Deposit Account Agreement

These terms govern deposit accounts opened at Redwick Bank, Charter No. RB-0001, Member FDIC. By opening or using an account you agree to this agreement.

Deposits and insurance

Everyday Checking and Vault are deposit accounts on Redwick’s books. Deposits are insured to at least $250,000. Member FDIC. Coverage is applied per depositor, per ownership category, as published by the FDIC.

Posting and available funds

Posted balances are derived from the ledger. Holds reduce available funds until they are released or captured. Inbound ACH credits post when the sending institution releases them.

Transfers and instructions

Outbound transfers reserve available funds when submitted and are not sent until the bank posts them. If the bank declines an instruction, the hold returns to available.

Access

You are responsible for credentials, passkeys, and devices used to reach online banking. Redwick staff will not ask for your password or one-time codes.