02/08/2010
Can a new account exception hold be used on just certain new accounts or must it apply to all new accounts?
07/26/2009
Are wired funds given same day credit and are we required to allow official checks to be purchased against the funds wired in even though they are not yet posted to the customer's account?
07/20/2009
We are looking into placing a hold on a check that is part of a deposit made up of multiple checks. The check we want to hold is non-local for $46,000, and the total deposit is for $112,000. Can we hold the total $46,000 under the large deposit exception hold with the $66,000 left in the deposit satisfying the first $5,000 stipulation, or do we need to give the first $100 of the check available next day, $4900 after 5, and then apply the extended hold to the 41,000?
07/20/2009
Our bank has a case-by-case hold policy on availability of some checks presented. I know the notice given to the customer must contain the account number, the date and amount of the deposit, and the day the funds will be available. Does this notice also cover the "Reasonable Cause Hold" and the Exception Hold" or do we have to give the customer a different hold notice that also includes the reason the exception was invoked.
04/27/2009
What are the signage requirements for night deposit drops for state-chartered banks? Do we need to put up the FDIC sign and funds availability notice? What about the time the deposits will be processed?
04/27/2009
What are the most effective ways to monitor the risk of my supply chain?
04/20/2009
Since it is not subject to Reg CC, can a hold be placed on a cashier's check deposited into a savings account or does next day availability rule still apply?
03/23/2009
One of our customers would like to know why he can't get immediate credit for a foreign check. He wants the exact wording of this with the words foreign check included. Where can I find this?
01/26/2009
What are the signage requirements for night deposit drops? Do we need to put up the FDIC sign? What about a funds availability notice?
01/12/2009
Would our statements be considered advertisements if we put in a brief mention about new CD specials?