Our policy is to make funds from checks available as follows:
The first $200 from a deposit of checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit. For example, if you deposit a check for $700 on a Monday, $200 of the deposit is available for cash withdrawal on Tuesday, and the remaining $500 is available on Wednesday. Additional rules apply to checks greater than $5,000.
Checks Greater Than $5,000: Checks totaling more than $5,000 deposited on any one day, the first $5,000 will be available to you according to our general policy. The amount in excess of $5,000 will generally be available on the first business day after the day of deposit for checks drawn on Presidential Bank, the fifth business day after the day of deposit for all other checks. If your check deposit, exceeding $5,000 on any one day, is a mix of checks, drawn on Presidential Bank, or checks that generally receive next-day availability, the excess will be calculated by first adding together the on-us check, then the other check. View the full Check Hold Policy.