Yep. I don’t think it’s a regulation, it’s just the bank’s policy based on their risk tolerance. When I’ve had large deposits into my account, they’ve become available in staged rollouts, with a certain amount becoming available almost immediately, then a greater amount becoming available within a few business days, then the whole thing becoming available a little while later. I don’t remember the timeframes exactly, but it was explained in some kind of documentation I found on the bank’s Web site.
But, but, but.....................where's the fun in that?
Yeah, I had a bank put a hold on Cash that was deposited at the Teller, with a corresponding hold on equal funds in the account!
