Instant Deposit Policy
Beginning December 1, 2020, members were given the option to instantly deposit most ACH deposits.
- An instant deposit is defined as early access to a direct deposit that is scheduled to post to your account. An instant deposit is a way for you to gain access to your funds sooner.
- There will be a $10 fee per instant deposit.
- This fee only applies to instant deposits and does NOT apply to regularly scheduled deposits.
- No checking account required.
- Direct deposit and earlier availability of funds are subject to the timing of the payer’s funding, and Credit Union approval. Honor Credit Union cannot guarantee a payer’s funds will be available for instant deposit.
Regulation CC Policy
|Next day availability (229.10)||$225|
|Large Deposit (229.13(b)), New Account (229.13(a)), and Repeated Overdraft Limits (229.13(d))||Aggregate amounts over $5,525|
|Special rules for cash withdrawals (229.12(d))||$450|
|Civil Liability (229.21(a))||$1,100 and $552,500|
To review our Funds Availability Policy in full, click here. If you have any questions, do not hesitate to reach out to our Virtual Member Center by phone/text at 800.442.2800 or through Live Chat with us on our website.
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