Availability of Funds Policy

The Availability of Funds and Collection of Checks (Regulation CC) of the Federal Reserve Bank requires banks to make deposited funds available to the depositor within certain established periods of time. Depending on the type of deposit, the funds may be available for withdrawal the same day, the next business day, or after several days after the date of deposit; in most cases the longest delay is up to the seventh business day after the date of deposit. During the delay period (if any), depositors may not withdraw the funds in cash and the Bank will not use the funds to process payment orders issued by the depositor.

Banco Popular sets the limits of the availability of funds according with the minimum amounts required by the Regulation CC. Nevertheless, periodically the bank will evaluate certain criteria and may grant higher availability of funds than the limit established by the Regulation. Currently, the next day after deposit Banco Popular makes available for withdrawal up to the first $225 deposited in individual accounts and up to the first $1,000 in identified individual accounts, and commercial accounts.

For more details related to the availability of funds, access our Availability of Funds Policy. If you need additional information, you may visit any of our branches or contact TeleBanco Popular at (787) 724-3659 or 1 (888) 724-3659, available 24 hours, seven days a week.