Q: For a cashier’s check, and holds, under Reg. CC, isn’t the bank required to make the first $5,525 available by the next business day?
A: Actually, Reg. CC allows the bank to combine the large deposit hold with a case-by-case hold. This would make the first $225 available next business day, $5,300 available the 2nd business day, and the remainder on or before the seventh business day.
If a depositary bank invokes an exception contained in paragraphs (b) through (e) of this section with respect to a check described in §229.10(c)(1) (i) through (v) or §229.10(c)(2), it shall make the funds available for withdrawal not later than a reasonable period after the day the funds would have been required to be made available had the check been subject to 229.12.
- 229.13(h)(2): https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=fde8e285b24dc87116357b82d9888996&mc=true&n=pt12.3.229&r=PART&ty=HTML#se12.3.229_113
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