Only the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and government checks is subject to next-day availability. Regulation CC includes special rules for new accounts (i.e., transaction accounts open less than 30 days).Ĭash and electronic deposits are subject to next-day availability. Whenever an extended hold is placed, the financial institution must notify the customer, in writing, of the hold and the reason for the hold. The $100 rule does not apply when an exception-based hold is placed, unless the reason for the hold is a large deposit of over $5,000. In emergency situations (severe weather, computer malfunctions, etc.).Reasonable cause to doubt collection ability - if a financial institution has reason to believe the check being deposited will not be honored by the paying bank. ![]() (The branch may use this exception for 6 months after the last overdraft that made the depositor a “repeated overdrafter”)
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