Update to 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](/images/default-source/icons/dow-credit-union-atm-icon.png?sfvrsn=6c4706e3_3)
Not all Dow Credit Union ATMs are equipped for deposits.
![atm-white](/images/default-source/icons/atm-white.png?sfvrsn=45c320af_0)
Not all ATMs are equipped for deposits.
![globe-americas-solid](/images/default-source/icons/globe-americas-solid.png?sfvrsn=bb112eac_0)
![personplus](/images/default-source/icons/personplus.png?sfvrsn=c697dcaf_1)
![writing](/images/default-source/icons/writing.png?sfvrsn=cb37b30c_1)
You may mail checks to:
PO Box 1649
Midland, MI 48641-1649
![Dow Credit Union Night Drop Box Icon](/images/default-source/icons/dow-credit-union-night-deposit-box-icon.png?sfvrsn=c17895fb_1)
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?
Example Deposit Release Schedules
Dow Credit Union ATM
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 |
Monday | Wednesday | following Monday |
Tuesday | Thursday | following Tuesday |
Wednesday | Friday | following Wednesday |
Thursday | Monday | following Thursday |
Friday | Tuesday | following Friday |
Saturday (Counts as Monday) | Wednesday | following Monday |
Sunday (Counts as Monday) | Wednesday | following 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
Other Institution ATMs | |
---|---|
Day of Deposit First $300 available from the day's check deposits | Release Day Funds available at 12:00AM ET |
Monday | following Monday |
Tuesday | following Tuesday |
Wednesday | following Wednesday |
Thursday | following Thursday |
Friday | following 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
Mobile Deposit | |
---|---|
Day of Deposit First $300 available from the day's check deposits | Release Day Funds available @7:00PM ET |
Monday | Thursday |
Tuesday | Friday |
Wednesday | Monday |
Thursday | Tuesday |
Friday | Wednesday |
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.
- 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