Availability of Funds Policy

The Regulation CC, Availability of Funds and Collection of Checks 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 to the depositor the same day, the next business day, or after several days; in most cases, the longest possible delay could be up to seven (7) business days following the day of the deposit. During the delay period (if any), depositors may not withdraw the funds in cash and the Bank will not use the funds to pay checks issued by the depositor.

Banco Popular sets the availability of funds according to the minimum amounts established by the Regulation CC. Nevertheless, the bank will periodically evaluate certain criteria and may grant you a greater availability of funds that the one established by the Regulation. Currently, the next day after deposit Banco Popular makes available for withdrawal up to the first $200 deposited in individual customer accounts and up to the first $1,000 in identified individual accounts, and commercial accounts. If you need funds available the same date of deposit you may request a special authorization from one of our officers prior to making the deposit in one of our branches.

For more details, access our Availability of Funds Policy. If you need additional information you may visit any of our branches or contact TeleBanco Popular at (787) 724-3650 or 1 (888) 724-3650, available 24 hours, seven days a week.