Learn More - Click Here!

New Reply Thread Options
#2258270 - 08/16/21 08:39 PM Hold Rules for ATM Deposit
Anonymous
Unregistered

Are there any special hold (Reg. CC) rules for a deposit made at the ATM machine?

Return to Top Reply Quote Quick Reply Quick Quote
#2258271 - 08/16/21 08:48 PM Re: Hold Rules for ATM Deposit Anonymous
Oursisnottoreasonwhy Offline
Gold Star
Oursisnottoreasonwhy
Joined: Nov 2004
Posts: 484
Central Illinois
ATM Deposits
• Deposits at a proprietary (owned by the bank or credit union) ATM
• 2nd Business Day

Return to Top Reply Quote Quick Reply Quick Quote
#2258272 - 08/16/21 08:58 PM Re: Hold Rules for ATM Deposit Anonymous
Anonymous
Unregistered

Yes, check is deposited at an ATM owned by bank. Can’t the exception hold reasons be applied on checks deposited through the ATM? Such as a large deposit hold?

Return to Top Reply Quote Quick Reply Quick Quote
#2258294 - 08/17/21 03:36 PM Re: Hold Rules for ATM Deposit Anonymous
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,416
Cape Cod
If the deposit is made at a proprietary ATM, you can place any hold -- including an exception hold -- that you would place on a check deposited in person. Also, any "next day" check -- except for a U.S. Treasury check -- that requires in-person deposits to qualify for next day availability can be delayed to 2nd bus day.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top Reply Quote Quick Reply Quick Quote
Quick Reply:
HTML is disabled
UBBCode is enabled




Moderator:  MagicCity, P*Q, Truffle Royale