Regulation CC Banking 10 Day Hold on Check Federal Regulation
Why does your bank put a 10 day hold on your check deposit over $5,000?
Federal Regulation CC
This regulation seems to deal with two specific things regarding holding deposits.
- Making funds available for withdrawal within the times prescribed by the regulation
- Providing funds availability disclosures and notices to customers
As far as I can tell, an individual bank will have their own policies when it comes to holding checks.
For more information about Reg CC visit this page on Federal Reserve website: the https://www.federalreserve.gov/pubs/regcc/regcc.htm