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Funds Availability Policy

Effective May 1, 2024

Summary Of Policy

The policy of Dollar Bank (the “Bank”) on funds availability is specified in the sections that follow this summary. In case of a contradiction between this summary and the detailed policy specified in the following sections, the detailed policy controls.

  • If you have questions about the availability of a specific deposit, ask branch management (or the officer responsible for your account).
  • If you need expedited availability, discuss those needs with branch management (or the officer responsible for your account).
  • Regardless of the time or type of day, the first $125 of checks deposited during a day is fully available on the day of deposit whether deposited with a teller of the Bank, via Mobile Deposit (“MD”), through an automated teller machine (“ATM”) or using a Bank Personal Teller Machine (“PTM”).
  • Remember that the check collection system does not operate on weekends and federal holidays. Only weekdays that all banks are open are considered business days for availability purposes. Deposits made on days that are not business days, including Saturday, are treated, for availability purposes only, as though deposited on the next business day.
  • To ensure availability as shown below for MD, ATM and PTM deposits made on business days, complete those deposits before 8:00 PM. MD, ATM and PTM deposits that are completed after 8:00 PM on business days are treated, for availability purposes only, as though deposited on the next business day.
  • If you deposit $5,750 or less during a day, funds not available on the day of deposit will be fully available on the next business day unless you deposit through an ATM not owned by the Bank. If the next day is not the next business day for purposes of availability, $125 will be made available on that day, unless you deposit through an ATM.
  • If you deposit more than $5,750 during a day, the excess over $5,750 may not be available on the next business day. If you make the deposit with a teller of the Bank and some funds are not fully available on the next business day, your receipt will indicate how much will not be available and when all funds will be fully available.
  • The excess over $525 in deposits of checks and cash made through an ATM not owned by the Bank during a day will be fully available on the fifth business day after the day of deposit.


Detailed Policy on Availability

Expedited Availability

We recognize that many customers will occasionally need expedited availability greater than what is indicated below. In that case, please discuss your needs with branch management or the bank officer responsible for your account before going to a teller.

Fully Available

The term "fully available" means that the funds will be added to the account’s available balance and can be withdrawn in any manner without restriction such as by cash or other irrevocable withdrawal such as ACH payments or a certified check. The Bank may refuse to honor requests for withdrawals in cash or other irrevocable payments against funds that exceed your available balance.

Immediate Availability Regardless of Time or Type of Day

  • Deposits of cash received by a teller of the Bank are fully available on the day of deposit.
  • Deposits through an ATM or by check received by a teller of the Bank are fully available on the day of deposit up to a maximum of $125.

The two rules above are not affected by whether the day is a business day or not or whether the deposit is received before or after the relevant cut-off time.

Business Days

In general, business days are weekdays on which banks and the Federal Reserve Banks are open and exchange checks. Saturdays, Sundays and federal holidays are not business days even if one or more of Dollar Bank’s branches are open.

Except as described above, deposits of any kind made on a day that is not a business day are treated, for availability purposes only, as though made on the first business day after the day of deposit.

Cut-Off Times

The cut-off time on business days for deposits made via ATM, PTM or MD and for deposits of funds transmitted by electronic means is 8:00 PM.

Deposits made with a teller of the Bank in a branch location on a business day are not subject to a cut-off time and are treated, for availability purposes, as though deposited on that business day.

In general, deposits in a night depository made during a day that is not a business day or made during a business day after the branch containing the night depository is open for business are treated as though made through a teller on the next business day.

Except as described above, deposits of any kind made after the relevant cut-off time are treated, for availability purposes only, as though made on the first business day after deposit. 

The time periods for availability discussed below assume that deposits are made on a business day before the relevant cut-off time.

Funds Transmitted by Electronic Means

Deposits by means of a wire transfer or ACH credit transfer are fully available on the day of deposit.

Next Business Day Availability

Deposits by checks drawn on the Bank or the U.S. Treasury made payable to you and received via MD, PTM, by a teller of the Bank or through an ATM owned by the Bank are fully available on the first business day after the day of deposit.

Other deposits by check are fully available on the first business day after deposit up to a maximum of $5,750, no more than $525 of which can be deposited through an ATM not owned by the Bank. In calculating the maximum, funds made fully available on the day of deposit are included. For example, a check for $6,500 deposited through a teller of the Bank at 11:00 AM on Monday will have $125 fully available on Monday, a further $5,625 will be fully available on Tuesday (unless Tuesday is not a business day, in which case see Next Day Availability) and the $750 remaining will be fully available as discussed below in Later Availability.

Next Day Availability

If the next day after the day of deposit is not the next business day for purposes of availability, $125 will be made available on that day, and on any following day that would not be considered the next business day, unless you deposit through an ATM not owned by the Bank. The first $225 of Next Day Availability does not affect amounts that would otherwise be available under Next Business Day Availability or Later Availability. For example, a check for $6,500 deposited through a teller of the Bank at 11:00 AM on Friday will have $125 fully available on Friday, a further $125 will be fully available on Saturday, another $125 will be fully available on Sunday, $5,375 will be fully available on Monday and the $750 remaining will be fully available as discussed below in Later Availability. 

Later Availability

  • Amounts deposited in excess of $525 through an ATM not owned by the Bank will be fully available on the fifth business day after the day of deposit. All ATMs owned by the Bank have the Bank’s name on them.
  • Amounts deposited in excess of $5,750 but not exceeding $50,000 received via MD, PTM, by a teller of the Bank or at an ATM owned by the Bank will be fully available no later than the third business day after the day of deposit (except as noted with reference to ATMs not owned by the Bank).
  • Amounts deposited in excess of $50,000 received via MD, PTM, by a teller of the Bank or at an ATM owned by the Bank will be fully available no later than the fourth business day after the day of deposit (except as noted with reference to ATMs not owned by the Bank).
  • For deposits received by a teller of the Bank, the deposit receipt will show the amount of any funds that will not be fully available immediately or on the next business day and the date on or before which all those funds will become fully available.

Holds on Other Funds

If the Bank cashes a check for you, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will become fully available again at the time funds from the check cashed would have been available if deposited.

Extended Holds

In certain situations, at the Bank’s discretion, it may delay availability beyond the times shown above. Such situations include:

(a) The Bank has grounds for believing that a check will not be paid;

(b) A check that has previously been dishonored is re-deposited;

(c) Your deposits for the day exceed $500,000;

(d) One or more of your accounts has been repeatedly overdrawn in the last six months; or

(e) There is an emergency, such as a failure of communications or computer equipment.

The Bank will send you notice by U.S. mail on the first business day after it determines to delay availability in such situations. The notice will specify the reason for the delay, the amount involved and when the funds will become fully available. In general, funds will become fully available no later than seven business days after the item or items were deposited or re-deposited.

New Customers

If you are a new customer, the following special rules will apply during the first thirty days that your account(s) is (are) open. Please tell us if you are an established customer opening an additional account to prevent inadvertent application of these rules.

  • The first $125 of checks deposited during a day is fully available on the day of deposit if deposited with a teller of the Bank.
  • The first $5,525 of a day’s total deposit of U.S. Postal Service money orders, Federal Reserve Bank checks, Federal Home Loan Bank checks, cashier’s, certified and teller’s checks, traveler’s checks and Maryland, Ohio, Pennsylvania and Virginia state and local government checks will be available on the first business day after the day of deposit.
  • Other deposits by check are fully available on the first business day after the day of deposit up to a maximum of $525.
  • Funds from all other check deposits, other than checks drawn on the Bank or the U.S. Treasury made payable to you and received by a teller of the Bank or through an ATM of the Bank, will be available on the fifth business day after the day of your deposit.
  • Amounts in excess of $50,000 deposited with a teller of the Bank will be fully available no later than the sixth business day after the day of deposit.
  • We remind new customers to discuss availability needs with branch management if this special rule is likely to cause inconvenience. This rule may be waived if the Bank deems such waiver appropriate.


Early Direct Deposit

For deposits eligible for the Bank’s complimentary early direct deposit service, the Bank offers the benefit of making funds available up to two business days earlier than the scheduled payment date for certain ACH credit transactions deposited to customers’ retail accounts, such as payroll, military pay, tax refunds, government benefits and pensions.