Can I opt out of Payday Your Way?

Great question! We’ll work to make your funds available to spend the same day we receive a deposit notice from your employer or other payers – up to two days earlier than your scheduled payday.¹

Absolutely not! Payday Your Way comes free with your Gate City Bank checking account.

This largely depends on when we receive a deposit notice from your employer or other payers. As soon as we receive that notification (except on Sundays or federal holidays), we’ll make the funds available to you!

If you have questions, please contact us and a team member will be happy to help you!

If your old policy hasn’t expired when you cancel, you may receive a refund check. If the insurance company pays you directly, you will need to forward the check to Gate City Bank for deposit into your escrow account. Without the refund, there will be a shortage in your escrow account. This may cause an increase to your monthly mortgage payment. You can mail your check or stop by your local Gate City Bank location to have it placed in your escrow account.

Once you receive your refund, please endorse the check with “For Escrow Deposit Only,” along with all applicable signatures. Then, please mail the check to the following address:

Gate City Bank
PO Box 2847
Fargo, ND 58108

Please be advised that switching insurance and/or switching effective dates may alter your original escrow calculation. This could result in an additional increase or decrease to your monthly mortgage payment. Once Gate City Bank knows your refund has been placed in your escrow, we’ll look at your account to determine if it should go through analysis. Please contact us with any questions.