09/16/2018
Please advise on the following scenario:
Customer deposits a $4000 cashier's check with a $5000 personal check (total deposit $9000). This is not a new account and we have no reason according to
Reg CC so be able to hold the cahier's check. The teller wishes to place a case by case hold on the remaining $5000 of the deposit. Per Reg CC would
she only be able to place a hold for $4800, or could she hold the whole $5000 for two days because she has already released the $4000 due to the cashier's
check?
03/18/2013
Have there been any updates or amendments to Reg CC in 2012?
05/24/2010
Can holds be placed on new HSA accounts? A customer opened a new HSA account with $25, and the branch placed a ninety day hold on the amount. The hold has to do with a penalty for closing the account. Is this hold applicable?
06/01/2005
Question: Can we use the same form when we put a hold on a savings account deposit that we use on our checking accounts?
09/02/2003
Our bank does case-by-case holds. Reg CC clearly states that cash must be available on the second business day following the day of the deposit if not deposited in person to a bank employee. Why isn't cash treated the same as a US Treasury check when not deposited in person (still next day)? I can't think of a reason ever to place a hold on cash even if it isn't deposited in person. If for some reason we did place second-day availability on cash deposited to an ATM, would we need to make the first $100 available on the next day?
01/01/2000
Ever wonder how it is we got all those neat acronyms for banking laws, regulations and forms? You know, the ones like BPA, CRA, BSA, CTR, and SAR.
03/01/1997
Question: We have a draft, drawn through a New York bank on a customer's account in a bank in Puerto Rico.
02/01/1994
The subject was the increase in the amount of money laundering going on, in spite of all the reporting from the financial industry during the past few years.
08/01/1991
Question: The list of "next-day availability" items in the Vol. II, No. 6 article on EFAA says checks of less than $100 are given this treatment.
06/01/1991
Question: I know that there have been numerous articles about Reg CC in BANKERS' HOTLINE over the past year and that there have been many changes going into effect as well.