FUNDS AVAILABILITY POLICY DISCLOSURE CHANGES – EFFECTIVE JULY 1, 2020

DescriptionOriginal AmountNew Amount Effective 7/1/2020
Minimum amount from certain checks that are subject to next-day availability $200.00$225.00
Amount that must be available when the EFA Act’s permissive adjustment to the funds availability rule for withdrawals by cash $400.00$450.00
The amount subject to next-day availability for certain check deposited into a new account $5,000.00$5,525.00
The threshold amount to use the exception hold for large deposits $5,000.00$5,525.00
Threshold overdraft amount for determining whether an account has been repeated overdrawn and subject to an exception hold $5,000.00$5,525.00