Our policy is to make funds available that you deposit in your account the first business day after the day you make your deposit. However, in some circumstances, delays may occur.  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 4:00 p.m. on a business day we are open, we will consider that day to be the day of your deposit.  However, if you make a deposit after 4:00 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.

The length of any delay varies depending on the type of deposit and is explained below.

Availability

Funds from electronic direct deposits to your account will be available on the day we receive the deposit.  All other deposits will be available no later than the second business day after the day of your deposit. However, the first $200 of your deposits will be available on the first business day.

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 communications or computer 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.

Special Rules for New Accounts

Funds from deposits of checks drawn on The Eastern Colorado Bank will be available on the first business day after the day of your deposit.

Funds from other check deposits will be available on the ninth business day after the day of your deposit.