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#2170312 - 03/27/18 03:49 PM Reg CC New Account Hold
NoJustNo Offline
100 Club
Joined: Oct 2013
Posts: 200
Midwest
Can someone explain why the BOL Chart references "On Us < $5k" and "Regular Checks < $5k" for new account holds? Wouldn't that apply to any amount?

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Operations Compliance
#2170623 - 03/28/18 04:16 PM Re: Reg CC New Account Hold NoJustNo
Compliance NABW Offline
Diamond Poster
Joined: Oct 2015
Posts: 1,597
Yes, it would apply to any amount for new account holds for these types of checks. I think it is just due to the way the Chart is set-up. In other words, it is because the Chart allows for the distinction for Large Deposit holds (>$5K) later down in the table.

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#2171290 - 04/02/18 02:50 PM Re: Reg CC New Account Hold NoJustNo
NoJustNo Offline
100 Club
Joined: Oct 2013
Posts: 200
Midwest
Thanks, JPC! I was worried I was missing something!

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