Funds Availability is Changing
Important Update, effective July 1, 2025
The Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board jointly increased dollar amounts for inflation relating to the availability of accountholder funds. These Regulation CC changes include the minimum amount of deposited funds that financial institutions must make available for withdrawal on the first business day after the day of your deposit for certain check deposits, as well as the amount of funds deposited by certain checks in a new account that are subject to next-day availability.
What is Reg CC and why does it matter?
Reg CC aims to speed up the check clearing process and ensure Members have timely access to their deposited funds. It sets specific timeframes for when funds must be made available, depending on the type of deposit (cash, checks, electronic transfers) and the location of the paying bank.
Your big takeaways ...
- Checks you deposit: The first $275 will be available the next business day. This can be withdrawn however you prefer, including cash. The rest will be available on the second business day. Example: If you deposit a $500 check on Monday, $275 will be available on Tuesday, and the remaining $225 will be available on Wednesday.
- Larger check deposits: If you deposit checks totaling more than $6,725 in one day, the amount over $6,725 may take up to 9 business days to become fully available.
- New Accounts: The first $6,725 will be available the next business day. If you deposit checks totaling more than $6,725 in one day, the amount over $6,725 may take up to 9 business days to become fully available.
- Electronic deposits (direct deposit, wires, etc.): Funds will be available on the next business day.
- Government & cashier's check deposits: The first $6,725 will be available the next business day if certain conditions are met (example: the check is payable to you). Any amount over this limit will be available on the ninth business day.
