Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-migrate-db domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /srv/app/gotoiba-dev/htdocs/web/wp-includes/functions.php on line 6121
Is there any law or regulation that requires cash deposits to be made immediately available? – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

Is there any law or regulation that requires cash deposits to be made immediately available?

—

by

No, we are not aware of any law or regulation that requires immediate availability for cash deposits. Regulation CC does not require immediate or even same day availability for cash deposits. At most, it requires next-day availability for cash deposits, electronic payments, and certain check deposits.  

For resources related to our guidance, please see:

  • Regulation CC, 12 CFR 229.10 (Section of Regulation CC that governs next-day availability.)