On June 24, 2019, the Federal Reserve Board and the Consumer Financial Protection Bureau jointly issued a final rule amending Regulation CC and the check hold amounts to be made available to members. The following check hold amounts are effective July 1, 2020:

  • New accounts, large deposits and repeated overdrafts increase from $5,000 to $5,525
  • Deposits of non next-day checks to be available by the next business day increase from $200 to $225
  • The amount a credit union must make available when using the permissive adjustment to the funds-availability rules for withdrawals by cash or other means from $400 to $450

In addition to the check hold amount changes, civil liability will increase from $1,000 to $1,100 and $500,000 to $552,500.



John Zasada, JD, CAMS – Regulatory Consulting Director, Financial Institutions Group. John can be reached at zasada@doeren.com.