Depends. If it's a new account hold on the excess over $5,000 of next-day checks, the funds are usually made available by the 9th business day. Otherwise, exception holds are typically released so that funds are available by the 7th business day. Of course, any bank can make those funds available sooner, at its discretion.
Regardless of the regulatory limits, you need to know what your bank's policy is in this regard, and adhere to it.
Last edited by John Burnett; 08/21/13 05:59 PM.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8