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Funds Availability

Regulation CC Disclosure
(Funds Availability Policy)

This information has been assembled and provided to you in accordance with federal regulations. Please keep this with your other important papers and refer to it when needed.

Your Ability To Withdraw Funds From Your Checking Account
Our policy is to make funds from your deposits to your account available to you on the day we receive your deposit, unless you are advised of a delay. On the day you make a deposit, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

If you make a deposit in person, to one of our employees, we will consider that day to be the day of your deposit. However, if you make a deposit on a day that particular office is not open, we will consider the deposit made on the next business day for that office.

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 closing 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 closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Special Rules For UNITED SA Automated Teller Machines
Deposits made to your Checking Account through the Automated Teller Machine may be available next day if your deposits are made prior to 7:00 AM CST and the items are not subject to delays.

Member Responsibility
Please remember that even after we have made funds available to you and you have withdrawn the funds from your account, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

Types Of Deposits Not Subject To Delay
Funds from deposits of cash, wire transfers, U.S. Treasury, cashier’s, certified, teller’s, travelers, state and local government checks will be available on the day of your deposit if the items are payable to you (or a signatory on the account), the account is in good standing, and not subject to one of the delays outlined below.

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 same business day we receive your deposit. Funds may not be available until the second business day after the day of your deposit. However, the first $200.00 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 same 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 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.

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 seventh business day after the day of your deposit.

Special Rules for New Accounts
If you are a new member, the following special rules will apply during the first 30 days of your membership. Funds from electronic direct deposits into 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 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 seventh business day after the day of your deposit.

Holds on Other Funds
If we accept for deposit a check that is drawn on another bank, we may cash a check or 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 any Account with us. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

UNITED SA Right To Refuse A Deposit
UNITED SA reserves the right to refuse check(s) for deposit.

This document forms part of the agreement between UNITED SA and you, as a member, with regard to any and all of the services provided and are set out in this document. Services are subject to change without notice.