Fund Availablity Disclosure

WILSON & MUIR BANK & TRUST CO.

FUNDS AVAILABILITY POLICY
Next-Day Availability

This policy details your ability to withdraw funds from your account at:

WILSON & MUIR BANK AND
TRUST COMPANY
BARDSTOWN, KENTUCKY

Our policy is to make funds from your deposits to accounts with unlimited checking capabilities 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 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 before 2:00 p.m. at a staffed teller station or before 1:30 p.m. at an ATM 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 a staffed teller station after 2:00 p.m. or if you make a deposit at an ATM after 1:30 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.

Longer delays may apply

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 your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth 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.

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. 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 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 $5,000 on any one day.
  • You redeposit a check that has been returned unpaid. vYou have overdrawn your account repeatedly in the last six months.
  • There is an emergency, such as failure of communications or computer equipment.
  • We will notify you if we delay your availability 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 date of your deposit.

Special Rules for New Accounts

If you are a new customer, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfer, and the first $5,000 of a day's total deposits of Cashier's, Certified, Teller's, Travelers, 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 (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth 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 $5,000 will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available on the eleventh business day after the day of your deposit.

testimonial photo

We bank with Wilson and Muir because all the employees are super, super friendly. You have such a wide range of services and your interest rates are very competitive. The employees always bring to our attention the new services that are available, and seem to have our interest at heart.

David Zurmehly
Leitchfield

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