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Reg CC Funds Availability Law

United States

1987

Payments

Overview

Regulation CC, issued under the Expedited Funds Availability Act (EFAA) of 1987, governs the timing and disclosure of funds availability for deposits in the United States. Enforced by the Federal Reserve Board, it standardizes the hold periods that banks and credit unions can place on deposits and mandates transparency to protect consumers.

The regulation applies to banks, credit unions, savings associations, and other depository institutions. It also sets rules for check processing, substitute checks, and electronic check clearing systems.

Key Obligations

Disclose funds availability schedules at account opening and upon request
Make most deposited funds available within 1–2 business days, depending on type
Allow next-day availability for cash, government checks, and electronic payments

Provide notice to consumers if a longer hold is placed on a deposit
Follow endorsement and image quality standards for substitute checks
Comply with the Check Clearing for the 21st Century Act (Check 21) provisions

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FAQ

What does Reg CC regulate?

It governs how quickly deposited funds must be made available for withdrawal.

Does Reg CC apply to mobile deposits?

Yes, mobile and remote deposits are subject to the same availability and disclosure rules.

Are banks required to follow a standard hold time?

Yes, typical availability is 1–2 business days, though exceptions exist for large or suspicious deposits.

What is a substitute check under Reg CC?

A legally valid paper copy of an original check used in electronic clearing under Check 21.