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ATM Check Hold Policy
SYNERGY ONE operates no-surcharge ATMs at each branch location. The ATMs at our offices are also depository ATMs.
Check Hold Policy:
Two (2) Business Day Hold - All Local checks, includes most of the Washington Metropolitan Area
The following items deposited at ATM locations will also be held for two business days:
Cash, Cashier's, Certified or Teller Checks, US Postal Money Orders, Checks drawn on Synergy One FCU, Checks drawn on the Treasury of the United States, checks drawn on a Federal Reserve Bank or Federal Home Loan Bank, checks drawn by a State or Unit of General Local Government, Payroll checks
Five (5) Business Day Hold - All out-of-state checks; All deposits to Nonproprietary placed ATMs; All foreign checks will be held until cleared through the Federal Reserve Bank
(Pursuant to Regulation CC, the first $100 of daily funds deposited will be available by the next business day.)
Items that are Subject to extended Hold Periods:
Deposits to new accounts during the first 30 calendar days, deposits in excess of $5,000, Redeposited Checks, Deposits to accounts more than 6 times Overdrawn in the past 6 months, Deposits to accounts more than 2 times Negative in the past 6 months, Deposits made during emergency conditions, such as interruption of computer services and acts of war.
(Pursuant to Regulation CC, the first $400 of funds deposited with an extended hold will be available on the business day following the standard hold requirement.)
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