If you do not make your deposit in person (for example, if you make your deposit by mail, at an ATM, or a POB location), that deposit will be subject to content verification and SEFCU’s Funds Availability Policy prior to releasing the funds. The first $225 of a deposit will be available on the first business day after the day of the deposit. For example, on a $300 deposit at an ATM on Monday, the first $225 of that deposit will become available on Tuesday, and the remaining $75 will be available on Wednesday. Every day is a business day except Saturdays, Sundays and federal holidays.
Please note that if you make a deposit by either cash or check at any Price Chopper or Wegmans stores, your money will not be available for two business days.
ATM – an Automated Teller Machine, cash dispensing machine, or script terminal at which a cardholder can initiate transactions.
POB – a point of banking location at which a person at a customer service desk processes the transaction for the cardholder.
POS – a point of sale terminal at which the cardholder’s checking account is assessed the amount of a purchase being made at a retail location. The transaction is accepted by the cardholder upon entering their Personal Identification Number (PIN) or signing the receipt.
Debit Mastercard® transaction – point of sale transaction made at a retail establishment accepting Debit Mastercard, where a signature or PIN is used by the cardholder to guarantee payment from their checking account.
Deposits made at an ATM or POB will be posted to your account at the time of transaction and begin earning dividends from the transaction date. Withdrawals made with a POB, or POS will be posted to your account and stop earning dividends from the transaction date. Withdrawals made with a SEFCU Debit Mastercard at an ATM or POB will be posted to your account and will stop earning dividends as of the transaction date. POS transactions will be posted on the date the funds are withdrawn. For POS transactions made with a SEFCU Debit Mastercard, funds are held at the time of purchase authorization and until the merchant processes their transactions or until three days have passed, whichever is sooner.