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| DISCLOSURES |
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FUNDS AVAILABILITY DISCLOSURE
Your ability to withdraw funds at:
WEST BEND SAVINGS BANK
201 S 5th Avenue
West Bend, WI 53095
This policy statement applies to "transaction" accounts. Transaction accounts, in general, are accounts that permit an unlimited number of payments to third persons and an unlimited number of telephone and pre-authorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be under this policy.
Transaction 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Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.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 closing 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 closing 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 we cash a check that is drawn on another bank, we may withhold the availability of a corresponding amount of 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
Case-by-case delays - 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 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 that 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 the day after we receive your deposit.
If you need the funds from a deposit right away, you should ask us when the funds will be available.
Safeguard exceptions - In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
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We believe a check you deposited will not be paid.
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You deposit checks totaling more than $5000 on any one day.
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You deposit a check that has been returned unpaid.
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You have overdrawn your account repeatedly in the last six months.
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There is an emergency such as a 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.
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 transfers, and the first $5000 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 (and you may have to use a special deposit slip). The excess over $5000 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 $5000 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 tenth business day after the day of your deposit.
Non-transaction Accounts
Checks deposited to non-transaction accounts will be available as follows:
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U.S. Treasury checks payable to you and State of Wisconsin and local government checks payable to you will be available for cash withdrawal and to pay for checks you have written to others on the second business day after the day of deposit.
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Checks drawn on an institution located in Wisconsin will be available on the fifth day after the day of deposit for cash withdrawal and to pay checks you have written to others.
Longer Delays May Apply
The availability of your funds will be delayed for an additional reasonable period of time under the following circumstances:
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| Check Printing |
Fee depeonds on style of
check ordered |
| Temporary Checks |
$.50 |
| Money Orders |
$2.00 each |
| Traveler's Checks |
All customers with at least
a $500.00 minimum balance
are entitled to an unlimited
number of traveler's checks
issue charge free. |
| Traveler's Checks |
$1.00 per $100.00 |
| Official Checks (issued in amount less than $1,000.00 |
$3.00 |
| Deposited checks (and other items) returned unpaid |
$6.00 |
| Garnishments |
$75.00 |
| Collections |
$40.00 |
| IRS levies |
$75.00 |
| Non-sufficient funds (NSF) |
The categories of transactions for which
an overdraft fee may be imposed are
those by any of the following means: check, in-person withdrawal, ATM withdrawal, or other electronic means. |
| Non-sufficient funds (NSF) fee per check - PAID |
$29.00 |
| Non-sufficient funds (NSF) fee per check - Returned |
$29.00 |
| Sustained overdraft fee* |
$7.00 |
| Account Activity Printout |
$3.00 |
| Special statement cutoff |
$3.00 |
| Account research |
$25.00 per 1/2 hour |
| Account balancing assistance |
$25.00 per 1/2 hour |
| Stop payments (all items) |
$29.00 |
| Rejected Items from non-approved vendor |
$5.00 |
| Account closed within 90 days of opening |
$25.00 |
| Lost passbook or certificate of deposit |
$15.00 each |
| Photocopies of paid checks |
$15.00 |
| Domestic wire transfers - Outgoing |
$20.00 |
| Domestic wire transfers - Incoming |
$10.00 |
| Foreign wire transfers - Outgoing |
$40.00 |
| Foreign wire transfers - Incoming |
$10.00 |
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*Accounts remaining at a negative balance for four consecutive days will be assessed this fee each business day until the balance is positive.
We may require not less than 7 days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.
EQUAL HOUSING DISCLOSURE
WE DO BUSINESS IN ACCORDANCE WITH FEDERAL FAIR LENDING LAWS.
UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:
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Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling;or
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Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan or in appraising property.
IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Assistant Secretary of Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Washington, D.C. 20410
For processing under the Federal Fair Housing Act
AND TO:
Director, Consumer Affairs
Office of Thrift Supervision
Washington D.C. 20552
For processing under Office of Thrift Supervision Regulations
UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION:
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On the basis of race, color, national origin, religion, sex, marital status, or age;
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Because income is from public assistance; or
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Because a right has been exercised under Consumer Credit Protection Act.
IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Director, Consumer Affairs
Office of Thrift Supervision
Washington, D.C. 20552
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