SALLIE MAE BANK
FUNDS AVAILABILITY SCHEDULE

REVISED 02/2013

Non-Checking Accounts

                           Hold time*

New Account

Existing Account

10 Business Days

5 Business Days

10 Business Days

10 Business Days

 

*ACH Credits & internal electronic transfers are available immediately

 

 

Checking Accounts Only

Standard Holds

New Account Holds

Other Holds

Available immediately

Available immediately

Available immediately

Available next business day

First $5,000 available next business day

Remaining amount (if any) available on the 9th business day after the day we receive your deposit

Available next business day

First $5,000 available on the 5th business day after the day we process your request

Remaining amount (if any) available on the 10th business day after the day we process your request

First $5,000 available on the 5th business day after the day we process your request

Remaining amount (if any) available on the 10th business day after the day we process your request

First $5,000 available on the 5th business day after the day we process your request

Remaining amount (if any) available on the 10th business day after the day we process your request

The lesser of the deposit amount or $200 of your total deposit will be available the next business day

The next $4,800 (if any) of your total deposit will be available 2nd business day

The remainder of the deposit (if any) will be available 7th business day

Available 7th business day

The lesser of the deposit amount or $200 of your total deposit will be available the next business day

The next $4,800 (if any) of your total deposit will be available 2nd business day

The remainder of the deposit (if any) will be available 7th business day

*Sallie Mae Bank does not accept Cash, Money Orders, or 3rd Party Checks for deposit. 3rd Party checks are checks not made initially payable to our account owner.

 
About Sallie Mae| About Upromise| FAQs| Contact Us| Privacy| Terms of Use
© 1995-2013 Sallie Mae, Inc. All rights reserved / © 2001-2013 Upromise, Inc. All rights reserved
SLM Corporation and its subsidiaries, including Sallie Mae, Inc and Upromise, Inc. are not sponsored by or agencies of the United States.
Deposit Products are offered through Sallie Mae Bank®, Member FDIC