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Place Hold on Entire Deposit Amount?

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Foreign check deposited to account on 02-13-12 with no endorsement. Deposit made by third party. Now, customer requests wire transfer on 02-14-12. Can we place exception hold for missing endorsement or uncollected funds? We know we can place case by case. Can we place hold on entire deposit amount?

Foreign checks (those not drawn on a U.S. bank) aren't covered by the Expedited Funds Availability Act or Regulation CC, so you can place a hold for whatever period you deem needed.

First published on 4/16/12

First published on 04/16/2012

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