Skip to content
BOL Conferences

Thread Options
#2145328 - 09/08/17 03:31 PM Funds Availability Notice
moola741 Offline
Member
Joined: Dec 2003
Posts: 86
If we have our Funds Availability posted in our lobby is that OK or do they also need to be at each station. I haven't found a lot of info regarding if they are required at the teller line.

Thank you!!

Return to Top
Operations Compliance
#2145340 - 09/08/17 03:49 PM Re: Funds Availability Notice moola741
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,659
Galveston, TX
B. 229.18(b) Locations Where Employees Accept Consumer Deposits

1. This paragraph describes the statutory requirement that a bank post in each location where its employees accept consumer deposits a notice of its availability policy pertaining to consumer accounts. The notice that is required must specifically state the availability periods for the various deposits that may be made to consumer accounts. The notice need not be posted at each teller window, but the notice must be posted in a place where consumers seeking to make deposits are likely to see it before making their deposits. For example, the notice might be posted at the point where the line forms for teller service in the lobby. The notice is not required at any drive-through teller windows nor is it required at night depository locations, or at locations where consumer deposits are not accepted. A bank that acts as a contractual branch at a particular location must include the availability policy that applies to its own customers but need not include the policy that applies to the customers of the bank for which it is acting as a contractual branch.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2145470 - 09/09/17 08:17 AM Re: Funds Availability Notice moola741
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Only forms vendors suggest it be posted at each teller station...
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top

Moderator:  Andy_Z, John Burnett