Q: Can a large deposit hold be placed on a next day item (cashier’s check) for the amount over $5,525?
A: Yes, Reg CC allows this for cashier’s checks or treasury checks. Members commonly believe that they cannot place any exception hold on a cashier’s check but that is not the case. For large deposit holds specifically, as long as you’re making the first $5,525 available by the next business day, you’re allowed to hold the amounts in excess of that. https://www.ecfr.gov/current/title-12/chapter-II/subchapter-A/part-229#p-229.13(b)Please see our Reg CC Funds Availability Reference Guide for more information on exception holds: Reg CC Funds Availability Reference Guide | Compliance Alliance
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