Skip to content

New Reg CC-How Long Hold New Account Checks?

Under the new Reg CC rules, how long can we hold New Account checks?

Answer by Randy Carey: There were no recent changes to the new account hold periods.


Answer by John Burnett: The Federal Reserve proposed significant changes to Regulation CC last year. Many of the proposed changes were simply to update the regulation to eliminate references to non local checks. But one of the other proposals would cut the exception hold back to make funds available on the fourth business day, rather than the seventh. However, the Fed has not yet delivered a final rule. So there have been, as Randy pointed out, no recent changes to the hold periods. And by the way, the proposal would not have changed the new account hold rules.

First published on 8/13/12

First published on 08/13/2012

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics