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#84055 - 05/30/03 09:04 PM New Account Reg CC Hold Limits
ShannonC Offline
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Joined: Sep 2002
Posts: 125
Kansas
Normal hold for a local check - 2 days
New Account hold on local check - 7 days

Do you have to use the full 7 days on a new account or can you make it available earlier if you think it will clear within a shorter time? What form do you use? Regular hold notice with a description of NEW ACCOUNT for reason? Exception Hold notice? Our exception hold notice doesn't have new account as a reason?

Dumb questions, but Reg. CC always gives us fits?

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#84056 - 05/30/03 09:07 PM Re: New Account Reg CC Hold Limits
Lestie G Offline

Power Poster
Joined: May 2002
Posts: 3,608
Near the Land of Enchantment
OK, I give. What's funny about this?

(Sorry Shannon - not poking fun at you, but you should probably post this question in the Operations or General forum rather than the Chat forum.)
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#84057 - 05/30/03 09:08 PM Re: New Account Reg CC Hold Limits
ShannonC Offline
100 Club
Joined: Sep 2002
Posts: 125
Kansas
Didn't realize I was in a different forum!! My bad. I'll put it elsewhere.

Sorry

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#84058 - 05/30/03 09:24 PM Re: New Account Reg CC Hold Limits
Anonymous
Unregistered

Whew! I feared being in banking had seriously warped your sense of humor, if you thought Reg CC could be funny.

The only funny comment I've ever heard about it was the joke from Chuck Lewis years ago that went something like:

Examiner to CEO: How do you feel your bank is doing on Reg CC compliance?

CEO: Oh, great, great.

CEO (later) to Compliance Officer: Just a heads-up. The examiner was quizzing me about our Spanish disclosures. You'd better make sure we're doing what we're supposed to be doing under that Reg Si Si . .

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#84059 - 05/30/03 09:39 PM Re: New Account Reg CC Hold Limits
Princess Romeo Offline

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Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
Mary - that reminds about the joke where the CEO thought "Fedicia" was the new gal in bookkeeping.

My favorite compliance "cartoon" shows a "mob" type figure behind a desk, with a cigar smoldering in the ashtray. In front of him is a rather meek looking fellow standing next to a very tall, burly guy. The caption read "And in compliance with the Truth-in-Lending laws, I must disclose that if you fail to make your payment, my associate here will break your face."

Now THAT'S Truth-in-Lending!!!
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Regulations are a poor substitute for ethics.
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#84060 - 05/31/03 12:16 AM Re: New Account Reg CC Hold Limits
Bear Collector, CRCM Offline
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Bear Collector, CRCM
Joined: Nov 2000
Posts: 1,830
District of Columbia
My favorite bank cartoon showed a robber in the drive-thru lane of a bank sending the hold-up note AND his gun to the teller in the pneumatic tube!
BC
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#84061 - 06/02/03 02:00 PM Re: New Account Reg CC Hold Limits
Kansayaku Offline
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Joined: Jan 2003
Posts: 1,454
metsuretsu
I like the Ziggy cartoon with the would-be-bank robber waiting in line reading a Bank Robbery for Dummies book.
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#84062 - 06/03/03 09:12 PM Re: New Account Reg CC Hold Limits
Anonymous
Unregistered

That's about as good as the robber my customer had who agreed to sign for the money he was robbing...

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#84063 - 06/03/03 10:47 PM Re: New Account Reg CC Hold Limits
Anonymous
Unregistered

Quote:

Mary - that reminds about the joke where the CEO thought "Fedicia" was the new gal in bookkeeping.





And I always wanted a little dog named Fasbee.

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#84064 - 06/03/03 11:18 PM Re: New Account Reg CC Hold Limits
Princess Romeo Offline

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Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
Don't forget to evacuate the building when the new Fire-ea alarm sounds....
_________________________
CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'

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#84065 - 06/04/03 12:57 PM Re: New Account Reg CC Hold Limits
Sinatra Fan Offline
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Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Quote:

Don't forget to evacuate the building when the new Fire-ea alarm sounds....



I thought firrea was what you got from putting hot sauce on your Mexican food.
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