Funds Availability Policy Disclosure
This disclosure describes your ability to withdraw funds at SRU Federal Credit Union. It only applies to the availability of funds in transaction accounts. The Credit Union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those disclosed in this policy. Please ask us if you have a question about which accounts are affected by this policy.
- GENERAL POLICY — Our policy is to make funds from your cash and check deposits available to you on the same business day after 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 5:00 p.m. 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 5:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.
- RESERVATION OF RIGHT TO HOLD — In some cases, we will not make all of the funds that you deposit by check available to you on the next business day after we receive your
deposit. Funds may not be available until the second business day after the day of your deposit. However, the first $225.00 of your deposit will be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the next 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 next business 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. - LONGER DELAYS MAY APPLY — We may delay your ability to withdraw funds deposited by check into your account an additional number of days for these reasons:
- We believe a check you deposit will not be paid.
- You deposit checks totaling more than $5,525.00 on any one (1) day.
- You deposit 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 communications or computer equipment.
- You are a new member and the deposit is made during the first 30 days your account is open.
- DEPOSITS AT NONPROPRIETARY ATMS — 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 date of your deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines.
- FOREIGN CHECKS — Checks drawn on financial institutions located outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes us to collect the funds from the financial institutions upon which it is drawn.
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Arrowhead Credit Union Mobile Deposit Limit, Daily, Weekly, & Monthly
20th August 2022 Transfer Code
Here are the answers for those searching the Arrowhead Credit Union mobile deposit limit in the US.
The guide will also elaborate on the fund’s availability policy and show you how to endorse your check.
Mobile deposit allows you to deposit your checks with your smartphone or tablet camera from anywhere through the Arrowhead mobile app.
Arrowhead Credit Union Mobile Deposit Limit
The Arrowhead Credit Union mobile deposit limit can be seen on the mobile app when you open the deposit tab.
You can also contact the credit union to enquire about your mobile deposit limits.
The credit union has the liberty to adjust your limits without necessarily consulting you.
This is the Arrowhead mobile deposit limit in the US.
Should I Endorse My Check For Mobile Deposit
Yes, you need to endorse the back of your check for mobile deposit.
A check may be rejected if it is not well endorsed.
Endorse your check with a signature, member number, and share ID.
This is how to endorse a check for Arrowhead mobile deposit in the US.
When Will My Funds Be Available
You will get an on-screen notification immediately after your deposit is successfully deposited.
Your funds may not be available immediately for withdrawal.
The information will be available in your transaction history
if your funds are on hold.
Your deposit will show in ‘Held for Review’ if further check review is required.
Deposits are usually reviewed Monday – Friday, except for federal holidays.
Mobile deposits under review are evaluated by the end of the next business day.
This is all you need to know about the US Arrowhead Credit Union mobile deposit.
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