Answer:
By exception notice I assume you mean an exception hold. I cannot fathom what you mean by "unusual customer activity." Just because it's unusual for a customer to deposit a particular type or size of check doesn't necessarily provide justification for an exception hold.
Assuming we aren't discussing a new account, and your customer is repeatedly overdrawn, you may be able to impose an exception hold on the entire deposit, making the funds available by the seventh business day after the date of deposit, or if the deposit of checks exceeds $5,000, you can hold the excess over the first $5,000 to the seventh business day. If the check was previously returned for NSF, overdraft or uncollected/unavailable funds, you could hold the check amount until the seventh business day. Finally, if you have information concerning the check that gives you a reasonable belief that it won't be paid, you can place a hold, stating the reason for your belief, under the "reasonable doubt" provision of Regulation CC Section 229.13(e); otherwise, don't accept the deposit.
First published on BankersOnline.com 9/27/10
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