This policy statement applies to all deposit accounts.
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 your deposit.
Electronic direct deposits will be available on the day we receive
the deposit. Once the funds are available, you can withdraw them
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you, and you have withdrawn the funds, you are still responsible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 before 2:00 P.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 after 2:00 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.
If you make a telephone transfer, a BEV transfer, or a deposit at
an ATM before 3:00 P.M. on a business day that we are open, we will
consider that day to be the day of your transfer or deposit. However,
if you make a telephone transfer, BEV transfer, or a deposit at
an ATM after 3:00 P.M. or on a day we are not open, we will consider
that the transfer or deposit was made on the next business day we
are open.
If we cash a check for you that is drawn on another bank, we may
withhold the availability of a corresponding amount of the 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 but delay your availability
to withdraw a corresponding
amount of funds that you have on deposit in another account with
us. The funds in the other account
would then not be available for withdrawal until the time periods
that are described elsewhere in this
disclosure for the type of check that you deposited.
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. The first $100
of your deposits, however, may be available on the first business
day.
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 make 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.
*Your 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.
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
eleventh business day after the day of your deposit.
DEPOSITS AT AUTOMATED TELLER MACHINES
Funds from any deposits (cash or checks) made at automated teller
machines (ATMs) we do
not own or operate will not be available until the fifth business
day after the day of your deposit.
This rule does not apply at ATMs that we own and operate.
Customers can make deposits at Shazam ATMs in Illinois only. All
ATMs that we own or operate
are identified as our machines.
PRIVACY POLICY
Security / Integrity / Confidentiality
The following privacy principals were established to maintain the
security,
integrity and confidentiality of your personal financial information.
The type of information we collect:
We routinely collect and retain the information we obtain from
your account applications, transaction history (for deposits, loans,
credit cards, etc.) and from consumer reports. This information
helps us:
To establish and administer your accounts. (Example: We ask for
personally identifying information to protect your accounts from
fraud.)
To satisfy certain regulatory requirements. (Example: When you
open an account that pays interest, we are required by the Internal
Revenue Service to obtain your social security number.)
Better understand you so that we may provide you with additional
or improved products and services. (Example: We require information
concerning your credit history and your assets to determine if you
qualify for loan approval.)
How is that information protected?
Access to your personally identifiable financial information is
limited to employees with a specific business reason for utilizing
this data. Our employees are educated about the importance of maintaining
confidentiality and customer privacy. If necessary, we take appropriate
disciplinary steps to enforce our employee’s responsibility
to protect your very personal information.
In order to prevent unauthorized access to your information, we
maintain security standards and procedures that conform with industry
practices. These security standards and procedures and routinely
tested to verify the integrity of our systems.
*PUBLIC NOTICE*
COMMUNITY REINVESTMENT ACT NOTICE
Under the Federal Community Reinvestment Act (CRA), the Comptroller
of the Currency evaluates
our record of helping to meet the credit needs of this community
consistent with safe and sound
operations. The Comptroller also takes this record into account
when deciding on certain
applications submitted by us. Your involvement is encouraged.
You should know that:
You are entitled to certain information about our operations and
our performance under the CRA,
including, for example, information about our branches, such as
their location and services provided
at them; the public section of our most recent CRA Performance Evaluation,
prepared by the
Comptroller; and comments received from the public relating to our
performance in helping to meet
community credit needs, as well as our responses to those comments.
You may review this
information today.
At least 30 days before the beginning of each quarter, the Comptroller
publishes a nationwide list
of the banks that are scheduled for CRA examinations in that quarter.
This list is available from the
Deputy Comptroller, Chicago District Office, One Financial Place,
Suite 2700, 440 South LaSalle
St., Chicago, Il. 60605. You may send written comments about our
performance in helping to meet
community credit needs to Don Roch, AVP and CRA Officer, C/O Havana
National Bank,
112 S. Orange St., PO Box 200, Havana, IL. 62644-0200 and the Deputy
Comptroller, Chicago
District Office, One Financial Place, Suite 2700, 440 South LaSalle
St., Chicago, IL. 60605. Your
letter, together with any response by us, will be considered by
the Comptroller in evaluating our
CRA performance and may be made public.
You may ask to look at any comments received by the Deputy Comptroller.
You may also request
from the Deputy Comptroller an announcement of applications covered
by the CRA filed with the
Comptroller.
You may obtain the public section of our most recent CRA Performance
Evaluation, which was
prepared by the Office of the Comptroller of the Currency at 112
South Orange, Havana, Illinois.
©2003
Havana National Bank