Our IT department did an update last night. Our new account disclosures are now showing the first $200.00 as available and funds may be available on the ninth business day instead of the eleventh.

My question is: Will this be a problem with the regulators? Since it is to the customer's favor, I think that will be fine. What do you all think?

We have done this in the past with no problem from the regulators. And the customer gets the benefit.

You will have to notify your existing customers within 30 days of making the change - even if it is in their favor.

229.18(e) Changes in policy. A bank shall send a notice to holders of consumer accounts at least 30 days before implementing a change to the bank's availability policy regarding such accounts, except that a change that expedites the availability of funds may be disclosed not later than 30 days after implementation.

Thank you very much...we are getting notices ready now. I appreciate all the help from BOL and its members. Such a great resource!

Regulators wouldn't care that you jumped into this early. You are proactive to providing consumers with this "advantage."