How does Freedom clear transactions on my account?

In general, credits are posted to your account as they are received. There may be times when a hold is necessary. Please refer to the Funds Availability Policy for more details on deposit holds.

Checks are posted daily, when Freedom receives the file from the Federal Reserve. Checks are debited from an account in the order contained in the file. ACH payments are paid throughout the day in order of receipt. ATM and other PIN Based transactions are typically debited immediately, but some merchants may submit for payment at a later time.

Signature-based debit card transactions place an authorization hold on funds. This hold can be the same or different than the actual transaction amount. The transaction is cleared in the order received throughout the day as the merchants submit for payment. For additional details on transaction clearing, please refer to the Membership and Account Agreement.

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