states or check-processing regions)].     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 [if you use a special deposit slip available from (where deposit slip may be obtained)].        •  Cashier's certified, and teller's checks that are payable to you [if you use a special deposit slip available from (where deposit slip may be obtained)].        •  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   To find out when funds from other check deposits will be available, look at the first four digits of the routing number on the check: Personal Check Business Check   Some checks are marked "payable through" and have a four- or nine-digit number nearby. For these checks, use this 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. Once you have determined the first four digits of the routing number {{4-28-00 p.7418.31}}(1234 in the examples above), the following chart will show you when funds from the check will be available: First four digits from routing number When funds are available When funds are available if a deposit is made on aMonday [Local   numbers] $100 on the first business day after the day of your deposit Tuesday. Remaining funds on the second business day after the day of your deposit Wednesday All other   numbers $100 on the first business day after the day of your deposit Tuesday. Remaining funds on the fifth business day after the day of your deposit Monday of the following week.   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 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 (number) business day after the day of your deposit. Special Rules for New Accounts   If you are a new customer, the following special rules will apply during the first 30 days your account is open.   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 first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.   Funds from all other check deposits will be available on the (number) business day after the day of your deposit. {{4-28-00 p.7418.32}} C--5--Holds to Statutory Limits on All Deposits Your Ability To Withdraw Funds   Our policy is to delay the availability of funds from your 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. 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 (time of day) 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 (time of day) or on a day we are not 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. 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 (bank name) [unless (any limitations related to branches in different states or check processing regions)].     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 [if you use a special deposit slip available from (where deposit slip may be obtained)].        •  Cashier's, certified, and teller's checks that are payable to you [if you use a special deposit slip available from (where deposit slip may be obtained)].        •  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 of your deposit. Other Check Deposits   The delay for other check deposits depends on whether the check is a local or a nonlocal check. To see whether a check is a local or a nonlocal check, look at the routing number on the check: {{8-31-04 p.7418.33}} Personal Check   Business Check     If the first four digits of the routing number (1234 in the examples above) are (list of local numbers), 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. The first $100 from a deposit of local checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit.   For example, if you deposit a local check of $700 on a Monday, $100 of the deposit is available on Tuesday. The remaining $600 is available on Wednesday.     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 a 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 on any one day. {{8-31-04 p.7418.34}}   •  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 (number) business day after the day of your deposit. Special Rules For New Accounts   If you are a new customer, the following special rules will apply during the first 30 days your account is open.   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 first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.   Funds from all other check deposits will be available on the (number) business day after the day of your deposit. C--5A--Substitute Check Policy Disclosure Substitute Checks and Your Rights--[Important Information About Your Checking Account] Substitute Checks and Your Rights What Is a Substitute Check?   To make check processing faster, federal law permits banks to replace original checks with "substitute checks." These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "This is a legal copy of your check. You can use it the same way you would use the original check." You may use a substitute check as proof of payment just like the original check.   Some or all of the checks that you receive back from us may be substitute checks. This notice describes rights you have when you receive substitute checks from us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, you have rights under other law with respect to those transactions. What Are My Rights Regarding Substitute Checks?   In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, bounced check fees).   The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You also are entitled to interest on the amount of your refund if your account is an interest-bearing account. If your loss exceeds the amount of the substitute check, you may be able to recover additional amounts under other law.   If you use this procedure, you may receive up to (amount, not lower than $2,500) of your refund (plus interest if your account earns interest) within (number of days, not more than 10) business days after we received your claim and the remainder of your refund (plus {{8-31-04 p.7418.34-A}}interest if your account earns interest) not later than (number of days, not more than 45) calendar days after we received your claim.   We may reverse the refund (including any interest on the refund (if we later are able to demonstrate that the substitute check was correctly posted to your account. How Do I Make a Claim for a Refund?   If you believe that you have suffered a loss relating to a substitute check that you received and that was posted to your account, please contact us at (contact information, for example phone number, mailing address, e-mail address). You must contact us within (number of days, not less than 40) calendar days of the date that we mailed (or otherwise delivered by a means to which you agreed) the substitute check in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if you were not able to make a timely claim because of extraordinary circumstances.   Your claim must include--   •  A description of why you have suffered a loss (for example, you think the amount withdrawn was incorrect);   •  An estimate of the amount of your loss;   •  An explanation of why the substitute check you received is insufficient to confirm that you suffered a loss; and   •  A copy of the substitute check [and/or] the following information to help us identify the substitute check: (identifying information, for example the check number, the name of the person to whom you wrote the check, the amount of the check). Model Clauses C--6--Holds on Other Funds (Check Cashing)   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. C--7--Holds on Other Funds (Other Account)   If we accept for 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. C--8--Appendix B Availability (Nonlocal Checks)     3.  Certain other checks.  We can process nonlocal checks drawn on financial institutions in certain areas faster than usual. Therefore, funds from deposits of checks drawn on institutions in those areas will be available to you more quickly. Call us if you would like a list of the routing numbers for these institutions. C--9--Automated Teller Machine Deposits (Extended Hold) Deposits at Automated Teller Machines   Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the fifth business day after the day of your deposit. This rule does not apply at ATMs that we own or operate.   (A list of our ATMs is enclosed. or A list of ATMs where you can make deposits but that are not owned or operated by us is enclosed. or All ATMs that we own or operate are identified as our machines.) {{4-30-02 p.7418.35}} C--10--Cash Withdrawal Limitation   We place certain limitations on withdrawals in cash. In general, $100 of a deposit is available for withdrawal in cash on the first business day after the day of deposit. In addition, a total of $400 of other funds becoming available on a given day is available for withdrawal in cash at or after (time no later than 5:00 p.m.) on that day. Any remaining funds will be available for withdrawal in cash on the following business day. C--11--Credit Union Interest Payment Policy Interest Payment Policy   If we receive a deposit to your account on or before the tenth of the month, you begin earning interest on the deposit (whether it was a deposit of cash or checks) as of the first day of that month. If we receive the deposit after the tenth of the month, you begin earning interest on the deposit as of the first of the following month. For example, a deposit made on June 7 earns interest from June 1, while a deposit made on June 17 earns interest from July 1. C--11A--Availability of Funds Deposited at Other Locations Deposits at Other Locations   This availability policy only applies to funds deposited at (location). Please inquire for information about the availability of funds deposited at other locations. Model Notices C--12--Exception Hold Notice Notice of Hold   Account number: (number)   Date of deposit: (date)   We are delaying the availability of $(amount being held) from this deposit. These funds will be available on the (number) business day after the day of your deposit.   We are taking this action because: --A check you deposited was previously returned unpaid. --You have overdrawn your account repeatedly in the last six months. --The checks you deposited on this day exceed $5,000. --An emergency, such as failure of computer or communications equipment, has occurred. --We believe a check you deposited will not be paid for the following reasons[*]: ____________________________________________ ____________________________________________ ____________________________________________   [*If you did not receive this notice at the time you made the deposit and the check you deposited is paid, we will refund to you any fees for overdrafts or returned checks that result solely from the additional delay that we are imposing. To obtain a refund of such fees, (description of procedure for obtaining refund).] C--13--Reasonable Cause Hold Notice   Notice of Hold   Account number: (number)   Date of deposit: (date)   Amount of deposit: (amount)   We are delaying the availability of the funds you deposited by the following check:   (description of check, such as amount and drawer)   These funds will be available on the (number) business day after the day of your deposit. The reason for the delay is explained below: --We received notice that the check is being returned unpaid. {{4-30-02 p.7418.36}} --We have confidential information that indicates that the check may not be paid. --The check is drawn on an account with repeated overdrafts. --We are unable to verify the endorsement of a joint payee. --Some information on the check is not consistent with other information on the check. --There are erasures or other apparent alterations on the check. --The routing number of the paying bank is not a current routing number. --The check is postdated or has a stale date. --Information from the paying bank indicates that the check may not be paid. --We have been notified that the check has been lost or damaged in collection. --Other: ____________________________________________   [If you did not receive this notice at the time you made the deposit and the check you deposited is paid, we will refund to you any fees for overdrafts or returned checks that result solely from the additional delay that we are imposing. To obtain a refund of such fees, (description of procedure for obtaining refund).] C--14--One-Time Notice for Large Deposit and Redeposited Check Exception Holds Notice of Hold   If you deposit into your account:   •  Checks totaling more than $5,000 on any one day, the first $5,000 deposited on any one banking day will be available to you according to our general policy. The amount in excess of $5,000 will generally be available on the (number) business day after the day of deposit for checks drawn on (bank name), the (number) business day after the day of deposit for local checks and (number) business day after the day of deposit for nonlocal checks. If checks (not drawn on us) that otherwise would receive next-day availability exceed $5,000, the excess will be treated as either local or nonlocal checks depending on the location of the paying bank. If your check deposit, exceeding $5,000 on any one day, is a mix of local checks, nonlocal checks, checks drawn on (bank name), or checks that generally receive next-day availability, the excess will be calculated by first adding together the (type of check), then the (type of check), then the (type of check), then the (type of check).   •  A check that has been returned unpaid, the funds will generally be available on the (number) business day after the day of deposit for checks drawn on (bank name), the (number) business day after the day of deposit for local checks and the (number) business day after the day of deposit for nonlocal checks. Checks (not drawn on us) that otherwise would receive next-day availability will be treated as either local or nonlocal checks depending on the location of the paying bank. C--15--One-Time Notice for Repeated Overdraft Exception Hold Notice of hold   Account Number: [Number]   Date of Notice: [Date]   We are delaying the availability of checks deposited into your account due to repeated overdrafts of your account. For the next six months, deposits will generally be available on the (number) business day after the day of your deposit for checks drawn on (bank name), the (number) business day after the day of your deposit for local checks, and the (number) business day after the day of deposit for nonlocal checks. Checks (not drawn on us) that otherwise would have received next-day availability will be treated as either local or nonlocal checks depending on the location of the paying bank. {{8-31-04 p.7418.37}} C--16--Case-by-Case Hold Notice Notice of Hold   Account number: (number)   Date of deposit: (date)   We are delaying the availability of $(amount being held) from this deposit. These funds will be available on the (number) business day after the day of your deposit (subject to our cash withdrawal limitation policy).   [If you did not receive this notice at the time you made the deposit and the check you deposited is paid, we will refund to you any fees for overdrafts or returned checks that result solely from the additional delay that we are imposing. To obtain a refund of such fees, (description of procedure for obtaining refund).] C--17--Notice at Locations Where Employees Accept Consumer Deposits FUNDS AVAILABILITY POLICY Description of deposit When funds can be withdrawn by cash or check Direct deposits The day we receive the deposit. Cash, wire transfers, cashier's, certified, teller's, or government checks, checks on (bank name) [unless (any limitation related to branches in different check processing regions)], and the first $100 of a day's deposits of other checks. The first business day after the day of deposit. Local checks The second business day after the day of deposit. Nonlocal checks The fifth business day after the day of deposit. C--18--Notice at Locations Where Employees Accept Consumer Deposits (Case-by-Case Holds) (permanent schedule) FUNDS AVAILABILITY POLICY   Our general policy is to allow you to withdraw funds deposited in your account on the (number) business day after the day we receive your deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the (number) business day. Then, the funds will generally be available by the fifth business day after the day of deposit. C--19--Notice at Automated Teller Machines AVAILABILITY OF DEPOSITS   Funds from deposits may not be available for immediate withdrawal. Please refer to your institution's rules governing funds availability for details. C--20--Notice at Automated Teller Machines (Delayed Receipt) NOTICE   Deposits at this ATM between (day) and (day) will not be considered received until (day). The availability of funds from the deposit may be delayed as a result. C--21--Deposit Slip Notice   Deposits may not be available for immediate withdrawal. C--22--Expedited Recredit Claim, Valid Claim Refund Notice Notice of Valid Claim and Refund   We have determined that your substitute check claim is valid. We are refunding (amount) [of which [(amount) represents fees] [and] [(amount) represents accrued interest]] to your account. You may withdraw these funds as of (date). [This refund is the amount in excess of the $2,500 [plus interest] that we credited to your account on (date).] {{8-31-04 p.7418.38}} C--23--Expedited Recredit Claim, Provisional Refund Notice Notice of Provisional Refund   In response to your substitute check claim, we are refunding (amount) [of which [(amount) represents fees] [and] [(amount) represents accrued interest]] to your account, while we complete our investigation of your claim. You may withdraw these funds as of (date). [Unless we determine that your claim is not valid, we will credit the remaining amount of your refund to your account no later than the 45th calendar day after we received your claim.]   If, based on our investigation, we determine that your claim is not valid, we will reverse the refund by withdrawing the amount of the refund [plus interest that we have paid you on that amount] from your account. We will notify you within one day of any such reversal. C--24--Expedited Recredit Claim, Denial Notice Denial of Claim   Based on our review, we are denying your substitute check claim. As the enclosed (type of document, for example original check or sufficient) shows, (describe reason for denial, for example the check was properly posted, the signature is authentic, there was no warranty breach).   [We have also enclosed a copy of the other information we used to make our decision.] [Upon your request, we will send you a copy of the other information that we used to make our decision.] C--25--Expedited Recredit Claim, Reversal Notice Reversal of Refund   In response to your substitute check claim, we provided a refund of (amount) by crediting your account on (date(s)). We now have determined that your substitute check claim was not valid. As the enclosed (type of document, for example original check or sufficient copy) shows, (describe reason for reversal, for example the check was properly posted, the signature is authentic, there was no warranty breach). As a result, we have reversed the refund to your account [plus interest that we have paid you on that amount] by withdrawing (amount) from your account on (date).   [We have also enclosed a copy of the other information we used to make our decision.] [Upon your request, we will send you a copy of the information we used to make our decision.] [Codified to 12 C.F.R. Part 229, Appendix C] [Appendix C amended at 53 Fed. Reg. 31293, August 18, 1988, effective September 1, 1988; 55 Fed. Reg. 21855, May 30, 1990, effective May 22, 1990; 56 Fed. Reg. 7801, February 26, 1991, effective September 1, 1990; 57 Fed. Reg. 3280, January 29, 1992, effective January 15, 1992; 60 Fed. Reg. 51671, October 3, 1995, effective November 2, 1995; 62 Fed. Reg. 13811, March 24, 1997, effective April 28, 1997; 62 Fed. Reg. 48752, September 17, 1997, effective October 17, 1997; 69 Fed. Reg. 47315, August 4, 2004, effective October 28, 2004, except for model form C--5A in Appendix C, which is effective on January 1, 2006] [Main Tabs]     [Table of Contents - 6500]     [Index]     [Previous Page]     [Next Page]     [Search]

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