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The US act that Reg CC is part of.
What is the Funds Availability Act?
Describe when you should place a New Account Exception Hold.
When there is a deposit to an account that was opened within the last 30 days.
Describe when you should use the Large Deposit Exception Hold.
When the total of deposited items is greater than $6,725.
Describe the standard rule of holds.
Hint: It's the saying at the very top of the Reg CC Quick Reference Guide
Hold as much as you can as long as you can.
True or False: For Exception with Reasonable Cause Holds, you can select "other" for the reason.
False!
Name three items holds can never be placed on.
What are ACHs, cash, or wires?
Describe how a New Account hold works on a non-next day item.
The entire deposit is held. Funds are to be made available on the 10th business day after the date of the deposit.
Describe how the Large Deposit Exception Hold works on all Next-Day items.
Select "Large Dollar" hold type. Only one hold will be placed. $6,725 available immediately. For all next-day items, the remainder of the deposit is available on the 7th business day after the day of the deposit. For on-us checks, the remainder of the deposit is available on the 2nd business day after the day of the deposit.
True or False: The outlined availability amounts on the Reg CC Quick Reference Guide are the maximum standards for Funds Availability per Reg CC.
False! They are the minimum standards.
Describe the hold length on Non Next-Day items for Exception with Reasonable Cause Holds.
The entire amount of the deposit will be held and will be available on the 7th business day.
Describe the Funds Availability Act.
Regulates the availability of funds deposited into checking accounts as well as the collection and return of checks.
Describe how a New Account hold works on next-day items.
The first $6,725 of the deposit must be available the Next Day. The amount over $6,725 is to be available on the 9th business day after the date of the deposit.
Describe how the Large Deposit Exception Hold is placed for all Non Next-Day items deposited.
Select "Large Dollar" hold type. Two separate holds will be placed. $275 available immediately. $6,450 available on 2nd business day after the day of deposit. The remained of deposit is available on 7th business day after day of deposit.
Name the three scenarios when you should place a Standard Exception Hold.
Repeated overdrafts, previous chargebacks, and/or emergency conditions.
Describe the hold length on Next-Day items for Exception with Reasonable Cause Holds. Same with On-Us checks.
For all next-day items, the entire amount of the deposit will be held and will be available on the 7th business day. For on-us checks, the total deposit is to be made available on the 2nd business day.
Describe where to find Centier's funds availability policy in the TISA.
Where is the “Your Deposit Account” section?
True or False: A New Account Hold is placed for any new account opened.
False; A New Account Hold should be placed when there is a deposit made to an account that was opened within the last 30 days (the New Account hold type will only be available to select in NuPoint Teller Capture when the account was opened within the last 30 days)
True or False: Holds are placed per total deposit, not per check.
True!
You should place a Standard Hold when a client has had repeated overdrafts. Describe what constitutes as repeated overdrafts.
When an account has been overdrawn for 6+ banking days in the previous 6 months, or an account has been overdrawn $6,725 or more for two or more banking days in the previous 6 months.
This type of hold may be placed on Non Next-Day items only.
Case-by-Case holds.
Name the five types of holds that are covered under Reg CC.
What are New Account Exception, Large Deposit Exception, Standard Exception, Exception with Reasonable Cause, and Case by Case holds?
A brand-new client is opening multiple accounts with a $1,000 check drawn on another financial institution. They want $250 deposited into the new checking account and $750 deposited into the new savings account. A 10-day New Account Hold needs to be placed. Describe the process of placing this hold.
1. In NuPoint Teller Capture, complete the transaction as normal
2. On the transaction ‘Submit’ screen, check Place RegCC Hold before clicking Submit to process the transaction.
3. The Reg CC Hold screen will automatically display.
4. From the drop down select the hold type. For this example, select ‘New Account’ and then the done arrow.
5. Account, Hold Amount, and Hold Days will prefill for you. Confirm this information is correct.
6. Click Prints Holds and retrieve from the printer.
Tell me what the date is on the most recent Reg CC Quick Reference Chart and Reg CC Procedures.
7.1.2025
Name the type of hold that offers the lease amount of protection to our client and the Bank.
Case-by-Case holds.
Describe how a Case-by-Case hold works.
The first $275 of the deposit is available the next day. The remaining amount is to be made available on the 2nd business day after the date of the deposit.