From Zions:
Thank you for contacting Zions Bank. I apologize for the delay in our response. We do not do a hard pull, or a credit inquiry when opening the Deseret MM or High Yield Checking. We only pull a credit report if we are extending credit. You may apply for the External transfer option online, which will allow you to transfer funds from your account to and from another of your accounts at a different Financial Institution. Please keep in mind that you must have a Check Reserve or Credit Card Account with us to qualify for these transfers.
After signing into Internet banking, follow these instructions:
1) Click "Transfers."
2) Click "Add an External Account."
3) Click "Electronic Account Transfer Form (PDF)."
4) Print the forms, and review the "External Transfer Agreement."
5) Complete the application and mail it to: Zions Bank - Internet
Banking, Attn: Internet External Transfer Enrollment, Dept 0826 , PO BOX
26127, Salt Lake City , and UT 84119.
Once we have received your application we will process your enrollment for external transfers. No more than 6 transfers can be made during each 30 day statement cycle by internet transfer, preauthorized transfer, or telephone transfer. Of these 6 no more than 3 may be made by check, draft, or debit card. The bill pay will provide electronic billing only if the merchant you are trying to pay to does. The initial deposit must either be mailed in, or if you have an existing account with Zions you can transfer the funds.The timeframe varies depending on how the application was submitted.
The following is our funds availibiity policy:
GENERAL POLICY
Funds are available the 1st business day after the business day of deposit. Cash and electronically-deposited funds are available the same
day.
Every day is a business day except Saturday, Sunday, and holidays. Deposits made on the current business day are processed that day. Otherwise, deposits are processed the following business day. The close of the current business day in each branch may range from 2:00 p.m. to 7:00 p.m.
LONGER DELAYS
Funds may be delayed if one of the following apply:
-Account is less than 30 days old
-Re-deposited check
-Repeated overdrafts in past 6 months
-Deposits total more than $5,000 in 1 day
-Emergency (e.g., failure of communications or computer equipment)
-Check will not be paid
Except for new accounts (see below), funds are generally available by the 7th business day after deposit (local checks) or 11th business day (non-local check). Funds exceeding $100 may not be available until the 5th business day after deposit. Notice of delay is provided at the time of deposit or mailed by the following business day.
NEW ACCOUNTS-FIRST 60 DAYS
Funds from the following are available on 1st day after deposit (request a special deposit slip from the teller to provide next-day
availability):
- Federal checks
- State/local government checks, official checks, cashier's checks
For other deposits, availability depends on whether the check is local (2nd business day) or non-local (5th business day). Funds in excess of $5,000 may not be available until the 9th business day during the first 30 days.
HOLDS
If we cash a check from another bank, we hold a corresponding amount of funds from one of your accounts-either the depositing account or
another. The hold is released when funds from the check should have been made available.
Please let me know if I can do anything else for you.
Sincerely,
******
Online Support
Zions Customer Service: 1-800-974-8800
Online Customer Service: 1-800-840-4999
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