Why are there holds on cash ATM deposits?
When a deposit is made to the ATM, $100 is immediately available to our members. The remainder is held until the deposit can be verified. This is because there is currently no immediate way to verify that the deposit was made with cash vs. check, and that the amount of cash was correctly input. Until the verification can be completed we utilize holds to minimize the potential loss to the credit union and our members. Why do you restrict the ATM withdrawal limit on my funds? We place withdrawal limits on ATM transactions to protect members against possible fraudulent withdrawals. The only way to identify the member conducting an ATM transaction is with a PIN. Unfortunately PINs are sometimes obtained fraudulently, and if limits were not put in place, thieves could withdraw all available funds from an account. Once the money has been taken from your account, with the use of a PIN, it can be challenging and time consuming to recover stolen funds. These limits protect your account from the
