funds

1. Assumptions of Credit Union's Funds Availability Policy

a. Deposit cutoff time:
5:00 PM Monday thru Thursday -

Downingtown and

West Chester Offices

6:00 PM Fridays - West Chester & Downingtown Office

b. Same day availability – all deposits

c. Safeguard exceptions – Case by Case Holds

Follows statutory list*

Adopts two or five business day hold after the day of the deposit when exception is involved

First $100 will be available the same day.

d.
New accounts – An account is considered new for 30 calendar days after it is opened. An account is not new if the member has held another account with the credit union for at least 30 days.

Follows statutory list*

Adopt two business day hold after the day of the deposit on all "other checks"

First $100 will be available the same day.

2. Funds Availability Schedule

YOUR ABILITY TO WITHDRAW FUNDS AT KEYSTONE FEDERAL CREDIT UNION, 370 WEST UWCHLAN AVENUE, DOWNINGTOWN, PA and 1052 ANDREW DRIVE, WEST CHESTER, PA

Our policy is to make funds from your deposits available to you on the same business day we receive your deposit. At that time, 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 PM on a business day that we are open or before 6 PM on Friday that we are open at the West Chester and Downingtown office, we will consider that day to be the day of your deposit.

3. 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 deposited will not be paid.

You deposit checks totaling more than $5,000 on any one day.

You deposit 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 problems.

Yours is a new account.

We will notify you if we delay your ability to withdraw funds for any reason and we will inform you when the funds will be available. Funds will generally be available no later than the second business day after your deposit or the fifth business day after your deposit if paying institution is out of our Federal Reserve District.

*Statutory List

U.S. Treasury or Federal Reserve Bank Checks

Postal Service Money Orders

Cashier’s Checks

Certified or Teller’s Checks

State or Local Government Checks

1.	Assumptions of Credit Union's Funds Availability Policy
	a.	Deposit cutoff time:	5:00 PM Monday thru Thursday -	Downingtown and
				West Chester Offices
			6:00 PM Fridays - West Chester & Downingtown Office

	b.	Same day availability – all deposits
	c.	Safeguard exceptions – Case by Case Holds
		Follows statutory list* Adopts two or five business day hold after the day of the deposit when exception is involved First $100 will be available the same day.
	d.	New accounts – An account is considered new for 30 calendar days after it is opened. An account is not new if the member has held another account with the credit union for at least 30 days.
		Follows statutory list* Adopt two business day hold after the day of the deposit on all "other checks" First $100 will be available the same day.
2.	Funds Availability Schedule
	YOUR ABILITY TO WITHDRAW FUNDS AT KEYSTONE FEDERAL CREDIT UNION, 370 WEST UWCHLAN AVENUE, DOWNINGTOWN, PA and 1052 ANDREW DRIVE, WEST CHESTER, PA
	Our policy is to make funds from your deposits available to you on the same business day we receive your deposit. At that time, 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 PM on a business day that we are open or before 6 PM on Friday that we are open at the West Chester and Downingtown office, we will consider that day to be the day of your deposit.
3.	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 deposited will not be paid. You deposit checks totaling more than $5,000 on any one day. You deposit 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 problems. Yours is a new account.
	We will notify you if we delay your ability to withdraw funds for any reason and we will inform you when the funds will be available. Funds will generally be available no later than the second business day after your deposit or the fifth business day after your deposit if paying institution is out of our Federal Reserve District.
	*Statutory List U.S. Treasury or Federal Reserve Bank Checks Postal Service Money Orders Cashier’s Checks Certified or Teller’s Checks State or Local Government Checks