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Our general policy is to allow you to withdraw funds deposited in your “transaction account” (checking/share draft account) on the first business day after the day we receive your deposit. 

Depending on the type of check that you deposit, funds may not be available until the 2nd business day after the day of your deposit. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

  • We believe the check you deposit will not be paid.
  • You deposit checks totaling more than $5,525 on any one day.
  • You redeposit a check that has been returned unpaid.
  • You have overdrawn your account repeatedly in the last 6 months.
  • There is an emergency, such as failure of computer or communications equipment.
  • The account is opened on the same day as the deposit is received.

We will notify you if we delay your ability to withdraw funds for any of the above reasons.  Funds from electronic direct deposits will be available on the day we receive the deposit.

Several members have contacted us stating that they are receiving calls from someone claiming to be MERHO's fraud dept and our number appears as the number they are calling from. Our card department will contact you via text or email just to verify a charge is one that you have done, they will not ask for personal information. Please contact MERHO before ever giving out any personal information.