Compliance Q&A: Deposit Hold Considerations

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. see our Reg CC Funds Availability Reference Guide for more information on exception holds: Reg CC Funds Availability Reference Guide | Compliance Alliance

Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email and ask for our Membership Team.

Sign Up for a demo: