Deposit Highlight Permit For Free

Yes. Regulation CC provides six exceptions that allow banks to extend deposit hold periods. The exceptions are considered safeguards against risk.

Reg CC now assigns the liability of duplicate presentment to the financial institution accepting the remote capture, unless the depositor endorses the back of the check with something like, ?For Remote Deposit With My Financial Institution?.

If deposited by check, the bank generally must make the first $5,525 available consistent with the bank's normal availability schedule. The bank may place a hold on the amount deposited over $5,525. For check deposits over $5,525, banking laws and regulations allow for exceptions to the rules on availability of funds.

When a check is returned as unpaid, the bank may extend the time needed to make the funds available after the check is re-deposited. This is known as an exception hold. This extra time allows the bank to reduce the risk associated with this transaction.

The 2019 final rule has made the first inflation adjustment in Regulation CC effective on July 1, 2020. In summary, the July 1 2020 inflation adjustments are going to change four main ?thresholds? found in Regulation CC: $200 is changing to $225 (Note: the $200 amount is still referred to $100 in Reg CC).

Regulation CC implements the Expedited Funds Availability Act of 1987, which sets forth requirements that banks make deposited funds available according to specified time schedules.

Regulation CC applies to all credit unions, but it only applies to transaction accounts. Non- transaction accounts, such as most credit union regular share accounts or membership accounts, are not governed by Reg CC. So Regulation CC does not apply to savings accounts; only to checking or share draft accounts.