Last modified: July 2025

Purpose Of This Disclosure:

Our general policy is to allow you to withdraw funds deposited in an account by the first Business Day after the day of deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first Business Day after the day of deposit. Our complete policy is summarised below.

For purposes of this disclosure, the terms “you” and “your” refer to the customer, and the terms “our,” “we,” and “us”refer to Raenest Inc. The term “account” includes any demand deposit, negotiable order of withdrawal account, savings deposit, money market account, or other non-time deposit account.

Determining The Availability Of Your Deposit:

The length of the delay varies depending on the type of deposit and is explained below. When we delay your ability to withdraw funds from a deposit, you may not withdraw those funds in cash, and we will not pay checks drawn on your account using those funds. Even after funds have been made available to you and you have withdrawn them, you remain responsible for any checks you deposit that are returned to us unpaid and for any other issues involving your deposit.

When we delay your ability to withdraw funds, the length of the delay is counted in Business Days from the day of your deposit. The term “Business Day” means any day other than a Saturday, Sunday, or federally declared legal holiday, and the term “Banking Day” means that part of any Business Day on which we are open to the public for carrying on substantially all of our banking functions.

If you make a deposit before the close of business on a Business Day we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after the close of business or on a day we are not open, we will consider the deposit made on the next Business Day we are open.

Availability Schedule:

Our policy is to make funds from your cash and check deposits available to you by the first Business Day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once funds are available, you may withdraw them in cash, and we will use them to pay checks you have written.

Longer Delays May Apply: In certain cases, we may not make all the funds that you deposit by check available to you according to the above availability schedule. Depending on the type of check you deposit, funds may not be available until the second Business Day after the day of your deposit. Effective July 1, 2025, the first $275.00 of your deposits may be available on the first Business Day after the day of deposit.

If we are not going to make all of the funds from your deposit available according to the standard availability schedule, we will notify you at the time you make your deposit. We will also inform you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the Business Day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

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

• If we believe a check you deposit will not be paid;
• If you deposit checks totaling more than $6,725 on any one day (effective July 1, 2025);
• If you redeposit a check that has been returned unpaid;
• If you have overdrawn your account repeatedly in the last six months (the threshold for a repeat overdraft is now $6,725); or
• If an emergency condition arises, such as a failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons and will tell you when the funds will be available. They will generally be available no later than the seventh Business Day after the day of your deposit. If you will need the funds from a deposit right away, please ask us when the funds will be available.

Special Rules For New Accounts:‍

If you are a new customer, the following special rules may apply during the first 30 days your account is open:

Funds from electronic direct deposits to your account and checks drawn on us will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $6,725 of a day’s total deposits of U.S. Treasury checks, U.S. Postal Service money orders, cashier’s, certified, teller’s, traveller’s, and federal, state, and local government checks will be available by the first Business Day after the day of deposit if certain conditions are met (for example, the checks must be payable to you and you may need to use a special deposit slip). Any excess over $6,725 will be available by the ninth Business Day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $6,725 will not be available until the second Business Day after the day of deposit.

‍