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Account or person. There may be more than one level 

of verification required.

(b)  Requests received and fully verified at or before 3pm 

Eastern Time on a Business Day will be processed 

as of that Business Day. Wire transfer requests 

received and fully verified after 3pm Eastern Time on 

a Business Day, or at any time on a day that is not 

a Business Day, will not be processed until the next 

Business Day.

(c)  ACH Transfers Between Discover and Non-Discover 

Accounts

•  You can transfer funds via ACH between any of your eligible 

Discover Bank Accounts and eligible accounts you own at 

other U.S. financial institutions, subject to the restrictions 

identified in Section 11.

•  In order to initiate an ACH transfer, you must be an owner of, 

or signer on, the bank account from which funds are being 

debited. You are required to provide the routing number, 

account number, and bank name for the account from which 

the funds will be debited.

•  ACH requests made by phone before 5pm Eastern Time on a 

Business Day will be initiated by us on the same day.

•  ACH requests made by phone after 5pm Eastern Time on a 

Business Day or at any time on a non-Business Day will be 

initiated by us on the next Business Day.

•  Funds deposited via ACH will be available as set forth in 

Section 15 (Funds Availability).

•  ACH transfers initiated by phone are permitted for initial 

Account funding only.

•  For security reasons, there may be limits on the dollar 

amount and the number of external transfers from your 

Account. We reserve the right to terminate, change, 

discontinue or add funds transfer functionality at any time, 

within our sole discretion.

(d)    ACH transfers initiated via the Account Center are subject 

to the Account Center (Banking) Agreement, which will be 

disclosed to you at the time of Account Center registration.

(15) FUNDS AVAILABILITY (HOLDS)

Our policy is to make funds from your cash, check, and other 

deposits to your Account available to you as set forth in this 

Section 15. Once funds are available, the funds can be used to 

cover debit transactions on the Account (e.g., cash withdrawals 

at the Branch or ATM, ACH transfers, and checks written).  

(a) Check Deposits

Section 15(a)(i) sets forth our general funds availability 

schedule for checks. Please note Section 15(a)(ii), which 

sets forth our availability schedule for large check deposits 

over $5,000 and for check deposits under other special 

circumstances, and Section 15(d) which sets forth our 

availability schedule for checks deposited by new customers.

  (i) General Availability

Funds from checks, drafts or money orders drawn on 

any financial institution located in the United States 

(including a U.S. branch or agency of a foreign bank) 

will be available for withdrawal as follows:

Type of Deposit

Funds Availability

Checks drawn on 

Discover Bank made 

in person to one of 

our employees at  

the Branch

No later than the first 

Business Day after the date 

of your deposit

Checks drawn on 

Discover Bank not 

made in person to one 

of our employees at 

the Branch

No later than the first 

Business Day after the date 

of your deposit

U.S. Treasury Checks

No later than the first 

Business Day after the date 

of your deposit

Special Check Types 

(U.S. postal money 

orders, and Federal 

Reserve Bank, Federal 

Home Loan Bank, 

cashier’s, official, 

certified, teller, state 

and local government 

and travelers checks); 

made in person to one 

of our employees at 

the branch

No later than the first 

Business Day after the date 

of your deposit

Special Check Types 

(U.S. postal money 

orders, and Federal 

Reserve Bank, Federal 

Home Loan Bank, 

cashier’s, official, 

certified, teller, 

and state and local 

government); not 

made in person to one 

of our employees at 

the Branch

First $200 of the deposit

Remainder of the deposit

No later than the first 

Business Day after the 

date of your deposit

No later than the second 

Business Day after the date 

of your deposit

Other Checks

First $200 of the deposit

Remainder of the deposit

No later than the first 

Business Day after the 

date of your deposit

No later than the second 

Business Day after the date 

of your deposit

 (ii)  Delayed Availability

The availability of funds from checks deposited may 

be delayed for a longer period of time to ensure that 

the funds have cleared the institution on which they 

were drawn and under circumstances including, but not 

limited to, the following:

•  We have reason to believe a check you deposit will not 

be paid.

•  If you deposit checks totaling more than $5,000 on 

any one Business Day.

•  If you deposit U.S. Treasury checks totaling $15,000 

or more on any one Business Day, we will generally 

make up to $15,000 available to you no later than 

the first Business Day after the date of deposit, and 

the remainder available on the fifth Business Day 

after the date of the deposit. 

•  If you deposit checks drawn on Discover Bank 

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