Reg CC Definitions
Any day excluding Saturdays, Sundays and legal holidays (standard Federal Reservice holiday schedule)
What is a Business Day.
For a large deposit, the amount that generally must be made available by the 2nd business day.
What is $5,525?
Checks cannot be held longer than the regulation states.
What is True?
Exception holds cannot be applied to which types of deposits?
What is cash and electronic payment?
Reg CC New Account has been open less than?
What is 30 days?
What is the official name for Reg CC?
What is Expedited Funds Availability Act?
Reg CC applies to Savings accounts also.
What is False?
An account used primarily for personal, family, or household purposes.
What is a Consumer Account?
Canadian Checks can only have a 3 day hold placed on them.
What is false?