Reg CC reasonable doubt holds

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Question:

When our tellers are unsure about a check drawn on another bank by an unfamiliar business, they usually try to verify the check by phone before accepting it for deposit. They are frequently told by the issuing bank that the bank doesn’t verify checks. Is it OK to place a “reasonable doubt” hold on these unverified checks”?

Answer:

No. The bank (or its teller) didn’t receive information on which to base “a well-grounded belief in the mind of a reasonable person” that the check is uncollectible. We will discuss this scenario in more detail during the “Holds for Tellers” webinar.
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Learn more about John Burnett’s webinar Holds for Tellers