Expedited Funds Availability Act (Reg CC)

Course Number: ABA

Course Code: ABA

Explains when funds from deposits must be available for withdrawal and when holds on deposits can be extended, and the timing and content for providing key disclosures. Reviews the terminology used in Reg CC along with the disclosure requirements and endorsement standards, and covers Check 21, including a description of substitute checks.

Updated: September 2018

What You’ll Learn
After completing this course, students will be able to:

-Differentiate between next day, 2nd day, and extended hold availability schedules
-Explain and share the primary benefits of Check 21
-Describe general disclosure information required for all financial institutions
-Describe the key rules for returning checks

Audience: Tellers, new account representatives, branch managers, and any staff members who work with checks and new accounts. (NOTE: Reg CC training is mandatory for all affected bank personnel.)

Prerequisites: None

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