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Reg CC Placing Hold on Cashiers Check over $5000

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Question: 
Can a financial institution place a hold on a Cashiers Check exceeding $5000 as long as the first 5k is made available?
Answer: 

Yes. Cashier's checks and other "next day" checks can be held under the "large deposit" provision of Regulation CC's 229.13(b).

First published on BankersOnline.com 6/11/12

First published on 06/11/2012

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