Dollar Bank Funds Availability Policy

Dollar Bank Funds Availability Policy

SUMMARY OF POLICY

• If you have questions about the availability of a specific deposit, ask branch management (or the officer responsible for your account).
• If you need expedited availability, discuss those needs with branch management (or the officer responsible for your account).
• Regardless of the time or type of day, the first $100 of checks deposited during a day is fully available on the day of deposit whether deposited with a teller of the Bank or through an automated teller machine ("ATM").
• Remember that the check collection system does not operate on weekends and federal holidays. Only weekdays that all banks are open are considered business days for availability purposes. Deposits made on days that are not business days, including Saturday, are treated, for availability purposes only, as though deposited on the next business day.
• To ensure availability as shown below, make deposits in ATMs before 2:30 P.M. and make deposits with a teller of the Bank before 3:00 P.M. Deposits made after these times are treated, for availability purposes only, as though deposited on the next business day.
• If you deposit $5,100 or less during a day, funds not available on the day of deposit will be fully available on the next business day unless you deposit through an ATM not owned by the Bank. If the next day is not the next business day for purposes of availablitiy, $100 will be made available on that day, unless you deposit through an ATM.
• If you deposit more than $5,100 during a day, the excess over $5,100 may not be available on the next business day. If you make the deposit with a teller of the Bank and some funds are not fully available on the next business day, your receipt will indicate how much will not be available and when all funds will be fully available.
• The excess over $500 in deposits of checks and cash made through an ATM not owned by the Bank during a day will be fully available on the sixth business day after the day of deposit.

DETAILED POLICY ON AVAILABILTY

Expedited Availability

We recognize that many customers will occasionally need expedited availability greater than what is indicated below. In that case, please discuss your needs with branch management or the bank officer responsible for your account before going to a teller.

Fully Available

The funds in an account that are fully available can be used for withdrawal in cash and for electronic and check payments. The Bank may refuse to honor requests for withdrawal or payment against funds that are not fully available.

Immediate Availability Regardless of Time or Type of Day

Deposits of cash received by a teller of the Bank are fully available on the day of deposit.

Deposits through an ATM or by check received by a teller of the Bank are fully available on the day of deposit up to a maximum of $100.

The two rules above are not affected by whether the day is a business day or not or whether the deposit is received before or after the relevant cut-off time.

Business Days

In general, business days are weekdays on which banks and the Federal Reserve Banks are open and exchange checks. Saturdays, Sundays, and federal holidays are not business days even if one or more of Dollar Bank's branches are open.

Except as described above, deposits of any kind made on a day that is not a business day are treated, for availability purposes only, as though made on the first business day after the day of deposit.

Cut-Off Times

The cut-off time on business days for deposits at ATMs and for deposits of funds transmitted by electronic means is 2:30 P.M.

Most branches have a cut-off time of 3:00 P.M., but some branches have a later cut-off time. Each branch has its cut-off time posted. Also, if you make a deposit by mail and we receive the deposit by 3:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit.

In general, deposits in a night depository made during a day that is not a business day or made during a business day after the branch containing the night depository is open for business are treated as though made through a teller on the next business day before the next business day's cut-off time for that branch.

Except as described above, deposits of any kind made after the relevant cut-off time are treated, for availability purposes only, as though made on the first business day after deposit.

The time periods for availability discussed below assume that deposits are made on a business day before the relevant cut-off time.

Funds Transmitted By Electronic Means

Deposits by means of a wire transfer or ACH credit transfer are fully available on the day of deposit.

Next Business Day Availability

Deposits by checks drawn on the Bank or the U.S. Treasury made payable to you and received by a teller of the Bank or through an ATM of the Bank are fully available on the first business day after the day of deposit.

Other deposits by check are fully available on the first business day after deposit up to a maximum of $5,100, no more than $500 of which can be deposited through an ATM not owned by the Bank. In calculating the maximum, funds made fully available on the day of deposit are included. For example, a check for $5,200 deposited through a teller of the Bank at 11:00 A.M. on Monday will have $100 fully available on Monday, a further $5,000 will be fully available on Tuesday (unless Tuesday is not a business day, in which case see Next Day Availability), and the $100 remaining will be fully available as discussed below in Later Availability.

Next Day Availability

If the next day after the day of deposit is not the next business day for purposes of availability, $100 will be made available on that day, and on any following day that would not be considered the next business day, unless you deposit through an ATM. Next Day Availability does not affect amounts that would otherwise be available under Next Business Day Availability or Later Availability. For example, a check for $5,200 deposited through a teller of the Bank at 11:00 AM on Friday will have $100 fully available on Friday, a further $100 will be fully available on Saturday, another $100 will be fully available on Sunday, $4,800 will be fully available on Monday, and the $100 remaining will be fully available as discussed below in Later Availability.

Later Availability

Amounts deposited in excess of $500 through an ATM not owned by the Bank will be fully available on the sixth business day after the day of deposit. All ATMs owned by the Bank have the Bank's name on them.

Amounts deposited in excess of $5,100 to $50,000 at an ATM owned by the Bank will be available on the fourth business day after the day of deposit. Amounts deposited in excess of $50,000 at an ATM owned by the Bank will be available the fifth business day after the day of deposit.

Amounts deposited in excess of $50,000 at an ATM owned by the Bank will be available the fifth business day after the day of deposit.

Amounts deposited in excess of $5,100 but not exceeding $50,000 with a teller of the Bank will be fully available no later than the third business dayafter the day of deposit (except as noted with reference to ATM’s) for local checks and the fifth business day after the day of deposit for non-local checks.

Amounts in excess of $50,000 deposited with a teller of the Bank will be fully available no later than the fourth business day after the day of deposit (except as noted with reference to ATMs not owned by the Bank) for local checks and the sixth business day after the day of deposit for non-local checks.

To find out if a check is local or non-local, look at the first four digits of the routing number on the check. Routing numbers are typically the first set of numbers in the long string of numbers at the bottom of a check. An example of a check highlighting the routing number is available upon request at any Dollar Bank branch, via mail at Dollar Bank, P.O. Box 765, Pittsburgh, PA 15230, via e-mail at customerservice@dollarbank.com or by calling 1-800-242-1616. An example is also available online at www.dollarbank.com/LocalCheckGuide.

Please be aware that some checks are marked "payable through" and have a four - or nine – digit number nearby. For these checks, use the four – digit number (or the first four digits of the nine – digit number), not the routing number on the bottom of the check, to determine if these checks are local or non – local. Once you have determined the first four digits of the routing number, the following list will show you which checks are local. All other numbers are non – local.

Local Routing Numbers: 0410, 0411, 0412, 0430, 0432, 0433, 0434, 0435, 2410, 2412, 2413, 2414, 2430, 2432, 2433, 2434

For deposits received by a teller of the Bank, the deposit receipt will show the amount of any funds that will not be fully available immediately or on the next business day and the date on or before which all those funds will become fully available.

Holds on Other Funds

If the Bank cashes a check for you, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will become fully available again at the time funds from the check cashed would have been available if deposited.

Extended Holds

In certain situations, at the Bank's discretion, it may delay availability beyond the times shown above. Such situations include:

(a) The Bank has grounds for believing that a check will not be paid;

(b) A check that has previously been dishonored is re-deposited;

(c) Your deposits for the day exceed $500,000;

(d) One or more of your accounts has been repeatedly overdrawn in the last six months; or

(e) There is an emergency, such as a failure of communications or computer equipment.

The Bank will send you notice by U.S. mail on the first business day after it determines to delay availability in such situations. The notice will specify the reason for the delay, the amount involved, and when the funds will become fully available. In general, funds will become fully available no later than seven business days after the item or items were deposited or re-deposited.

New Customers

If you are a new customer, the following special rules will apply during the first thirty days that your account(s) is (are) open. Please tell us if you are an established customer opening an additional account to prevent inadvertent application of these rules.

The first $100 of checks deposited during a day is fully available on the day of deposit if deposited with a teller of the Bank.

The first $5,000 of a day’s total deposit of U.S. Postal Service money orders, Federal Reserve Bank checks, Federal Home Loan Bank checks, cashier’s, certified, and teller’s checks, traveler’s checks, and Ohio and Pennsylvania state and local government checks will be available on the first business day after the day of deposit.

Other deposits by check are fully available on the first business day after the day of deposit up to a maximum of $500.

Funds from all other check deposits, other than checks drawn on the Bank or the U.S. Treasury made payable to you and received by a teller of the Bank or through an ATM of the Bank, will be available on the fifth business day after the day of your deposit.

We remind new customers to discuss availability needs with branch management if this special rule is likely to cause inconvenience. This rule may be waived if the Bank deems such waiver appropriate.