09/18/2022
Can we waive a CD penalty?
09/11/2022
Do we give out Regulation DD disclosures on business accounts?
07/24/2022
Regarding Reg CC and Next Day Availability, does the bank have the authority or flexibility to release an amount larger than the $225 required by the regulation? For example, if a $10,000 check is deposited in a consumer's account, can the bank release an amount such as $2,500? This would include $2,275 in addition to the $225 required by the regulation.
03/27/2022
This is about holds on mobile RDC Deposits, specifically what are the rules on funds availability? For what periods of time are we permitted to hold funds on mobile deposits and is the item itself going to affect this?
Also, pertaining to a legal copy of deposited checks - are we obligated to provide the client with the IRD in a digital bank environment, or just a notice covers us?
01/16/2022
In regards to Next-Day Availability for checks drawn by a state or a unit of general local government, it's not clear to me exactly what type of checks these are. Is a check, lets say, drawn out of "ABC Bank" for "Far Out County Delinquent Tax Account" (a local county) with an out-of-state P.O. Box address listed on the check considered a check drawn by a unit of general local government, therefore, Next-Day Availability applies?
09/19/2021
I am wondering if it is against regulations to place a 10-day hold on a check? I always thought we couldn't go past 9 days. Please refresh my memory!
08/29/2021
Can a bank that generally makes check deposits available the day after the deposit decide not to make case-by-case holds but employ exception holds when needed?
08/22/2021
The inflation-adjusted dollar amounts, especially $225 and $5,525, in Regulation CC are cumbersome to work with. Can a bank “round them up” to amounts that are easier to work with, such as $250 and $5,600?
08/15/2021
Under Reg CC, I need assistance in regards to when a notice must be mailed to a customer for an ATM deposit. To detect and prevent fraud losses, our detection teams currently review ATM deposits made to an account on the same day of deposit, but prior to posting to a customer's account or prior to our processing area posting it to a customer's account. After nightly posting by our core system, when transactions are posted and services are updated for the next day's work, holds are then applied to the account (early AM time, Day 2). Reg CC notices are mailed the following day after the hold is applied. Does this fall within the Reg CC guidelines for a timely notice or since we reviewed the deposits (prior to posting) do we have to send a notice the following day, basically the same day the hold is applied to the account?
07/11/2021
Can anyone tell me what the retention period is for hold notices/funds availability forms?
I have checked with our state bank department and this form was not specifically addressed. If it is not uniformly required, how long do other banks keep these Reg CC notices, and what about cash advance receipts (Visa)?
