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New Reg CC Update - Large Check Deposit

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Question: 
I have a question on the new Reg CC update, specifically, on the large check deposit. I have a customer depositing a out of town check made to himself in the amount of $106,000. How do I handle this? Example: 2-12-2020: Place a Large Deposit Exception hold on the check making $200 available 2-13-2020, $4,800 available 2-14-2020 & $101,000 available 2-24-2020. So would the new amounts be $225 available 2-13-2020 and $5,300 (to make a total available $5,525) available 2-24-2020 and the rest available 2-24-2020?
Answer: 

Yes, except you have a typo in your dates. The $5,300 would need to be made available on 2-14-2020, not 2-24. The remainder available on 2-24-2020.

First published on 08/02/2020

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