Funds Availability | Santander Bank (2024)

Available balance vs. currentbalance:

Your available balanceis the amount of your current balance that is available for immediateuse.

• Certain pending transactions, such as deposits that contain checks or withdrawals that have not yet posted, may not be included in the availablebalance.

Your current balanceis the previous business day’s ending balance, plus or minus the full amount of any transaction made during the current business day, provided that Santander is aware of such transactions (e.g., checks you may have written, electronic transfers, automatic payments,etc.).

• A business day is every day except Saturdays, Sundays, and federalholidays.

Tips to keep you in theknow:

• Use the Quick Balance feature in the Business Mobile Banking App to instantly view your available balance on up to five(5) accounts without loggingin.
• You can also log in to Business Mobile or Online Banking to view your available balance on all youraccounts.

When your funds from your deposit becomeavailable.

Different types of deposits become available at different times. The table below is a general summary of our Funds Availability Policy. Please review the Funds Availability Policy in our Personal Deposit Account Agreement for a complete description of ourpolicy.

Note:In some cases, we may delay availability to withdraw funds beyond the periods described above. If we do, we’ll notify you. If this does happen, the funds will generally be available on the sixth (6^th) business day after the business day ofdeposit.

Helpful tip:A business dayis every day except Saturdays, Sundays, and federal holidays. If you make a deposit on a non-business day, your date of deposit is the next businessday.

For your protection and the bank’s protection, we may place an extended hold on some deposits for up to 5 business days after the business day of your deposit. If we do, we will notify you. When this occurs, funds placed on an extended hold will generally be available on the 6^thbusiness day after the business day of your deposit.

If funds from a recent deposit are needed for a transaction, we recommend that you always check your available balance before making purchases, writing checks, or scheduling electronic payments.

Example:I make a deposit on a Tuesday, and an extended hold is placed on my deposit. As long as there are no holidays, the funds will be held for 5 business days (Wed, Thu, Fri, Mon, Tue) after the business day of the deposit. Therefore, the funds would be available on the 6^thbusiness day, which, in this scenario, would be the following Wednesday.