Leader Bank, N.A. 

Your Ability To Withdraw Funds 

This policy statement applies to all deposit accounts. 

Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not 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Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. 

Determining The Availability Of A Deposit 

The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays and federal holidays. If you make a deposit before the cutoff time on a business day that we are open, we will consider that day to be the day of deposit. However, if you make a deposit after the cut-off time or on a day we are not open, we will consider that the deposit was made on the next business day we are open. The time of the day that we post the cut-off notice, if any, may vary by branch. In no event, however, will the cut-off time be earlier than 2:00 P.M.

The length of the delay varies depending on the type of deposit and is explained below.

If you make a deposit at an ATM that is owned and operated by us 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 at an ATM 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.

Same-Day Availability:

Funds from the following deposits are available on the same day they are deposited: 

Electronic direct deposits to your account. 

Wire transfers. 

Cash deposits made at the Bank's teller stations. 

Next Day Availability:

Funds from the following deposits are available on the first (1st) business day after the day of your deposit: 

Cash deposits made at the Bank’s ATMs prior to 2:00 P.M. 

Checks drawn on the Bank. 

U.S. Treasury Checks that are payable to you. 

Federal Reserve Bank Checks, Federal Home Loan Bank Checks, and U.S. Postal Service Money Orders, if these items are payable to you. 

State and local government checks from the state in which the Bank is located. 

Cashier’s, certified, treasurer’s and teller’s checks, including out of state checks that are payable to you if you use a special deposit ticket available from our tellers. 

Other Check Deposits:

The delay for other check deposits depends on whether a check is a local or a non-local check. To determine if a check is local or non-local look at the routing number on the check:. 

If the check is payable by an institution located in Massachusetts, or if the first four digits of the routing number are 0110, 2110, 0112, 2112, 0113, 2113, 0114, 2114, 0115, 2115, 0118, 2118, 2119, 0116, 0119, 2111, 2117, 2211, 0111, 0117, 2116 or 0211 then the check is a local check. Otherwise the check is a non-local check. Some checks are marked "payable through" and have a four or nine digit number nearby. For these checks, use the four digit number (or the first four digits of the nine digit number), not the routing number on the bottom of the check, to determine if these checks are local or non-local. Our policy is to make funds from local or non-local checks available as follows:

1. Local checks: Funds from the deposit of local checks will be available on the first business day after the day of your deposit. 

2. Non-local checks: The first $100 from the deposit of non-local checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the third business day after the day of your deposit.  

3. Local and non-local checks: If you deposit both categories of checks, $100 from the checks will be available on the first business day after the day of your deposit, not $100 from each category of check. 

If we cash a check for you 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 according to the preceding schedule. 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, will be available on the first business day. 

If we are not going to make all of the funds from your deposit available according to the preceding schedule, 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 first business day after we receive your deposit. 

If you need the funds right away you should ask us when the funds will be made available. 

Safeguard exceptions.

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

We believe a check you deposit will not be paid. 

You 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, or would have overdrawn your account if checks had been honored in the last six (6) 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.

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 $5,000 of a day's total deposits of cashier's, certified, teller's, treasurer'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 ticket). The excess over $5,000 will be available on the fourth 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 $5,000 may not be available until the second business day after the day of your deposit. 

Funds from all other check deposits will be available as follows: 

Deposits made in person. Funds will be available on the fourth business day after the day of deposit to withdraw in cash and pay checks you have written to others.  

ATM deposits. Funds from deposits of all other checks made at automated teller machines (ATMs) may not be available until the sixth 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 fifth business day after the day of your deposit. This rule does not apply at ATMs that we own or operate.

All ATMs that we own or operate are identified as our machines.

Foreign Items 

If you deposit a check drawn on a bank outside the United States (including Canadian financial institutions) and not payable through a U.S. branch or bank, we will make these funds available when we receive notification of payment. 

Night Depository 

Deposits received at a night depository are considered as received on the next business day. 

Bank by Mail 

Deposits received by mail are considered deposited on the business day that they are received at the Bank.