Section 229.10 - [Effective 7/1/2025] Next-day availability(a)Cash deposits.(1) A bank shall make funds deposited in an account by cash available for withdrawal not later than the business day after the banking day on which the cash is deposited, if the deposit is made in person to an employee of the depositary bank.(2) A bank shall make funds deposited in an account by cash available for withdrawal not later than the second business day after the banking day on which the cash is deposited, if the deposit is not made in person to an employee of the depositary bank.(b)Electronic payments - (1)In general. A bank shall make funds received for deposit in an account by an electronic payment available for withdrawal not later than the business day after the banking day on which the bank received the electronic payment.(2)When an electronic payment is received. An electronic payment is received when the bank receiving the payment has received both-(i) Payment in actually and finally collected funds; and(ii) Information on the account and amount to be credited. A bank receives an electronic payment only to the extent that the bank has received payment in actually and finally collected funds.
(c)Certain check deposits - (1)General rule. A depositary bank shall make funds deposited in an account by check available for withdrawal not later than the business day after the banking day on which the funds are deposited, in the case of-(i) A check drawn on the Treasury of the United States and deposited in an account held by a payee of the check;(ii) A U.S. Postal Service money order deposited-(A) In an account held by a payee of the money order; and(B) In person to an employee of the depositary bank.(iii) A check drawn on a Federal Reserve Bank or Federal Home Loan Bank and deposited- (A) In an account held by a payee of the check; and(B) In person to an employee of the depositary bank;(iv) A check drawn by a state or a unit of general local government and deposited-(A) In an account held by a payee of the check;(B) In a depositary bank located in the state that issued the check, or the same state as the unit of general local government that issued the check;(C) In person to an employee of the depositary bank; and(D) With a special deposit slip or deposit envelope, if such slip or envelope is required by the depositary bank under paragraph (c)(3) of this section.(v) A cashier's, certified, or teller's check deposited-(A) In an account held by a payee of the check;(B) In person to an employee of the depositary bank; and(C) With a special deposit slip or deposit envelope, if such slip or envelope is required by the depositary bank under paragraph (c)(3) of this section.(vi) A check deposited in a branch of the depositary bank and drawn on the same or another branch of the same bank if both branches are located in the same state or the same check processing region; and,(vii) The lesser of- (B) The aggregate amount deposited on any one banking day to all accounts of the customer by check or checks not subject to next-day availability under paragraphs (c)(1) (i) through (vi) of this section.(2)Checks not deposited in person. A depositary bank shall make funds deposited in an account by check or checks available for withdrawal not later than the second business day after the banking day on which funds are deposited, in the case of a check deposit described in and that meets the requirements of paragraphs (c)(1) (ii), (iii), (iv), and (v), of this section, except that it is not deposited in person to an employee of the depositary bank.(3)Special deposit slip.(i) As a condition to making the funds available for withdrawal in accordance with this section, a depositary bank may require that a state or local government check or a cashier's, certified, or teller's check be deposited with a special deposit slip or deposit envelope that identifies the type of check.(ii) If a depositary bank requires the use of a special deposit slip or deposit envelope, the bank must either provide the special deposit slip or deposit envelope to its customers or inform its customers how the slip or envelope may be prepared or obtained and make the slip or envelope reasonably available.53 FR 19433, May 27, 1988, as amended at 84 FR 31696 , July 3, 2019 84 FR 31696 , 7/1/2020; 89 FR 43738 , 7/1/2025