Are my deposited funds ever delayed?

When you can access a deposit typically depends on the type of deposit made:

• Checking accounts: Domestic direct deposits, along with cash and most check deposits, are typically available the same day we receive the funds.
  • However, if you’ve deposited over $5,525 in checks in one day, the remaining funds could take up to seven business days to show up.
• Savings and money market accounts: The availability may vary based on the terms and conditions of your account.
  • Learn more by accessing our agreements.
• International deposits: These may be subject to government reviews and could be delayed to ensure compliance with financial regulations.

If you have questions about the status of a specific deposit, please contact us. We’ll be happy to assist you!

An account hold is a temporary restriction that prevents a transaction from being completed right away. When an account is in a hold, it allows us to verify the authenticity of the transaction and ensure the funds are legitimate before they’re made available for use.

For example, if you cash a check from another bank, we may place a hold on an equivalent amount in your account until the check clears. Similarly, if you deposit a check, we may place a hold on funds in the originator's account until the deposit clears.

Simply contact us or stop by one of our locations. We’ll be happy to assist you! As a next step, we’ll provide you with a form that will eventually be given to your employer or other payer.

Great question! The minimum opening deposit is $25 for our BankOn checking account and only $50 for all other Gate City Bank personal and business checking accounts.