Skip to content

When the new account hold rules apply

Answered by:

Question:

Does the new account hold limit apply only to the account-opening deposit, or to any deposit to a new account?

Answer:

It applies to any deposit made while the account is in “new” status, which ends 30 calendar days after the account is established.

--------------------------

Learn more about John Burnett’s

Regulation CC: Funds Availability (Deposits and Holds) webinar.

Print

First published on 02/28/2021

Filed under:

Filed under operations as:

Compliance/Compliance Management

Report a problem with this page