Funds Availability Policy

Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. At this time, you can withdraw the funds in cash and we will use the funds to pay checks you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays.

If you make a deposit before 2:00 p.m. on a business day that we are open, we will consider that day to be the day or your deposit. However, if you make a deposit after 2:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open. Deposits on Thursday after 12:00 will be credited on the next business day. 

LONGER DELAYS MAY APPLY 

In some cases, we will not make all 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 fifth business day after the day of your deposit. However, the first $100 of your deposits will be available on the first business day. If we are not going to make all the funds from your deposit available on the first business day, 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: 

1. We believe a check you deposit will not be paid.
2. You deposit checks totaling more than $5000 on any one day 
3. You deposit a check that has been returned unpaid. 
4. You have overdrawn your account repeatedly m the last six months. 
5. 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 eleventh 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 to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5000 of the days 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. slip). For example, the checks must be payable to you (and you may have to use a special deposit The excess over $5000 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 $5000 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.

Automated Teller Machine Transfer Disclosures

A. ACCESSING YOUR ACCOUNT
For any authorized account, you may use your card to
1. Make deposits to, or withdraw cash from
2. Transfer funds between your checking and our checking or savings account. savings account.

B. LIMIT ON DOLLAR AMOUNTS
1. Cash withdrawals from automated teller machines, are limited to $200.00 each day.
2. There is no limitation on the frequency of transfers.

C. RECEIPT FOR TRANSACTION
You will receive a written receipt at the time you make any transfer to or from your account using one of our automated teller machines.

D. CUSTOMER LIABILITY
(If you believe your card has been lost or stolen and you tell us within 2 business days after you learn of the loss or theft you can lose no more than $50 if someone used your card without your permission.)  If you do NOT tell us within 2 business days after you learn of the loss or theft of your card , and we can prove we could have stopped someone from using your card without your permission if you had told us, you could lose as much as $500.

Also if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.  If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

E. HOW TO CONTACT US
If you believe that your card has been lost or stolen or that a transaction made without your account has been without  your permission, or if for any reason you wish to Contact Us, telephone us at the phone number given below or write us at the address given below.

MAILING ADDRESS, TELEPHONE NUMBER

A. Our mailing address is:
     SunMark Community Bank 
     P.O. Box 967
     Hawkinsville, GA 31036

B. Our phone number is: (478) 783-4036

Federal Electronic Fund Transfer Act Disclosures

IMPORTANT INFORMATION for our customers who have authorized electronic fund transfers:

The Federal Electronic Fund Transfer Act and regulations adopted thereunder provide that we disclose pertinent information about the preauthorized deposits to - and if applicable , preauthorized transfers from your account with us.

I. DOCUMENTATION OF TRANSFERS 
A. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, we will let you know if the deposit is made,.
B. You will receive a quarterly account statement from us. In addition, you will receive a monthly account statement for each month in which a transfer occurs.
C. If you have a passbook account where the only possible electronic fund transfers are preauthorized credits you may bring your passbook to us and we will record any electronic deposits that were made to your account since the last time you brought in your passbook. 

II. RIGHT TO STOP-PAYMENT
If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here’s how: Call us at the phone number below, or write us at the address below, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.  If you order us to stop on of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. We will charge you $20.00 for each stop-payment order you give. *

III. NOTICE OF TRANSFERS VARYING IN AMOUNT
 If the preauthorized regular transfers from your account may vary in amount the person you are going to pay should tell, 10 days before each payment, when it will be made and how much it will be.  You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.

IV. ACCOUNT INFORMATION DISCLOSURE
We will disclose information about our account or the transfers you make:
A. Where it is necessary to complete transfers, or 
B. In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant, 
C. In order to comply with government agency or court orders, or some similar reason. 
D. If you give us your written permission.

V. LIABILITY FOR FAILURE TO MARE TRANSFERS
If we do not complete a transfer to or from you account on time or in the correct amount according to our agreement with you, we will be liable for you losses or damages.  However, there are some exceptions. We will not be liable for instance:
A. If, through no fault of ours, you do not have enough money in your account to make the transfer
B. If the transfer would go over the credit limit on your overdraft line, if any.
C. If your account is frozen because of a court order or some similar reason
D. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken, 
E. There may be other exceptions stated in our agreement with you.

VI. ERROR RESOLUTION PROCEDURES

In Case Of Errors Or Questions About Your Electronic Transfers:

Contact Us as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt.  We must hear from you no later than 60 days after we sent you the FIRST Statement on which the problem or error appeared.
A. Tell us your name and account number (if any).
B. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
C. Tell us the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days,  We will tell you the results of our investigation within 10 business days (20 business days if the transfer involved a point of sale transaction or a foreign initiated transfer) after we hear from you and will correct any error promptly.  If you need more time, however, we may take up or to 45 days (90 days if the transfer involved a point of sale transaction or a foreign initiated transfer) to investigate your complaint or question.  If we decide to do this we will recredit your account within 10 business days (20 business days if the transfer involved a point of sale transaction or a foreign initiated transfer ) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation.. If we ask you to put your  complaint or question in writing and we do not receive it within 10 business days, we may not recredit your account.

If we find that there was no error, we will send you a written explanation within 3 business days after we finish our investigation and debit your account for any funds provisionally credited to you.  Upon debiting we will provide oral or written notice to you of the date and amount of the transfers from you account for provisionally recredited funds that had not been debited.

You may ask for copies of the documents that we used in our investigation.

VII. CUSTOMER LIABILITY

If you statement shows unauthorized transfers from you account, tell us at once.  If you do not tell us within 60 days, after we sent you the FIRST statement upon which the problem appeared, you may not get back any money you lost after the 60 days, if we can prove that we could have stopped someone from taking the money if you had told us in time.  If a good reason, (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

VIII. MAILING ADDRESS, TELEPHONE NUMBER AND BUSINESS DAY DISCLOSURE

A. Our mailing address is:
SUNMARK COMMUNITY BANK 
P 0 BOX 967
HAWKINSVILLE, GA 31036
B. Our phone number is: 478-783-4036
C. Business days are: Monday through Saturday. Holidays are not included. 
For more information see our Contact Us page.