Check Negotiation
A check written for a future date.
What is a Post Dated check?
Check holds fall under this regulation.
What is Reg CC?
This is the number of how many different types of reasons a check can be placed on a hold
What is 6?
Reg CC is known as this Act
What is the Expedited Funds Availability Act?
Once a cashier check is made a teller must do this
What is logging a Cashier's Check?
Checks written past 6 months
What is a Stale Dated check?
Hold notices are placed here at during the day
What is the black bin on the teller line?
This person must sign off on ALL holds placed
Who is the Senior Teller/Branch Manager?
This is the year that Reg CC was established
What is 1987?
The Loan Department needs a check cut, you must inform this person
Who is Branch Manager/Lead Teller?
Number of points/items to look for on a check
What is 9?
Check hold copies are retained in the branch binder for this many days
What is 90 days?
This is the amount that must be released the NEXT business day on Cashier Checks, US Money Orders, and Government Checks
What is $5,000.00?
You must provide this when a check is placed on hold
What is a Hold Notice?
To log a Cashier's Check you go here
Where is Operations > Links> Branch Operations> Cashiers Check Working Log?
What is D.O.B., Phone #, DL#, DL State, DL Expiration Date?
Check holds are scanned into the Branch Manager for the prior month on this day
What is the 1st?
New accounts release the hold on this business day
What is the 9th?
These items have $5,000 next day availability
What is a State or Local Government Check, USPS Money Order, US Treasury Check, Cashier's Check, or On-Us Check?
A Teller and Asst. Manager or above can sign off on a cashier's check between $25,000-$249,999, the next tier requires these people to sign off
Who is TWO AVP's or above?
BONUS: What is the dollar amount of this tier?
You must verify 5 items before cashing an On-Us check.
What is account is open, funds are available, no stops/holds are placed on check, check is in sequence, and signature matches?
These are the 6 reasons you can place a check on hold
What is CASE BY CASE, REPEATED OVERDRAFT, REDEPOSITED ITEM, REASONABLE CAUSE, LARGE DEPOSITS, & NEW ACCOUNTS?
This is the exception to NOT placing a hold on a NEW ACCOUNT
What is an active account opened greater than 30 days?
This is the breakdown of a hold release on a $7,500 transit check
What is $200 available NEXT Day, $4,800 available 2ND Business Day, and $2,500 available 7TH Business Day?
A SVP & EVP must sign off on this dollar amount tier
What is $750,000 and UP?