Notice of Change to Funds Availability Policy

Columbus (Main)

159 W. James St.

(920) 623-4000

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Columbus

104 Industrial Dr.

(920) 623-7101

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Fall River

637 S. Main St.

(920) 484-6505

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Friesland

114 W. Winnebago St.

(920) 348-5141

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Juneau

198 S. Western Ave.

(920) 386-2100

Rio

575 S. Lowville Rd.

(920) 992-6100

Member FDIC

BACKGROUND:

The Federal Reserve and the Bureau of Consumer Financial Protection are amending Regula-

tion CC, which implements the Expedited Funds Availability Act (EFA Act). Regulation CC sets

forth the requirements regarding the availability schedules within which the Bank must make

funds available to you for withdrawal, exceptions to those schedules, disclosure of funds avail-

ability policies, and payment of interest.

DATE:

The amended requirements for Regulation CC are effective July 1, 2020.

CHANGE TO POLICY:

The speciﬁed dollar amounts for making funds available in the EFA Act and Regulation CC are

changing as follows:

• The minimum amount of deposited funds that banks must make available for withdrawal by

opening of business on the next day for certain check deposits is being raised from $200.00

to $225.00.

• The amount a bank must make available when using the EFA Act’s permissive adjustment

to the funds-availability rules for withdrawals by cash or other means is being raised from

$400.00 to $450.00.

• The amount of funds deposited by certain checks in a new account that are subject to next-

day availability is being raised from $5,000.00 to $5,525.00.

• The threshold for using an exception to the funds-availability schedules if the aggregate

amount of checks on any one banking day exceed the threshold amount is being raised

from $5,000.00 to $5,525.00.

• The threshold for determining whether an account has been repeatedly overdrawn is being

raised from $5,000.00 to $5,525.00.

The result of these changes is that more money will be available to you sooner.

Please contact us if you have any questions, comments or concerns regarding this change to

our policy. A fully revised Notice of Funds Availability form will be available for your informa-

tion and review on or after July 1, 2020. To review the full version, please visit or call any FMUB

location or email [email protected].

fmub.bank [email protected]

Notice of Change

to Funds Availability Policy