I love how this guide is laid out. I just have 2 questions.

For Exception holds - for on us checks it says cannot delay. Should that be 2 business days?
For New Account holds - for on us checks it says next business day. Is that true or should it be that there is no set hold period under Reg CC?

Thanks.

Technically, you are correct. However, there is no reason to place a hold against an on-us check (beyond next business day) since you know whether it will be paid or not.

Thanks John. If I don't tell management exactly what Reg CC says, they will slam me. I get a lot of grief around here