Check Holds

Has your financial institution taken losses due to counterfeit checks, check kiting or other check frauds? Did losses occur because your staff did not know how to properly apply holds on customer deposits? Are you confused about how to handle check holds now that there are no longer “non-local checks?” With the multitude of regulations and laws requiring compliance on a daily basis, the Expedited Funds Availability Act (Regulation CC) is one of the most misunderstood regulations that can impact both the retail and commercial sides of a financial institution. A financial institution risks significant financial liability for improperly placing holds on deposits. On the other hand, if used properly, Regulation CC is one of the financial institution's best protections from check fraud losses.

Covered Topics:

  • What every banker needs to know about the workings of Regulation CC, placing holds on deposits and the effect of changes to the check processing system
  • The most common errors financial institutions make when making the decision to place a hold on a deposit
  • The methods of maximizing Regulation CC's benefits so that your financial institution can get the most from it, especially when trying to protect the institution from losses due to check fraud
  • Participants will be given an opportunity to work with real-life scenarios to see how the regulation is supposed to be applied

Plus frequent question and answer sessions throughout this presentation.

Who Should Attend?

This session would be useful for all tellers, head tellers, cashiers and anyone who works the front-line and handles checks.