Funds Availability Policy

P.O. Box 610 
Quinton, OK 74561-0610
(918) 469-3337
 
Your Ability to Withdraw Funds
Our policy is to make funds from your checking and savings 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. Mobile check deposits made before 2:30 p.m. CST, on a business day, will typically be available on the next business day. If you make a mobile check deposit after 2:30 p.m. CST or on a non-business day, we will consider that the deposit was made on the next business day. Once a deposit is made available, you may withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays.
 
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 business day after the day of your deposit. The first $225 of your deposit, however, may be available on the first business day. 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 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 decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit 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 circumstances:
(1) We believe a check you deposit will not be paid.
(2) You deposit checks totaling more than $5,525 on any one day.
(3) You redeposit a check previously returned unpaid.
(4) You have overdrawn your account repeatedly in the last six months.
(5) There is an emergency, such as a failure of computer or communication equipment.
 
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 7th business day stated above after the day of your deposit.
 
Holds on Other Funds
If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay the availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Automated Teller Machine Deposits (Extended Hold)
Funds from any deposits (cash or checks made at an Automated Teller Machine (ATMs) we do not operate will not be available until the fifth business day after the day of your deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines.

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 to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfer, and the first $5,525 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s and 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. For example, the checks must be made payable to you (and you may have to use a special deposit slip). The excess over $5,525 will be available on the ninth business day after the date of your deposit. If the deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525 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 7th business day after the day of your deposit.
 
Revised July 1, 2020