Our bank will be celebrating Juneteenth, Friday June 19th as a holiday. How should the information (signage) be posted at the ATM for deposits made after 12:00pm will not post until Monday, June 22nd. Is there a regulatory requirement to post this information at the ATM or would a notice posted at the door be considered in compliance?
This pertains to a Reg CC Hold. I have a check for $25,475.00 drawn on a closed retirement account issued from the retirement bank to the customer. For a large deposit exception would I make $200 available next day, $4,800 available the 2nd business day and the remaining $20,475 available on the 7th business day after the deposit, correct?
Is this considered one large deposit exception hold or two separate holds, the first being a case-by-case and the second being the large deposit, or should I make the first $5,000 available the next day and the remainder available on the 7th business day?
Can an IRA customer contribute if he or she is 75 and earning income?
When is the 2020 FFIEC BSA Exam manual effective?
Do we have to change our Savings Deposits?
On a joint account, Bob or Betty, if Bob makes a deposit and Betty makes a deposit, do we really have to do four part Is
Is a US TIN enough for a NRA on an interest bearing account?
My bank’s account disclosures indicate it has a general next-day availability policy, but also says that we can place exception holds. Does that mean we can also place case-by-case holds?
Can my customer waive and RMD for an IRA?
What’s the combination of large deposit and case-by-case holds we can use to delay availability as long as possible of as much of a mixed-check deposit that includes next-day checks and other checks as possible? We want to delay the customer’s use of as much of the deposit as possible for as long as possible, within the “safe harbor” holds limits. The deposit is made in person to a bank employee to an account held by a payee of all the checks.