However, if you make a deposit after ( time of day) or on a day we are not open, we will consider that the deposit was made on the next business day we are open.Ĭ–2-Next-day availability and § 229.13 exceptions If you make a deposit before ( time of day) on a business day that we are open, we will consider that day to be the day of your deposit.

Once the funds are available, you can withdraw them in cash and we will use them to pay checks that you have written.įor determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. Electronic direct deposits will be available on the day we receive the deposit. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Although use of these models is not required, banks using them properly (with the exception of models C–22 through C–25) to make disclosures required by Regulation CC are deemed to be in compliance.Ĭ–2 Next-day availability and § 229.13 exceptionsĬ–3 Next-day availability, case-by-case holds to statutory limits, and § 229.13 exceptionsĬ–4 Holds to statutory limits on all deposits (includes chart)Ĭ–5 Holds to statutory limits on all depositsĬ–8 Appendix B availability (nonlocal checks)Ĭ–9 Automated teller machine deposits (extended hold)Ĭ–11 Credit union interest payment policyĬ–11A Availability of Funds Deposited at Other LocationsĬ–14 One-time notice for large deposit and redeposited check exception holdsĬ–15 One-time notice for repeated overdraft exception holdsĬ–17 Notice at locations where employees accept consumer depositsĬ–18 Notice at locations where employees accept consumer deposits (case-by-case holds)Ĭ–20 Notice at automated teller machines (delayed receipt)Ĭ–22 Expedited Recredit Claim, Valid Claim Refund NoticeĬ–23 Expedited Recredit Claim, Provisional Refund NoticeĬ–24 Expedited Recredit Claim, Denial NoticeĬ–25 Expedited Recredit Claim, Reversal Notice

This appendix contains model availability policy and substitute check policy disclosures, clauses, and notices to facilitate compliance with the disclosure and notice requirements of Regulation CC ( 12 CFR part 229). For example, 21 identifies a thrift in the First District, and 32 denotes a thrift in the Twelfth District.Īppendix C to Part 229 - Model Availability Policy Disclosures, Clauses, and Notices Model Substitute Check Policy Disclosure and Notices Adding 2 to the first digit denotes a thrift institution. For example, 01 identifies the First Federal Reserve District (Boston), and 12 identifies the Twelfth District (San Francisco). or other law.ġ The first two digits identify the bank's Federal Reserve District. This section does not affect a paying bank's liability to its customer under the U.C.C. Subject to a bank's duty to exercise ordinary care or act in good faith in choosing the means of return or notice of nonpayment, the bank is not liable for the insolvency, neglect, misconduct, mistake, or default of another bank or person, or for loss or destruction of a check or notice of nonpayment in transit or in the possession of others. A bank that fails to act in good faith under this subpart may be liable for other damages, if any, suffered by the party as a proximate consequence. The measure of damages for failure to exercise ordinary care is the amount of the loss incurred, up to the amount of the check, reduced by the amount of the loss that party would have incurred even if the bank had exercised ordinary care. A bank that fails to exercise ordinary care or act in good faith under this subpart may be liable to the depositary bank, the depositary bank's customer, the owner of a check, or another party to the check. A bank shall exercise ordinary care and act in good faith in complying with the requirements of this subpart. (a ) Standard of care liability measure of damages. Official Board Interpretations Preemption Determinations Model Availability Policy Disclosures, Clauses, and Notices Model Substitute Check Policy Disclosure and Notices Routing Number Guide to Next-Day Availability Checks and Local Checks General provisions governing substitute checks. Returning bank's responsibility for return of checks.ĭepositary bank's responsibility for returned checks and notices of nonpayment. Paying bank's responsibility for return of checks and notices of nonpayment. Availability of Funds and Collection of Checks (Regulation CC)Īvailability of Funds and Disclosure of Funds Availability PoliciesĮlectronic checks and electronic information.

Cc check cashing