I recently rec'd a notice from another bank saying they will make the $100 of a check deposited into a commercial account or $200 of a check deposited into a consumer account. I can't find any reference to show there are different amounts for deposits to consumer and commerical accounts. Please clarify, thank you.
As far as I am aware, that Bank is incompliant with their practice. Although the notice requirement of the change only applied to consumers, the change to $200 available applies to transaction accounts alike -- consumer OR business.