Does Reg CC apply to a foreign check payable in US dollars?

We have a customer wanting to deposit a large Canadian check and we are trying to figure out our options.

Thanks!

If the check is drawn on a U.S. branch of the Canadian bank, Reg CC applies.

If it's drawn on a Canadian office of that bank, no.

Put another way, Reg CC will apply if the check bears a U.S. routing and transit number.

Thank you John! That is what I thought, but wanted to make sure I was thinking correctly.

I appreciate your help!

Also, be aware that Canadian laws are not the same as in the US - or they used to not be. We used to have Canadian checks come back returned for a long time after the midnight deadline. We got to the point, that if we had any doubt about the depositor or unless they typically did business in Canada, we would send them all for collection..

Well, it is an existing customer and she has deposited these same checks in the past. The only difference is this one is over $200,000.00 and they have never been this large before. So, we are currently trying to decide what course of action we want to take.

I appreciate all of the input though!

Thanks

I'd suggest sending it for collection. For that kind of money, you don't want to be wrong.

I totally agree John.