Funds Availability, Check Deposits

We are here to protect you.

Check scams are on the rise, and you are part of the defense. Know how to protect yourself and learn about our processing changes in effect starting August 1st that will help protect you. 

Dow Credit Union's Funds Availability Policy

Effective August 1, 2024

 

When check(s) are deposited to a member’s account, funds may not be available immediately. In most cases, up to $300 will be available on the day of deposit and depending on the amount of the check and how it was deposited, the funds may be available with a graduated or tiered release.

Additionally, the Credit Union is changing from “everyday” is a business day to a true Monday-Friday excluding federal holiday business days.

6 Ways to Deposit a Check at Dow Credit Union

 

Dow Credit Union ATM Icon
Dow Credit Union ATMs

Not all Dow Credit Union ATMs are equipped for deposits.

ATM Locator | Availability Schedule

 

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Non-Dow Credit Union ATMs

Not all ATMs are equipped for deposits.

ATM Locator | Availability Schedule

 

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Mobile Check Deposit

Enables checks to be deposited through Mobile Banking.

Availability Schedule
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In-Person Deposit

Check deposits are available at our Midland and Saginaw locations.

Hours
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Mail

You may mail checks to:

PO Box 1649
Midland, MI 48641-1649

Dow Credit Union Night Drop Box Icon
Night Drop Deposit

Night Drop is available at our Midland and Saginaw locations after business hours and processed the next business day.

 

 

Funds Availability - FAQs

Do you have a question about the Dow Credit Union Funds Availability process?

Review the Release Schedules for:

Checks presented at a Dow Credit Union branch will be evaluated for availability at the time of deposit. If the check is accepted with a decision to delay the availability of the funds, the hold time will be communicated at the time of the transaction. 

We recommend using  wire transfer services to send or receive large sums of money quickly. 

If your employer or the company from whom you are receiving funds offers direct deposit, your account information can be found under each share in Online or Mobile banking. Select the share where you would like the funds deposited and review the account and routing number details. Please take note, the account number varies for each share.

To sign up for direct deposit, complete and submit to your employer the direct deposit form.

If you have questions regarding your funds on hold, there are several ways to contact us. As always, our Member Care Center is available by phone Monday-Friday from 7:00 a.m. ET to 6:00 p.m. ET.

989.835.7794 or 800.835.7794

 

Example Deposit Release Schedules

 

Dow Credit Union ATM
Day of Deposit
First $300 available from the day's check deposits		Small Deposit Release Day
Up to the next $6,700 available at 12:00AM ET if the Day of Deposit transactions exceed $300		Large Deposit Release Day
Remainder of funds at 12:00AM ET if the Day of Deposit transactions exceeded $7,000
MondayWednesdayfollowing Monday
TuesdayThursdayfollowing Tuesday
WednesdayFridayfollowing Wednesday
ThursdayMondayfollowing Thursday
FridayTuesdayfollowing Friday
Saturday (Counts as Monday)Wednesdayfollowing Monday
Sunday (Counts as Monday)Wednesdayfollowing Monday

 

Deposits Tier Definitions

 

ATM deposits at Dow Credit Union ATMs are released in tiers based on the aggregate deposits for the Business Day.

  • Small Deposits are defined as aggregate check transactions totaling $7,000 or less for the Business Day. 
  • Large Deposits are defined as aggregate check transactions totaling more than $7,000 for the Business Day. 

 

Holidays

  • If a holiday falls between Day of Deposit and Small Release Day, then the Small Release Day rolls to the next Business Day. 
  • If a holiday falls between Day of Deposit and Large Release Day, then the Large Release Day rolls to the next Business Day.
  • If the Day of Deposit is a holiday, then the Day of Deposit counts on the next Business Day.
  • If the Release Day falls on a holiday, then the Release Day rolls to the next Business Day. 

 

 

Other Institution ATMs
Day of Deposit
First $300 available from the day's check deposits		Release Day
Funds available at 12:00AM ET
Mondayfollowing Monday
Tuesdayfollowing Tuesday
Wednesdayfollowing Wednesday
Thursdayfollowing Thursday
Fridayfollowing Friday 
Saturday (Counts as Monday)following Monday 
Sunday (Counts as Monday)following Monday 

 

Holidays
  • If a holiday falls between Day of Deposit and Release Day, then the Release Day rolls to the next Business Day. 
  • If the Day of Deposit is a holiday, then the Day of Deposit counts on the next Business Day.
  • If the Release Day falls on a holiday, then the Release Day rolls to the next Business Day. 

 

Mobile Deposit
Day of Deposit
First $300 available from the day's check deposits		Release Day
Funds available @7:00PM ET
MondayThursday
TuesdayFriday
WednesdayMonday
ThursdayTuesday
FridayWednesday
Saturday (Counts as Monday)Thursday
Sunday (Counts as Monday)Thursday

 

Day of Deposit & Release Day

Deposits made on non-Business Days are aggregated with deposits that occur on the next business day.

 

Holidays
  • If a holiday falls between Day of Deposit and Release Day, then the Release Day rolls to the next Business Day. 
  • If the Day of Deposit is a holiday, then the Day of Deposit counts on the next Business Day.
  • If the Release Day falls on a holiday, then the Release Day rolls to the next Business Day. 

Common Check Scams

Fake Checks and Your Financial Institution

Types of Fake Check Scams

If you experienced or witnessed a scam, visit ReportFraud.ftc.gov

 

Report Fraud