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#1092134 - 12/04/08 09:50 PM Reg CC-Not in person deposit
Anonymous
Unregistered

Here is the scenario: Non-local check deposited through ATM or night drop for $600. Check is not a "special" check. Procedure manual states bank can hold full amount because it was not deposited in person. I believe 229.10 (c)only extends the hold by one day for "special" checks and has nothing to do with the $100 rule. I believe in the above example, we must make $100 available by the next business day, correct? $500 can be held for 5 days.

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#1092140 - 12/04/08 09:53 PM Re: Reg CC-Not in person deposit Anonymous
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Are you wanting to place a case-by-case hold or is this a new account hold?
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#1092668 - 12/05/08 05:38 PM Re: Reg CC-Not in person deposit BrendaC
Anonymous
Unregistered

Case by Case hold-not a new customer.

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#1092673 - 12/05/08 05:43 PM Re: Reg CC-Not in person deposit Anonymous
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
2nd business day availability for local item; 5th day for non-local item. I think you are correct, $100 must be available on next business day.
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Life without Jesus is like an unsharpened pencil - it has no point.

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