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Funds Availablity Policy

Your Ability to Withdraw Funds (Effective 09/13/11)

Our policy is to make funds from your cash or check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available you can withdraw them in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit during regular business hours on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after regular business hours or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

Deposits Made at Spring Hill State Bank ATMs

Deposits made at the ATM machine located at the Main Bank on Gilmer Road before 3:00 pm on a business day that we are open (not including Saturday, Sunday or federal holidays) will be considered the day of your deposit. If the deposit is made at the ATM after 3:00 pm or on a day we are not open, it will be considered that the deposit was made on the next business day that we are open. Deposits are not available to be made at the Hollybrook Branch location ATM.

Longer Delays May Apply

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second day after the day of your deposit. The first $200.00 of your deposits, however, may be available on the first business day after the day of your deposit.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. This notification will include:

  • A number of at least 4 digits that identifies your account;
  • The date of the deposit;
  • The amount of the hold to be placed on the deposit; and,
  • The day the funds will be available for withdrawal

If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the first business day after we receive your deposit.

If you need the funds right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstance: We believe a check you deposit will not be paid

  • We believe a check you deposit will not be paid
  • You deposit checks totaling more than $5,000.00 or any one day
  • You re-deposit a check that has been returned unpaid
  • You have overdrawn your account repeatedly in the last six months
  • There is an emergency, such as failure of computer or communications equipment

7 days is typically the longest period of time for Exception holds. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

Special Rules for New Accounts

If you are a new customer, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits into your 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, certified, teller's, traveler's, federal state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. 9 days is the longest period of time for New Account Exception Holds. For example, the check must be payable to you. The excess over $5,000 will be available on the ninth day after the day of your deposit. If your deposit of these checks (other than a US 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 the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit.