YOUR ABILITY TO WITHDRAW FUNDS AT
PEOPLES STATE BANK
5850 Hwy. 59 South
PO Box 1287 Shepherd, TX 77371
Phone: (936) 628-3312

This policy statement applies to all deposit accounts.

Our policy is to make funds from cash and check deposits available to you on the first day after the day we receive your deposit.  Electronic deposits will be available on the day we receive the deposit.  Once the funds are available, you can withdraw them in cash and we will use funds to pay checks that 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 of your deposit.  However, if you make a deposit after 2:00 p.m. or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.

In some cases, we will not make all 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 day after the day of your deposit.  The first $100 of your deposits, however, may be available on the first business day.

If we are not going to make funds from your deposit available on the first business day, we will notify you at the time that you make the deposit.  We will also tell you when the funds will be available.  If your deposit is not made directly to one of your employees, or if we decide to take this action after you have left the premise, 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 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 deposit 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 or computer or communication equipment.

We will notify you if we delay your availability to withdraw funds for any of these reasons; 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.