First International Bank & Trust
  Company Information & History
  Mission Statement
  Property for Sale
  Privacy Notice
> Disclosures

FUNDS AVAILABILITY DISCLOSURE
Your ability to withdraw funds at First International Bank & Trust

Our general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then the funds will generally be available by the second business day after the day of deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will 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Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit at one of our office or ATM locations before the close of business 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 after the close of business on a business day 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 cutoff time will be the close of business on a business day we are open.

If you make an Online Banking transfer before 7:00 p.m. Central Time on a business day that we are open, we will consider that day to be the day of your deposit. If you make an Online Banking transfer after 7:00 p.m. Central Time or on a business day that we are not open, we will consider the transfer was made on the next business day that we are open.

If you make a Mobile Check Deposit before 6:00 PM Central Time on a business day that we are open, we will consider that day to be the day of your deposit.  If you make a Mobile Check Deposit after 6:00 PM Central Time or on a business day that we are not open, we will consider the deposit was made on the next business day that we are open.

LONGER DELAYS MAY APPLY
In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $200 of your deposits will be available on the first business day after we receive your deposit. If we are not going to make all of the funds from your deposit available on the first business day after we receive your deposit, 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 day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available.

In addition, funds you deposit by check may be delayed 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 in the last six months.
  • There is an emergency, such as failure of communications or computer 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 seventh 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 into 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, 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 slip). The excess of $5,000 will be available on the ninth 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 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the tenth business day after the day of your deposit.

Deposits at Automated Teller Machines
Funds from any deposit (cash or checks) made at automated teller machines (ATMs) we do not own or operate will 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.

First International Bank & Trust
PO Box 607
Watford City, ND 58854
1-800-359-8092
Rev 03/14

Property For Sale
Property For Sale >
Check out the properties we have for sale.
Export Transactions
Export Transactions >
First International Bank & Trust now offers the ability to download account information into Quicken® and QuickBooks®.
First International Bank & Trust © 2014
100 North Main
Watford City, North Dakota 58854
1-800-359-8092 webmaster@firstintlbank.com
Equal Opportunity Lender
Personal          Business          Online Banking          Mortgage          Investments          Insurance          Trust and Wealth Mgmt.
Contact          About          Careers          Financial Tools          Locations          Blog          Terms of Use          Privacy Notice