Does the credit union put a hold on checks?

Holds are placed on deposited checks in order to verify the funds are collectible. This protects the member and the credit union from potential fraud and loss. Our general policy is to make funds from check deposits available to you on the first business day after the day of the deposit.  Depending on the type and amount of check you deposit, in addition to how you deposit the check, longer holds may apply.  In that case, the first $200 of your deposits may be made available on the first business day.  Examples of when longer holds may apply include:

  • Checks deposited at a foreign (non-USF FCU) ATM
  • Checks deposited via mobile deposit
  • Checks totaling more than $5,000 in any one day
  • Checks deposited within the first 30 days of account opening
  • Foreign checks drawn on a financial institution located outside the US
  • If we have reason to doubt the collectability of the check

 Please refer to our Universal Account Agreement for full details.

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