IMPORTANT UPDATE EFFECTIVE JULY 1, 2025

The Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board jointly adjusted threshold amounts for inflation relating to the availability of accountholder funds. These Regulation CC changes include the minimum amount of funds deposited that financial institutions must make available for withdrawal by the beginning of the next business day for certain check deposits, as well as the amount of funds deposited by certain checks in new accounts that are subject to next-day availability.

What is Reg CC and Why Does it Matter?
Reg CC aims to speed up the check-clearing process and ensure customers have timely access to their deposited funds. It sets specific timeframes for when funds must be made available, depending on the type of deposit (cash, checks, electronic transfers) and the location of the paying bank.

Funds Availability Policy – Change In Terms

Effective July 1, 2025, Your Ability to Withdraw Funds Policy will change to increase the amount available from checks that are placed on hold.

Key Changes to Funds Availability 

• The first $275 (previously $225) of a check deposit will generally be available no later than the first business day after the day of deposit. 

• The threshold for large check deposits subject to extended holds has increased to $6,725 (previously $5,525). 

• For new accounts, the amount of deposits available within the first business day has increased to $6,725 (previously $5,525). 

Why did this change?
Due to the Expedited Funds Availability Act for inflation approved in 2020, the policies and regulations set forth by the Federal Reserve and the CFPB will be adjusted every 5 years.