Funds Availability Policy change effective July 1, 2020
The Federal Reserve is changing the amount of funds that can be made available when you deposit a check. Effective July 1, 2020, here’s what’s changing:
- The amount available for withdrawal for checks, not subject to next day availability, will increase from $200 to $225.
- The amount available for withdrawal on exception holds for large deposits and new accounts, not subject to next day availability, will increase from $5,000 to $5,525.
If you have any questions regarding these changes, please contact the credit union at 812-234-1021 or email at email@example.com