Best Practice for Reg CC Notice of Hold

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Question:

Regarding Reg CC Holds, is it a better practice to have the notice of hold spell out the actual date that funds will be made available vs a statement like funds will be made available after 7 days?

Answer:

There really is no best practice as either is acceptable under the regulation. From the commentary:

The requirement that the case-by-case hold notice state the day that funds will be made available for withdrawal may be met by stating the date or the number of business days after deposit that the funds will be made available.