About this document
Reg CC: Funds Availability Explained by Jeff Wayne is a document available to read on EtoBox.
1) Regulation CC sets maximum hold periods for deposited funds, known as the 1-2-5 availability schedule. It applies to both corporate and retail accounts. 2) There is often confusion around how to treat payable-through drafts and deposits made at ATMs. Payable-through drafts must use the fraction in the check, not the routing number, to determine local vs. non-local status. ATM deposits are subject to longer hold periods than staffed teller deposits. 3) The document provides an overview of Regulation CC
- Author
- Jeff Wayne
- Language
- EN