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Paying Timely Provisional Credit

Answered by: 

Question: 
For signature card transactions, is the Bank required to give provisional credit by the 5th business day?
Answer: 

Reg E requires provisional credit by the 10th business day. Visa rules, which you may be subject to, require provisional credit at 5 business days. That is a separate contractual requirement some banks have, but it is not Reg E

First published on 09/05/2021

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