Answer:
Although your bank's Funds Availability Policy disclosures given at account opening may include wording to indicate that you may place a case-by-case or exception hold, when you do place a hold that will delay customer availability past your normal availability (which could be same-day, next-day or $225 next-day and 2d day for balance of deposit), you need to provide a customer notice. In other words, at account opening, you explain what your normal availability policy (applicable to most deposited checks) is, and if you delay availability on a deposit longer than your "normal" time period, you have to provide a written notice to the depositor (the "depositor" is the individual making the deposit, if made in person, and the account holder otherwise).
In your hypothetical, you would place a large-deposit exception hold on the excess over $5,525, delaying availability of $475 to the seventh business day following the banking day of deposit. That requires a written notice to the depositor at the time the deposit is made in person (which won't be possible for an ATM transaction), or placed in the mail or delivered as soon as practicable, but no later than the first business day following the day the facts (supporting the decision to place the hold) become known to the depositary bank, or the deposit is made, whichever is later.
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