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Regulation CC requires us to include “a notice that deposits may not be available for immediate withdrawal” on our preprinted deposit slips. Do we need to include this language on our counter deposit slips? – IBA Compliance Connection

IBA Compliance Connection

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Regulation CC requires us to include “a notice that deposits may not be available for immediate withdrawal” on our preprinted deposit slips. Do we need to include this language on our counter deposit slips?

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No, you are not required to include the Regulation CC notice on your counter deposit slips. The Official Interpretations for Regulation CC clarify that “a bank need not include the notice on deposit slips that are not preprinted and supplied to the customer — such as counter deposit slips . . . .” 

For resources related to our guidance, please see:

  • Official Interpretations, 12 CFR 229, Paragraph 18(a), Comment 1 (“This paragraph requires banks to include a notice on all preprinted deposit slips. . . . The notice is required only on preprinted deposit slips — those printed with the customer’s account number and name and furnished by the bank in response to a customer’s order to the bank. A bank need not include the notice on deposit slips that are not preprinted and supplied to the customer — such as counter deposit slips — or on those special deposit slips provided to the customer under §229.10(c).”)