Case by case holds require $200 next business day. Exception holds do not. (Note if we combine a case by case and large item exception, then $200 is required next business day and $4,800 the second business day.) A cashier's check loses its mandatory next business day availability if it is not deposited in person into the account of the named payee.
The point is moot. Since the payee of the check has up to three years depending on your state's Uniform Commercial Code to claim forged endorsement, a 7 business day hold leaves you with approximately 1085 days of potential liability exposure (give or take depending on holidays and leap year.) If we were concerned enough to place a hold, maybe we should have refused the deposit.
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