Funds Availability Policy
FUNDS AVAILABILITY POLICY DISCLOSURE
YOUR ABILITY TO WITHDRAW FUNDS AT First National Bank and Trust Company of Weatherford, DBA FIRST BANK TEXAS. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. However, funds from 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/or we will use them 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. If you make a deposit before 6:00 p.m. (or in some cases due to locations closing as early as 3:00 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 6:00 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.
Reservation of Right to Hold. In some cases, we will not make all the funds that you deposit by check available to you on the first business day after the day of the deposit. The remaining funds will be available on the second business day after the day of the deposit. The first $275 of your deposit, however, may be available on the first business day after the day of your deposit. If we are not going to make all the funds from your deposit available on the first business day, 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 business day after we receive your deposit. If you need the funds from a deposit right away, you should ask us when the funds will be available.
*$275.00 - New threshold effective July 1, 2025 and adjusted every five years thereafter for inflation.
Longer Delays May Apply. Availability may be delayed for longer periods under the following circumstances:
- Reasonable Cause to Doubt Collectability
- Deposited checks total more than $6,725 on one day
- Returned unpaid checks are redeposited
- An account has been overdrawn six times or more in the last six months
- Emergencies, such as failure of communications or computer 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.
Holds On Other Funds. If we cash a check for you that is drawn on another financial institution, 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 financial institution, we may make funds from the deposit available for withdrawal immediately but delay your 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.
Cash Withdrawals.We may extend by one business day the time that funds deposited in an account are available for withdrawal by cash or similar means. Similar means include electronic payment, issuance of a cashier’s or teller’s check, or certification of a check, or other irrevocable commitment to pay. However, we must make $550 of these funds available for withdrawal by cash or similar means not later than 6:00 p.m. on the business day on which the funds would normally be available to pay checks. This $550 is in addition to the $6,725 that must be available for withdrawal the next day.
**$550.00 – New threshold effective July 1, 2025 and adjusted every five years thereafter due to inflation.
Special Rules For New Accounts. Special rules apply during the first 30 days after an account is opened. An account is not new if the customer has had another transaction account at the Bank for more than 30 days. If the customer has had authorization only to sign on a corporate account and then opens a new consumer account, it is considered a new account for purposes of Regulation CC. Funds from electronic direct deposits and cash will be available on the day of deposit.
Funds from wire transfer deposits and the first $6,725 of a day’s total deposit 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 deposit if checks are payable to the depositor. The excess over $6,725 will be available on the ninth business day after the day of deposit. If the deposit of these checks (other than a U.S. Treasury check) is not made in person to one of the Bank’s employees, the first $6,725 will not be available until the second business day after the day of deposit.
Funds from checks will be available on the first business day after the day of deposit. Longer delays may apply under the following circumstances:
- Reasonable Cause to Doubt Collectability
- Deposited checks total more than $6,725 on one day
- Returned unpaid checks are redeposited
- Emergencies, such as failure of communications or computer equipment