For deposits made at ATM’s owned by Progressions Credit Union, the first $225 will be available on the 1^st business day following the day of deposit.  The remaining funds will be available the 2^nd business day following the day of deposit.  For example, if you deposit $500 on Monday, $225 will be available on Tuesday and the remaining $275 will be available on Wednesday.
 
For deposits made at all other ATM’s, all funds will be available on the 3^rd business day following the day of deposit. For example, if you deposit $500 on Monday the entire $500 will be available on Thursday. If you make a deposit at one of our night drops, they are collected before 9 am each business day, and processed that morning as time allows.

For deposits made via Remote Deposit Capture (RDC) via our Its Me 247 mobile app before 4pm on a business day, the deposit will be posted the same day. For deposits made after 4pm or on a non-business day, the deposit will be posted the next business day. Holds on funds may apply.

The impact on the type of deposit you are making also has a lot to do with how long it takes a deposit to clear and for the funds to be available to you.  Funds from the following deposits are available immediately provided they are payable to you:

• Cash

• Cashiers Checks

• U.S. Treasury Checks

• Travelers Checks

• Wire Transfers

• State and Local Government Checks

• Federal Reserve Bank Checks, Federal Home Loan Bank Checks

• Payroll Checks of Local or Well-Known Firms

Other deposits may be required to clear the financial institution where the funds originated from before they are available to you.  Please be advised that unique circumstances may impact the actual delay you may experience. Should circumstances require us to place a hold on the funds you have deposited, we will provide you with written notice of the length of time the hold will be in effect and when your funds will be made available to you.