Regulation CC – The Funds Availability Law, will be changing as of July 1st, 2020. The initial availability of $200.00 is rising to $225.00 and the large deposit amount is rising from $5,000.00 to $5,525.00.
This affects the signage posted in your lobbies and at teller stations, as well as the paper disclosure given at account opening. It also affects certain Notice of Hold documents.
Banker’s Group Purchasing is at your disposal to facilitate these updates by providing compliant up to date disclosure materials to you. Get ahead of the expected rush in June, by contacting us today. Please be advised that we can provide the printed disclosure in an expedited manner, however, it does take quite a bit more time to produce the plastic plaques and desk signs, as they have to be manufactured by a third party.