As long as the check was made payable to you, deposited into your account and it meets the definition of a cashier's check in the reg, then they would have to give you the first $5,000 the next day and the remainder in 11 days. This is assuming the reason they gave you was the large dollar exception
If, however, they had actual information that the check wouldn't be paid, then they should have used the "reasonable cause to doubt collectibility" reason and they could have held it for 11 days (you are right though, they couldn't place this hold just because of the type of check)
Last edited by MN Banker; 06/20/07 03:44 PM.