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Globaling Funds Availability Policy

Effective Date: September __, 2021

Determining the Availability of a Deposit

The number of days for your deposit to become available is counted in business days from the day of your deposit. Our business days are Monday through Friday, excluding bank holidays. The business day is from 9:00 a.m. to 5:00 pm, MST. Deposits made after 2 p.m. MST. Deposits made after 2 p.m. MST or on a Saturday, Sunday, or bank holiday, are considered received as  of the next business day. After the times indicated above or on a day we are not open, we will consider that your deposit was made on the next business day we are open. 

The length of the delay varies depending on the type of deposit, as explained in the “Funds Availability Chart” on the next page.

Same Day Availability

Funds from electronic deposits to your account, including direct deposits and ACH transfers received, will be available on the day we receive the deposit

Next Day Availability

U.S. Treasury Checks that are payable to you will be available the next business day after the banking day on which funds are deposited.

Wire Transfers will be available the next business day after the banking day on which funds are deposited.

Funds Availability for All Other Checks 

You can deposit a check to your GLOBALING account is to use our in-app mobile deposit feature. When you do, we will make the first $225 available the next business day after the banking day on which funds are deposited, and remaining funds will be available no later than the second business day after the banking day on which the funds are deposited. 

Longer Delays May Apply

Funds you deposit by check may be delayed for longer periods under the following circumstances: 

  • We believe a check you deposit will not be paid 
  • You redeposit a check that has been returned unpaid
  • You have overdrawn your account repeatedly in the last 6 months
  • There is an emergency, such as a failure of communications or computer equipment

 

We will notify you if we delay your ability to withdraw funds for any of these reasons. Funds will generally be available no later than the fifth business day after the day they would normally become available.

It is GLOBALING’s practice, based on the policy of its Partner Bank Sterling National Bank, to delay the availability of funds that you deposit into your account. During the delay, you may not withdraw funds in cash and we will not use the funds to issue payments. The length of delay varies depending on the type of deposit, as explained below: 

Type of Deposit

Day of Deposit

Next Business Day after Day of Deposit

Second Business Day after Day of Deposit

Electronic Deposits including Direct Deposits and Electronic Transfers

Entire deposit amount available 

  

Check drawn on the U.S. Treasury 

 

Entire deposit amount available 

 

Check deposited via mobile deposit

 

$225 available

Balance of deposit amount available