How long can a bank hold a check before depositing the funds into a customers account?
Regulation CC governs the availability of funds deposited in checking accounts and the collection and return of checks. Depending on the type of check, the amount of the check and whether the check is local or nonlocal, a bank can have from one to five days to make funds available to a customer. There are also other factors that can affect availability of funds. For the details of this regulation, go to www.federalreserve.gov/Regulations/RegRef.htm#cc.
