Funds Availability

Our Policy is to try to make funds from deposits available the first business day after we receive them. In addition, our Policy is to make funds from deposits available in accordance with the Expeditied Funds Availability Act. The availability of funds deposited into an account may vary and is explained below. When we delay the availability of funds, the funds may not be withdrawn in cash and we will not pay checks written on an account by using these funds.

DETERMINING AVAILABILITY OF DEPOSITS

When we delay the customer’s ability to withdraw funds, the length of the delay is counted in business days from the date of deposit. Every day except Saturday, Sunday, and a Federal holiday is a business day. A deposit will be considered received, however, only on business days. For example, if a deposit occurs on Thanksgiving, we consider the deposit made on Friday, the next day we are open for business. And if a deposit is made after 6:00 p.m. on any given business day, we consider it made on the next business day. All deposits of international items may be delayed until the funds can be collected. Collection times can vary with the point of origin.

Same Day Availability

A customer may withdraw the entire amount of a deposit of cash, on-us checks drawn on available funds, wire transfers or pre-authorized electronic funds transfers such as Social Security benefits and payroll direct deposits.

Next Day Availability

If a customer makes a deposit in person to one of our Park Bank employees, funds from the deposit are available on the first business day after the day of the customer's deposit. ext business day after the business day of the deposit. In addition, a customer may withdraw the entire amount of the following deposits on the next business day after the business day of a deposit.

ATM Deposits

If deposits are made at automated teller machines (ATM) before 2:30 p.m., a depositor may withdraw funds from the deposits, whether cash or checks, on the second business day following the business day of the deposit.

LONGER DELAYS MAY APPLY

We may delay the availability to withdraw funds from up to eleven additional business days deposited by check into an account for these reasons:

• If we believe the check being deposited is uncollectible.
• If deposits in any one day exceed $5,000.
• If a check is re-deposited that has been returned unpaid.
• If the account has been overdrawn six or more times in the last six months.

We will notify the depositor if we delay funds longer than our normal policy and inform the depositor when the funds will be available.

CASE BY CASE

In some cases, we will not make all of the funds that you deposit available to you on the first or second business day after your deposit. Depending of the type of check that you deposit, funds may not be available to the second or fifth business day of your deposit.

If we are not going to make all of the funds from your deposit available on the first or second business day after we receive your deposit, we will notify you at the time you make the deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we take this action after you have left the premises, we will mail you a notice by the end of the day we receive your deposit. You should ask when your deposit will be available for withdrawal.

SPECIAL RULES FOR NEW ACCOUNTS

For new accounts, we may further limit the ability to withdraw funds deposited by check, but only during the first 30 days. A depositor may still withdraw funds on the same business day of a deposit if made in cash or by electronic funds transfer. A depositor also has next-day availability for the following deposits (if they meet certain requirements): government checks, Cashier’s checks, Traveler’s checks, Teller’s checks or certified checks. However, withdrawals of these check deposits are limited to the first $5,000 of a day’s total deposits. (The rest are available on the seventh business day of deposit.) For all other check deposits, the depositor may withdraw the deposited funds after four business days.