Do you or your retail staff often have questions regarding funds availability requirements? Can we place a hold on a cashier’s check? How many days can we hold checks on new accounts? What is a “new account”? Do these rules apply to business accounts or items deposited into savings accounts? When do we have to inform a customer that we are placing a hold on their deposit? How and when are we required to notify our customers of the institution’s funds availability policy?

We Will Cover:

• Required disclosures under Regulation CC
• Applicability of Regulation CC
• “Business” versus “banking” days
• Case-by-case holds
• Exception Holds
• Common errors on hold notices

Airdate: March 14, 2019
(Courses are current as of the date aired)