Does Regulation CC Subject mobile or RDC deposits to funds availability?

Regulation CC does not subject mobile or RDC deposits with respect to funds availability. Unless there is a state law or regulation, funds availability on RDC and mobile RDC check deposits is a contractual matter.

What if my deposit is completed before 10pm?

If your deposit is completed before 10 p.m. ET on a business day, your funds will also be available to pay checks or items during nightly processing. If your deposit is completed after 10 p.m. ET, your funds will be available to pay checks or items presented on the next business day.

Why do banks hold deposited funds?

Banks can hold deposited funds for various reasons, but, in most cases, it’s to prevent any returned payments from your account. In other words, the bank wants to make sure that the deposit is good before giving you access to the money.

What is funds availability?

Funds availability refers to when you can access money that you’ve deposited with your bank to pay bills, make purchases and cover everyday expenses. With some exceptions, money that you add to your checking account or savings account isn’t always available to use right away.