IMPORTANT
ACCOUNT INFORMATION FOR OUR CUSTOMERS
First State Bank of Forsyth 880 Main Street
Forsyth, MT 59327
(406)346-2111
YOUR ABILITY TO WITHDRAW FUNDS
This policy statement applies to all
transaction accounts only.
Our policy is to make funds from your cash, check, and
electronic direct deposits available to you immediately. At that
time, you can withdraw the funds 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you and you have withdrawn the funds, you are still responsible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 to us 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 before 4:00 p.m. 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 4:00 p.m. or on a
day we are not open, we will consider that the deposit was made
on the next business day we are open. If you make a deposit at
an ATM before 2:30 a.m. 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 at an ATM after 2:30 a.m. or on a day we
are not open, we will consider that the deposit was made on the
next business day we are open.
Longer Delays May Apply
Case-By-Case Delays - In some cases, we will not make all of the
funds that you deposit by check available to you immediately.
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 deposits, however, will be
available immediately.
If we are not going to make all of the funds from your deposit
available immediately, we will notify you at the time you make
your 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.
Safeguard Exceptions - In addition, funds you deposit by check
may be delayed for a longer period under the following
circumstances:
· We believe a check you deposit will not be paid.
·You deposit checks totaling more than
$5,525 on any one day.
· You redeposit 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.
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.
Deposits at Automated Teller Machines
Funds from any deposits (cash or checks) made at automated
teller machines (ATMs) we own or operate will be made available
immediately after 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.
REG CC DISCLOSURE
MT/1 21.021 .05215 Wolters Kluwer Financial Services 02000,
2020 Bankers Systems™
Funds from electronic direct deposits to your account will be
available on the day we receive the deposit. Funds from deposits
of cash, wire transfers, 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 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 day of your deposit. If your 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
tenth business day after the day of your deposit.