The claim
Under Regulation CC (12 CFR § 229.10(c)(1)(vii)), a depositary bank must make the lesser of $275 or the aggregate amount a customer deposits by check on any one banking day (for checks not already covered by the next-day categories in § 229.10(c)(1)(i) through (vi)) available for withdrawal not later than the business day after the banking day on which the funds are deposited. Section 229.13 lists situations where that schedule does not apply, including new accounts (the first 30 calendar days, with a stated carve-out for customers who already had another account at the bank), the part of a day's check deposits above $6,725, redeposited checks, repeatedly overdrawn accounts, reasonable cause to believe a check is uncollectible, and emergency conditions. When a bank extends the time under the exceptions in § 229.13(b) through (e), § 229.13(g)(1) requires, subject to the alternatives in § 229.13(g)(2) and (g)(3), a written notice that includes the reason the exception was invoked and the time period within which the funds will be available for withdrawal.
The receipt
A depositary bank shall make funds deposited in an account by check available for withdrawal not later than the business day after the banking day on which the funds are deposited, in the case of— … (vii) The lesser of— (A) $275, or (B) The aggregate amount deposited on any one banking day to all accounts of the customer by check or checks not subject to next-day availability under paragraphs (c)(1) (i) through (vi) of this section.
The dollar amounts specified in §§ 229.10(c)(1)(vii), 229.12(d), 229.13(a), 229.13(b), 229.13(d), and 229.21(a) shall be adjusted effective on July 1, 2020, on July 1, 2025, and on July 1 of every fifth year after 2025, in accordance with the procedure set forth in paragraph (b) of this section using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), as published by the Bureau of Labor Statistics. … (iii) From July 1, 2020, through June 30, 2025, the amount is $225. (iv) Effective July 1, 2025, the amount is $275.
(1) A deposit in a new account— … (iii) Is not subject to the availability requirements of §§ 229.10(c)(1)(vi) and (vii) and 229.12. … (2) An account is considered a new account during the first 30 calendar days after the account is established. An account is not considered a new account if each customer on the account has had, within 30 calendar days before the account is established, another account at the depositary bank for at least 30 calendar days.
Sections 229.10(c) and 229.12 do not apply to the aggregate amount of deposits by one or more checks to the extent that the aggregate amount is in excess of $6,725 …
Subject to paragraphs (g)(2) and (g)(3) of this section, when a depositary bank extends the time when funds will be available for withdrawal based on the application of an exception contained in paragraphs (b) through (e) of this section, it must provide the depositor with a written notice. … (D) The reason the exception was invoked; and (E) The time period within which the funds will be available for withdrawal.
What the rule doesn't cover
The $275 is a next-business-day minimum, not the schedule for a whole deposit. Other check funds fall under other provisions: for a local check, § 229.12(b) says, except as provided in paragraphs (d), (e), and (f) of that section, that funds must be available "not later than the second business day following the banking day on which funds are deposited." The rule text still contains a fifth-business-day schedule for nonlocal checks (§ 229.12(c)), but the Federal Reserve Board's final rule in the Federal Register of January 5, 2010 says "there will no longer be any checks that are nonlocal," effective February 27, 2010.
Cash deposits, electronic payments and certain check types (such as Treasury checks and cashier's checks, under stated conditions) have their own provisions in § 229.10. The new-account quote above skips § 229.13(a)(1)(i) and (ii), which keep the next-business-day requirement for cash and electronic payments, and for the check types in § 229.10(c)(1)(i) through (v) up to $6,725 of deposits on any one banking day, with the excess due not later than the ninth business day. Paragraphs (g)(2) and (g)(3) of § 229.13 let a bank give a one-time notice for certain exceptions on nonconsumer accounts, or a separate notice for the repeated-overdrafts exception, in place of the (g)(1) notice. This page covers the $275 provision and the exceptions to it. Before opening a new account, a bank must give a potential customer its funds availability policy disclosure (§ 229.17), and that document describes what the bank applies.
What you can do
When a bank extends a hold under one of the exceptions in § 229.13(b) through (e), the written notice described in § 229.13(g) is the document to look for. Under (g)(1) it lists the reason the exception was invoked and the time period within which the funds will be available, which are also the two questions to put to the bank about a hold: which exception it applied, and until when.
Sources: 12 CFR § 229.10 · § 229.11 · § 229.12 · § 229.13 · § 229.17 (Regulation CC, on eCFR) · Federal Register, January 5, 2010
Sources last checked: October 8, 2026.
Everything here is consumer information — not financial or legal advice. It covers what a rule says and where to find it; the decisions stay yours.