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Funds Availability
Our policy is to make funds from your 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 they are available, you can withdraw the funds in cash and/or 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. If you make a deposit on a business day that we are open, we will consider that day to be the day of deposit. If you make a deposit on a day we are not open, we will consider the day of your deposit to be the next business day.

Please remember that although funds have been made available to you and you have withdrawn them, you are still responsible for problems with your deposit, such as checks that were deposited and returned unpaid.

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 bank, we may make funds from the deposit available for withdrawal immediately, however delay availability of the corresponding amount of funds from another account that you have with us. The funds in the other account would then not be available for withdrawal until the time periods that described elsewhere in this disclosure for the type of check that you deposited.

Deposits at Automated Teller Machines (ATM)


If you make a deposit at an ATM that we own or operate before 6:00pm 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 that we own or operate after 6:00pm 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 that we do not own or operate funds will not be available until the second business day after the day of your deposit.

All ATM's that we own or operate are identified as our machines.

Longer Delays May Apply


Case-by-Case Holds: 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. However, the first $200 of your deposits will be available on the first business day.

Exception Holds: Under the following circumstances, funds you deposit may not be available until the seventh business day after the day of your deposit:

We believe a check you deposit will not be paid.
You deposit checks totaling more than $5,000 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.

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. 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. In both instances we will tell you when the funds will be available.

For new accounts, electronic direct deposits will be available on the day we receive the deposit. The bank shall make available your deposit on the first business day after we have received your deposit unless the bank determines there is reasonable cause to invoke either the case-by-case hold or the exception hold explained above.

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Farmers & Merchants State Bank
Waterloo - Marshall Wisconsin
1-888-478-3007

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