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Refusing to Accept Certain Kinds of Checks
Answer by Ken Golliher, BOL Guru

Question: Is a bank out of compliance if they refuse to accept a certain type of check for deposit, such as a credit card check? The ones written off a person's charge card?

Answer: Regulation CC specifically leaves the decision to accept or reject a check for deposit to the bank:

12 CFR 229.19(c) Effect on policies of depositary bank. This part does not
(2) Affect a depositary bank's right--
(i) To accept or reject a check for deposit;

First published on 12/15/03

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