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#17234 - 05/08/02 07:10 PM Reg CC and $100 rule
Love those Regs Offline
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Joined: Apr 2002
Posts: 293
Southern State
My bank gives funds availability sooner than required therefore we use case-by-case holds in addition to the exception holds. Does the $100 rule apply to case-by-case holds? Do we have to give $100 of non next day items? For example, customer brings in a $265 non-local check that is also a 2 party check. Do we have to give $100 next day and only hold $165 until the 5th business day?
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#17235 - 05/08/02 07:57 PM Re: Reg CC and $100 rule
JacF Offline

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Joined: Nov 2001
Posts: 6,719
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Here's the short answer:
If you are using a case-by-case hold or a large item exception hold, the $100.00 rule applies. If you are applying an exception reason (other than large deposit) you do not have to make $100.00 available the next day.

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#17236 - 05/08/02 08:01 PM Re: Reg CC and $100 rule
Love those Regs Offline
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Joined: Apr 2002
Posts: 293
Southern State
Thank you. That was my thought also.
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