Our fee schedule is available to download in PDF format.
What is it?
Funds availability refers to the time that passes before funds deposited to your account are actually available to you for check writing and cash withdrawals. Our policy has been designed to give you quality service, meet regulatory requirements and protect both you and ourselves from loss.
If we decide to change or further improve any of the availability schedules listed in this disclosure, we will notify you at least thirty (30) days before implementing any such change, unless the change will expedite the availability of the funds; in this case the notice may be sent 30 days after implementation.
This information should take some of the “guesswork” out of the management of your personal finances. We recommend that you keep this disclosure with your other account records so that you may refer to it in the future. If you have any questions, please stop in and ask…we would be happy to answer your questions.
Your ability to withdraw funds at:
Century Bank & Trust
141 South Wayne Street
1800 North Columbia Street
Milledgeville, GA 31061
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 the 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 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 Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.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 (a) at the teller line before 5:00 p.m., (b) at our ATM before 3:30 p.m. or (c) at the night depository before 8:30 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 (a) at the teller line after 5:00 p.m., (b) at our ATM after 3:30 p.m. or (c) at the night depository after 8:30 a.m. or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.
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 (2) business day after the day of your deposit. However, the first $225 of your deposit will be available on the first business day after we receive your deposit. If we are not going to make all of the funds from your deposit available on the first business day after we receive the deposit, 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 first business 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:
- 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 (6) months;
- Or there is an emergency, 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 (7) business day after the day of your deposit.
Special Rules for New Accounts
If you are a new customer, the following special rules will apply during the first thirty (30) days your account is open. An account is considered open when the first deposit is made to the account.
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. The excess funds over $5,525 will be available on the ninth (9) 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 no later than the eleventh (11) business day after the day of your deposit.