Hold Types
How long is a Case-by-Case Hold?
Two (2) Business Days
A $15,000 Cashier's Check is deposited into a New Account/Customer. What hold should be placed, what amount(s) should be held, and for how long?
New Account Hold. $6,725 should be available immediately and the remaining $8,275 will be available after 7 business days.
What is Regulation CC?
Regulation CC deals mainly with the availability of funds and the collection of checks and sets limits on the amount of time a financial institution can place holds on deposited checks.
Are Money Market accounts subject to Reg CC?
No. Savings accounts, CDs and Money Markets are not regulated by Reg CC.
How much of a Case-by-Case hold is made available immediately?
$275
A $5,500 check is deposited into an established customer's account. Everything else on the check seems reasonable, the customer makes frequent deposits and is never overdrawn. What hold would be placed, what amount is held, and for how long?
Case-by-Case Hold: $275 should be made available immediately, $5,225 would be available after 2 business days.
Where are hold forms / check copies sent after placing a hold?
Reg CC Distribution Group
Where can you place a hold?
1) Through a transaction in TellerInsight
2) IBS Insight - Holds
How much of a Large Deposit Exception hold will be available on the 2nd business day?
$6,450
A regular customer wants to deposit an $8,000 check but mentions they don't know why they received it in the mail and don't know who it is from. They tell you that they think it could be a scam but would like to deposit the item. Based on the information you have been given what should you do?
Refuse the check / Contact Fraud/Security - The information suggests it is fraudulent and could be returned even after the hold is placed.
When do the new Reg CC threshold amounts go into effect?
July 1, 2025
When should a supervisor be reviewing hold forms?
Same day as transaction
How long are funds held for an Exception Hold?
Seven (7) business days
An existing customer deposits an $8,000 Treasury Check. How would these funds be held?
$6,725 available immediately. Remaining funds available after 7 business days.
What is required on the hold form?
Stamp, supervisor and UB initials
Where can a blank hold form be found?
FirstNet - Forms
How long is the New Account Hold and how much is available immediately for a non-next day item?
7 business days and nothing is made available
A regular, long-time customer is depositing an Official Check for $6,200. No history of overdrafts or concerns of collectability. When will the funds be available?
Immediately
How is a Repeat Overdraft Customer defined?
Overdrawn 6 business days in last 6 months OR
Overdrawn 2 business days in 6 months if the overdraft or reject amount is over $6,725
Give two examples of Next Day Items.
Cash Government Check
Cashier's/Official Checks Electronic Payment
USPS Money Order FHLB/FRB
On-Us Check Certified Checks
US Treasury Checks
What reasons can funds be held for?
Large Deposit New Account
Emergency Conditions Repeat Overdraft
Redeposited Check
Case-by-Case
DAILY DOUBLE!!!
Existing customer is depositing five (5) non-next day checks into his 10-year-old account:
Check 1: $1,500 Check 2: $3,000
Check 3: $4,500 Check 4: $1,000
Check 5: $500
What checks have to be held and when will this deposit be available?
Check holds must be aggregated by type.
$275 available immediately. $6,450 available after 2 business days. Remaining amount of $3,775 available after 7 business days.
What should be checked to determine if a customer is a Repeat Overdraft Customer?
Rolling 12-month information screen for past 6 months.
When must a Hold Notice be mailed?
The next business day following the day of deposit.