First Community Bank
Deposited Funds Availability Disclosure
YOUR ABILITY TO WITHDRAW FUNDS AT FIRST COMMUNITY BANK. Our policy is
to delay the availability of funds from cash and check deposits. During the
delay, the customer may not withdraw the funds in cash and we will not use
the funds to pay checks that they have written.
For determining the availability of a deposit, the length of the delay is
counted in business days from the day of the deposit. Everyday is a business
day, except Saturdays, Sundays, and federal holidays. We have different
deposit cut-off hours for different locations. Our earliest cut-off hour is
3:00 PM MST. If the customer makes a deposit before our cut-off hour on a
business day that we are open, we will consider that day to be the day of
the deposit. However, if they make a deposit after our cut-off hour or in 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 the delay varies depending on the
type of deposit and is explained below.
Same-Day Availability. Funds from electronic direct deposits will be
available on the day we receive the deposit.
Next-Day Availability. Funds from the following deposits are
available on the first business day after the day we receive your deposit:
• U.S. Treasury checks that are payable to you
• Wire Transfers
• Checks drawn on First Community Bank
If a deposit is made in person to one of our employees, funds from the
following deposits are also available on the first business day after the
day we receive the deposit:
• Cash.
• State and local government checks that are payable to
the customer.
• Cashier's, certified, and teller's checks that are
payable to the customer.
• Federal Reserve Bank checks, Federal Home Loan Bank
checks, and postal money orders, if these items are payable to the customer
If the customer does not make their deposit in person to one of our
employees (for example, if they mail the deposit), funds from these deposits
will be available on the second business day after the day we receive the
deposit.
Availability of Other Check Deposits. The delay for other check
deposits depends on whether the check is a local or a non local check. To
see whether a check is a local or a non local check, look at the routing
number on the check.
Holds On Other Funds. If we cash a check for
the customer that is drawn on another financial institution, we may withhold
the availability of a corresponding amount of funds that are already in
their account. Those funds will be available at the time funds from the
check we cashed would have been available if they had deposited it. If we
accept for deposit a check that is drawn on another financial institution,
we may make funds from the deposit available for withdrawal immediately but
delay their availability to withdraw a corresponding amount of funds that
they have on deposit in another account with us. The funds in the other
account would then not be available for withdrawal until the time periods
that are described elsewhere in this disclosure for the type of check that
they deposited.
Special Rules for New Accounts. If they are
a new customer, the following special rules will apply during the first 30
days the account is open:
Funds from electronic direct deposits to the customers 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, travelers, and federal, state and local government
checks will be available on the first business day after the day of their
deposit if the deposit meets certain conditions. For example, the checks
must be payable to the customer. The excess over $5,000 will be available on
the ninth business day after the day of their deposit. If their 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 their day of their deposit.
Funds from deposits of checks drawn on First Community Bank will be
available on the first business day after the day of their deposit.
Funds from all other check deposits will be available on the eleventh
business day after the day of their deposit for local checks and the
eleventh business day for non-local checks.
Member FDIC
