I deposited a local check. When will my funds be available/released from the hold?

The distinction between local and non-local checks went away with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Another change is the amount of the deposit that is generally made available. The first $200 is generally made available at the time of deposit, no longer the first $100.

All checks generally should have second business day availability. The bank does have the right to extend the hold if:

  • There is reasonable cause to believe the funds are uncollectible
  • The check has been redeposited
  • The deposit is greater than $5,000
  • Your account is new or repeatedly overdrawn, or
  • Emergency conditions, such as an interruption of communications or computer or other equipment facilities, apply

Generally, a bank must make the first $200 from the deposit available – for either cash withdrawal or check writing purposes - at the start of the next business day after the banking day that the deposit is made.

For details, take a look at the account agreement you received when you opened the account—it explains the availability process.

July 2017