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#1375763 - 04/16/10 08:03 PM $100 availability
wavewatcher Offline
Diamond Poster
wavewatcher
Joined: May 2003
Posts: 2,053
Hawaii
So if our funds availability notice says the first $100 may be available immediately, then we do we need to say that again? For instance, if we receive a check for $5000 and use the case-by-case hold notice (Model C-16), can we just say $4900 is available on "x" day?

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Operations Compliance
#1376056 - 04/19/10 05:23 AM Re: $100 availability wavewatcher
wavewatcher Offline
Diamond Poster
wavewatcher
Joined: May 2003
Posts: 2,053
Hawaii
anyone know?

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#1376068 - 04/19/10 12:40 PM Re: $100 availability wavewatcher
doodles Offline
Gold Star
doodles
Joined: Jan 2004
Posts: 494
PA
When using the case by case hold notice we just indicate that $4900 will be available 2nd day. The hold is only placed on the system for 4900 thus the first $100 being available.Does that help?

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#1381696 - 04/26/10 08:52 PM Re: $100 availability doodles
derup Offline
100 Club
Joined: Apr 2004
Posts: 103
WISCONSIN
This is how we process the hold as well.

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