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Place Hold on Entire Deposit Amount?

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Question: 
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?
Answer: 

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 BankersOnline.com 4/16/12

First published on 04/16/2012

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