Thread Starter: Pup
Title: Re: Extended Hold
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Reg CC deals with funds availability from deposited items. As Edie T pointed out, Reg CC does not apply to Savings Accounts (or Time Deposit accounts), but check your disclosures.
We place holds on accounts for "Collateral", but that is in a signed agreement.
Honestly, it sounds like you are protecting your customer from himself. Why not simply set up a sweep to cover overdrafts from the Savings account? Also, I might push for a signed request from the customer for the hold.
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