08/25/2014
Deposit Question related to Reg CC Hold: It was brought to my attention that if a customer makes a deposit and changes their mind we can reverse the deposit and return them check to them. Is this true?
08/25/2014
A person opens a business account. This same person, has other transaction accounts at the institution, including business accounts, over 30 days old. Is the new business account subject to the Reg CC new account holds?
06/23/2014
Are cell phone/mobile deposit are covered under Regulation CC?
06/23/2014
When is Reg CC going to change? I went to a seminar and the instructor stated June 1st. I have not heard anything else about this.
06/02/2014
I would like any opinions or guidance from you regarding Reg. CC applicability to large, loose coin deposits.
If a customer brings in multiple bags of coin, when are the funds considered deposited, and based on that, when must the funds be made available to the customer?
From Reg. CC ( 229.2(h), 19(a)) it seems apparent that we need to provide availability by the next business day. However, bank branches do not maintain commercial coin counters to get this done. And we can't refuse legal U.S. tender, right?
I imagine that banks are saying that the deposit has not actually occurred until the coin is counted (usually by a bank vendor/service), but I need to know the rationale behind that opinion.
05/19/2014
When can a hold be placed on a cashier's check?
04/21/2014
Does the funds availability notice have to be on ATM deposit envelopes?
03/31/2014
Can we put a hold on a cashiers check? Can we hold it for reason to doubt collectibility? If so do we have to allow $5000 to be available next day? What if it is under $5000?
03/24/2014
Using Reg CC would a check being deposited with a missing endorsement, is a Re-deposited Item Hold sufficient?
01/27/2014
We received notification from our customer of an unauthorized draft. This is a very large dollar item. There was a 3 week delay between the item posting to the customers account and the notification to our bank. The item states Signature on File. The item was obviously not returned within the 24 hour deadline. The item does not contain an endorsement. What options do we have in returning the item?