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Baylake Bank
217 N. 4th Avenue P.O. Box 9
Sturgeon Bay, WI 54235

FUNDS AVAILABILITY POLICY
UNDER FEDERAL REGULATION CC

YOUR ABILITY TO WITHDRAW FUNDS

Baylake Bank’s policy is to make funds from your cash and check deposits available to you on the first business day after we received your deposit.  Electronic direct deposits will be available on the day we receive the deposit.  Once they are available, you can withdraw those funds in cash and we will use the funds to pay checks you have written. 

To determine the availability of your deposits, every day is a business day except Saturdays, Sundays and Federal holidays.  If you make a deposit before closing time on a business day that we are open, we will consider that day to be the day of your deposit.  If you make a deposit on a non business day, 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 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 second business day after the day of your deposit.  The first $100 of your deposit, however, will be available on the first business day after 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.

Safeguard Exceptions: In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

·         We believe a check you deposited will not be paid.
·         You deposited checks totaling more than $5000 in one day.
·         You deposited a check that has been returned unpaid.
·         You have repeatedly overdrawn your account within the previous six months.
·         An emergency situation prevents us from normally processing your deposit.  

   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 seventh 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 may not be available until the third business day after the day of your deposit. 

 2/27/2010