Notice of Changes to the Funds Availability Policy
Our terms and conditions will be updated on July 1, 2025 to reflect changes to Lake City Bank’s Funds Availability Policy. The following bullet points highlight the changes. These increases are a result of inflation adjustments implemented by Regulation CC and allow you access to more of your check deposits faster.
- For most check deposits currently, $225 will be available the next business day.
- Effective July 1, 2025, this amount will increase to $275 available the next business day.
- Currently, most check deposits totaling more than $5,525 on any one day qualify as a large deposit exception hold. In this case, the first $225 will be available the next business day after the day of your deposit. The next $5,300 will be available the second (2nd) business day after the day of your deposit. The remainder will generally be available no later than the seventh (7th) business day after the day of your deposit.
- Effective July 1, 2025, the threshold for large deposit exception holds will increase to $6,725 on most check deposits in any one day. The first $275 will be available the next business day after the day of your deposit. The next $6,450 will be available the second (2nd) business day after the day of your deposit. The remainder will generally be available no later than the seventh (7th) business day after the day of your deposit.
Please refer to the Funds Availability Policy section of the applicable terms and conditions for your account for complete information regarding our policy.
