Are my deposited funds ever delayed?

When you can access a deposit typically depends on the type of deposit made:

• Checking accounts: Domestic direct deposits, along with cash and most check deposits, are typically available the same day we receive the funds.
  • However, if you’ve deposited over $6,725 in checks in one day, the remaining funds could take up to seven business days to show up.
• Savings and money market accounts: The availability may vary based on the terms and conditions of your account.
  • Learn more by accessing our agreements.
• International deposits: These may be subject to government reviews and could be delayed to ensure compliance with financial regulations.

If you have questions about the status of a specific deposit, please contact us. We’ll be happy to assist you!

An account hold is a temporary restriction that prevents a transaction from being completed right away. When an account is in a hold, it allows us to verify the authenticity of the transaction and ensure the funds are legitimate before they’re made available for use.

For example, if you cash a check from another bank, we may place a hold on an equivalent amount in your account until the check clears. Similarly, if you deposit a check, we may place a hold on funds in the originator's account until the deposit clears.

We're here to help! Simply contact us, or stop by one of our locations or message us through mobile banking. We'll give you a form you can give to your employer or other payer. 

Note: To message us through mobile banking, log in to the Gate City Bank app and click "More" in the lower right corner. Then, navigate to "Message Us.”

Great question! The minimum opening deposit is $25 for our BankOn checking account and only $50 for all other Gate City Bank personal and business checking accounts.