Effective 2/09/2026
This disclosure applies to all deposit accounts.
In general, our policy is to make funds from your cash and check deposits available to you on the first (1st) business day after the day we receive your deposit. Funds from the deposit of cash made in person with a Bank teller and electronic direct deposits will be available on the day we receive your deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written and other debits that you have authorized. Deposits of cash and/or checks made at an ATM will be available to you on the first business day after the business day we receive your deposit. External Transfer deposits done via Online Banking will be available to the client on the second business day after the deposit request is initiated. As long as it is initiated before our 5:00 P.M. EST cut off time. However, if you initiate the transfer after the cut off time or on a day we are not open, we will consider that the transfer was initiated on the next business day we are open.
Determining the Availability of a Deposit
To determine the availability of your deposits, every day is a business day except Saturdays, Sundays, and Federal holidays. If you make a deposit at our teller line before closing (or before 5:00 P.M. EST at one of our ATMs or using our Mobile Banking product) on business days that we are open, we will consider that to be the day of your deposit. However, if you make a deposit after closing (or after 5:00 P.M. EST at one of our ATMs or using the Mobile Banking product) or on a day we are not open, we will consider that the deposit was made on the next business day. If you initiate a transfer before 11:00 P.M. EST on a business day the bank is open using our Online Banking product or our telephone banking service, we will consider that day to be the day of your transfer. However, if you make a transfer after these cut off times or on a day we are not open, we will consider that the transfer was made on the next business day we are open.
We will not accept cash deposits by mail. Check deposits made by mail should be addressed to:
Beacon Bank & Trust
Attn: Mail Deposits
PO Box 1308
Pittsfield MA 01202-1308
Check deposits that are mailed to us are considered deposited on the business day we receive them. Deposits placed in a night depository are considered received when we remove them from the night depository. We will remove deposits no later than the next business day.
Longer Delays May Apply
Funds you deposit by check may be delayed for a longer period under the following circumstances:
Case-by-case delays. 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. The first $275 of your deposits, however, will be available on the first business day after the business day of your deposit.
If we are not going to make all of 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.
Safeguard exceptions:
- You deposit checks totaling more than $6,725 on any one day. In this case, we may make the first $6,725.00 of the day’s total deposits available to you on the first (1st) business day after the date of your deposit. The excess over $6,725.00 will be available no later than the fifth (5th) business day after the day of your deposit.
- We believe a check you deposit will not be paid.
- You redeposit a check that has been returned unpaid.
- You have overdrawn your account repeatedly in the last six months as described below:
1. On six or more banking days within the preceding six months, the account balance is negative, or the account balance would have become negative if checks or other charges to the account had been paid; or
2. On two or more banking days within the preceding six months, the account balance is negative, or the account balance would have become negative, in the amount of $6,725.00 or more, if checks or other charges to the account had been paid.
- 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 fifth (5th) business day after the day of your deposit. If the decision to delay availability is not made at the time you make the deposit, we will mail you a notice by the first (1st) business day after we receive your deposit. The notice will tell you when the funds will be available.
Special Rules For New Accounts
If you are a new client, the following special rules will apply during the first thirty (30) days your account is open.
Funds from electronic direct deposits into your account, and cash deposits made in person to one of our employees will be available on the day we receive the deposit. The first $6,725.00 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s and Federal, State, and local government checks and U.S. postal service money orders will be available on the first (1st) business day after the day of your deposit, if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $6,725.00 will be available no later than the fifth (5th) 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 $6,725.00 will not be available until the second (2nd) business day after the day of your deposit. Funds from all other check deposits will be available no later than the fifth (5th) business day after the day of deposit.
New Online Accounts:
The initial electronic deposit made during the Online Account Opening is processed as an ACH debit to one of your other accounts with us, or as an ACH debit to an account at another bank. If you are debiting your account at another bank to initially fund the account, we will credit your new Online Account provisionally and the funds may not be available until the sending bank gives us final credit. We will make the funds available to you no later than the fifth (5th) business day after the day that the deposit is provisionally credited to your new account. You agree that we may reverse our provisional credit if the sending bank does not give us final payment.
Hold on Other Funds
If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your Account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately, but delay your ability to withdraw a corresponding amount of funds that you have on deposit in another Account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.
Foreign Items
The processing and collection of foreign checks or Items are not subject to U.S. laws or regulations, including collection or return time periods. We reserve the right to accept any checks drawn on a financial institution not located in the United States (including Canadian financial institutions) on a collection basis only. Items accepted for collection are normally credited to your Account only after we have received payment for them. If we do agree to credit your account in advance and do not receive payment for the Item, we will debit your Account for the amount of the Item and any fees. Fees for processing collection Items apply even if the collection Item is returned unpaid.
For each Item sent, we will assess a collection charge plus any collection fees charged to us by other financial institutions that process the Item(s). Checks that are sent for collection are subject to payment by the Drawee Bank and are generally available within thirty (30) calendar days, but may take longer. If the check you present for collection is payable in foreign currency, we will credit your Account in U.S. currency at the foreign exchange rate applied by our Foreign Exchange department minus our collection fee and any collection fees assessed by other financial institutions or payers.
If we accept a foreign check for deposit or collection, you assume all risks associated with the collection process and foreign currency fluctuations. A foreign check may be returned unpaid much later (in some cases, several months later) than Items drawn on U.S. Banks. If a foreign Item is sent for collection and paid, then returned later for fraud, we will debit your account for the Item as well as any fees assessed by the foreign bank.
Other Provisions
From time to time, a deposited check may be returned unpaid after we make funds available to you. Please remember that even after we have provisionally 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. If a check you deposit is returned to us unpaid, you will have to repay us and we may charge your Account for the amount of the check even if doing so overdraws your Account.