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Principal Bank Funds Availability

ATM Funds Availability

Cut off time for ATM deposits to be credited to your account on the current business day is 6 PM (Central time). Any deposit made after that time will be credited to the account on the next business day. The first $100 of the deposit is added to the current available balance. Only $100 will be immediately available per account per day, regardless of the number of deposits made. That amount is available for use in debit card purchases and for withdrawal from an ATM. Deposited amounts totaling less than $100 will be immediately available in their entirety. The available amount of the deposit will also be immediately available online.

ATM Deposits - example of availability of deposited dollars:

Deposit Day, Time (Central time) Deposit Dollars Dollars Available Immediately -- ATM, Debit Card & Internet Entire Deposit Available - Internet, ATM & Debit Card
Monday, 2 PM $337.50 $100 + current available balance Tuesday
Tuesday, 10 PM $337.50 $100 + current available balance Thursday
Friday, 7 PM $337.50 $100 + current available balance Tuesday
Sunday, 3 PM $ 77.50 $77.50 + current available balance Tuesday

In-Person Funds Availability

Cut-off time for deposits made in person at the Principal Employee Financial Center at 711 High St. is 2:00 PM (Central time) for the current business day. The deposit will show as being available online and at the ATM the following business day. The Principal Employee Financial Center teller line hours are 10:00 AM - 2:00 PM (Central time), Monday through Friday.

Deposits at the Principal Employee Financial Center - example of availability of deposited dollars:

Deposit Day, Time (Central time) Deposit Dollars Deposit Dollars Available Available Internet
Monday, 2 PM $337.50 $337.50 Tuesday
Wednesday, 10 AM $337.50 $337.50 Thursday
Friday, 2 PM $337.50 $337.50 Monday

Principal Bank processing days are Monday through Friday, excluding federal holidays. For additional information on the availability of your deposited funds, please review the Funds Availability portion of the Terms and Conditions brochure you received after you opened your account.

Federal Holidays

The Federal government observes the holidays shown below, and therefore no banking transactions will be processed by the Federal Reserve on these days. You can, however, request transactions (BillPay, transfers, ATM deposits) on these days, and they will then be processed on the next Federal business day. Remember: transactions are always available to be viewed the day following processing. For example, if you make a deposit on a Monday holiday, the transaction will be processed on Tuesday and can be viewed on your account on Wednesday.

2009 Federal Holidays:
Thursday, January 1 New Year's Day
Monday, January 19 Birthday of Martin Luther King, Jr.
Monday, February 16[1] Presidents' Day
Monday, May 25 Memorial Day
Friday, July 3 Independence Day
Monday, September 7 Labor Day
Monday, October 12[1] Columbus Day
Wednesday, November 11[1] Veterans' Day
Thursday, November 26 Thanksgiving Day
Friday, December 25 Christmas
[1]
Principal Bank is open these days, although transactions will not be processed until the following day.
Related Links

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Everything you need to switch your new Principal Bank accounts

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FAQs
Answers to Frequently Asked Questions regarding Principal Bank accounts

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Have a question? Contact a bank customer service representative at 1.800.672.3343 or via e-mail.

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