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WHAT IS WRIGHT-PATT CREDIT UNION’S (WPCU) FUNDS
AVAILABILITY POLICY FOR DEPOSITS MADE THROUGH ATMS?
At Wright-Patt Credit Union (WPCU), we take the responsibility of protecting our members’ accounts very seriously. Because
all members of WPCU collectively suffer a loss when accounts become negative, we must take measures to prevent
fraudulent transactions.
Due to the increase in fraudulent ATM deposits, WPCU has established a Funds Availability Policy unique to ATM deposits.
The Funds Availability Policy for deposits made at ATMs is:
WPCU ATMs – Generally, the first $200 of daily check
deposits will be available the same business day, the next
$5,000 on the second business day, and the remaining
funds on the seventh business day. Please note, cash
deposits made at WPCU ATMs will be made available
immediately.
Please remember that business days do not include
Saturdays, Sundays or Federal Holidays that fall during
the week.
JANUARY 2018
DATE
AMOUNT
AVAILABLE
01/02/18 $200.00
01/04/18 $332.50
($200 + $332.50 check balance)
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
For example: A member-owner deposits a check for $532.50 at a WPCU-owned ATM on 1/02/2018.
The Funds Availability Disclosure is part of the document, “Important Account Information for Wright-Patt Credit Union
Members.” This document is available on our website, in all of our Member Centers or upon request from our Member Help
Center at (937) 912-7000 or (800) 762-0047.
Non-WPCU Owned ATMs – All funds deposited at non-
WPCU owned ATMs will generally be available on the fifth
business day after the business day of the deposit. Longer
delays sometimes apply.
Please remember that business days do not include
Saturdays, Sundays or Federal Holidays that fall during
the week.
JANUARY 2018
DATE
AMOUNT
AVAILABLE
01/04/18 $0.00
01/11/18 $532.50
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
“Everyone at WPCU is very ecient and knowledgeable. At the Member Centers,
you can ask a question at the Welcome desk before you get in line, which is
helpful. You don’t have to wait to see if a Member Experience Representative can
help you, or if you need to speak with someone else. Three generations of our
family are members at WPCU.”
- Roger and Cathy P., Members since 2007
FAQ
|
Frequently Asked Questions
082019KP
Save Better. Borrow Smarter. Learn A Lot! | 937.912.7000 | WPCU.coop
WPCU.coop /WPCU /WrightPattCreditUnion /WrightPattCreditUnion /WPCU
©2019 Wright-Patt Credit Union, Inc. All Rights Reserved.
Which WPCU Accounts are Aected?
Regulation “D” limits certain withdrawals and transfers on
TrueSaver
®
, Secondary Share, and Personal Capital Money
Market Accounts. Transactions on any of our checking
accounts are not affected by Regulation “D”.
What Transactions are Limited?
The following transactions or combination of transactions
are limited to six per month:
• Automatic payments made via the ACH system (also
known as pre-authorized electronic funds transfers)
• Transfers to your other deposit accounts within WPCU
• Transfers from TrueSaver, Secondary Share, and
Personal Capital Money Market Accounts made by
telephone, including Call-24 transfers and fax requests
Transfers made from TrueSaver, Secondary Share and
Personal Capital Money Market Accounts made via
Online Banking
• Transfers from TrueSaver or Secondary Share Accounts
to a checking account to cover NSF transactions
The following transactions made from a TrueSaver,
Secondary Share or Personal Capital Money Market
Accounts are unlimited:
• ATM transactions
• Any in-person transactions
• Any by-mail transactions
• Transfers to any loan accounts at WPCU
How Can I Best Manage My Account Under
Regulation “D”?
• Do not set up ACH payments from your savings accounts
(including the Personal Capital Money Market Account).
Use your checking account instead.
• Set up overdraft protection from a ReadyLine Line of
Credit, rather than from your savings account. Transfers
from a Line of Credit and transfers from your savings to
pay on your loan are not regulated.
• Balance your checking account regularly to avoid
overdraft transfers.
• Plan ahead to make a single larger transfer rather
than several smaller ones.
WHAT IS WPCU’S POLICY
FOR CASHING THIRD-PARTY
CHECKS?
A special, or third-party check, is a check endorsed to
authorize payment to someone other than the payee
to whom the check was originally written. A special
endorsement consists of a signature and a statement
identifying to whom the check should be paid. The
purpose of this special endorsement is to instruct the
financial institution to pay the proceeds of the check to a
third party.
As with the Funds Availability Policy, WPCU must take the
responsibility of protecting your account very seriously.
When WPCU accepts a check you deposit, it is based on
your identification and your account relationships. We
do not have any information about the check writer and
his or her account. When you endorse a check, you are
taking responsibility for the legitimacy of the check. This is
because you are in the best position to determine the risk
of accepting the check or money order. WPCU’s third-party
check policy is in place primarily to prevent your account
from being negatively impacted by a non-sufficient funds
(NSF) check.
When possible, all signatures on third-party checks should
be verified and ID information of the original payee(s)
noted before such check may be accepted.
WHAT IS REGULATION “D”
AND HOW DOES IT AFFECT MY
ACCOUNT?
Regulation “D” is a Federal regulation for depository
institutions that regulates the number of certain
withdrawals and transfers made from specific types of
deposit accounts to six per month. As a result, certain
kinds of transactions involving savings accounts, money
market accounts, and club accounts are limited. If you
exceed the federally-mandated limits, some transactions
you expect to occur will not be processed, and some
payments from your account may not be made. This
includes any Online Banking transfers, or overdraft
advantage.
In many cases, it is possible to re-structure your accounts
so the federal regulations governing transaction limits do
not restrict any payments from your accounts.
