Holds and Funds Availability: Regulation CC

Date Recorded: January 29, 2025
Presenter: Natalie Straus, CRCM, Director, FORVIS, LLP 

Are you a delayed availability financial institution? Or maybe you’re a same-day or next-day availability institution? Either way, you’ll encounter suspicious deposits, returned checks, insufficient funds and other tricky situations. What can you do to protect your institution when accepting customer deposits? That’s were Regulation CC’s “holds” come in. When used correctly, your institution can delay the availability of funds until the 7th business day following the banking day of deposit! This potentially provides your institution with enough time to avoid losses associated with returned checks or insufficient funds.

In this webinar we will discuss the following:

• The new dollar amounts under the July 1, 2020 amendment
• Funds availability rules
• Case-by-case holds
• Cash withdrawal limitation policies
• Large deposit holds
• Redeposited check holds
• Repeated overdraft holds
• Reasonable cause to doubt collectability holds
• Emergency holds
• Disclosure requirements