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Reg CC Hold instate govt ck dep in person to payee account

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  • March 15, 2022 at 11:23 am EDT #36474
    TheBank
    Participant

    If a local government check is deposited in person, and the local government is in the same stated as our bank, and the check is deposited into the payee’s account, is that check subject to next day availability? Is it permissible to place a case by cased hold giving the check second business day availability?

    March 15, 2022 at 1:48 pm EDT #36478
    kmeade
    Participant

    Following!

    March 17, 2022 at 11:33 am EDT #36495
    Brent V
    Keymaster

    I reached out to Deb Crawford, a very experienced Reg CC expert, and she responded with the following:

    “You cannot place a case by case, but you may place an exception hold.”

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