Effective July 1, 2025, our Funds Availability Policy has been updated in accordance with recent changes to Regulation CC (Availability of Funds and Collection of Checks). These updates are mandated by the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board, which jointly adjust applicable dollar amounts for inflation related to the availability of deposited funds.
Key Updates:
- Next-Day Availability:
The minimum amount generally available by the next business day for certain check deposits will increase from $225 to $275.
- New Account Holds:
For new accounts, the threshold for next-day availability of certain check deposits will increase from $5,525 to $6,725.
- Large Deposit Exception Holds:
The threshold at which large deposit exception holds apply will increase from $5,525 to $6,725.
These updates are designed to ensure fairness and transparency in how deposited funds are made available and to reflect inflation adjustments.Our general policy remains to make funds available as quickly as possible. However, in some cases, check deposits may be subject to delayed availability, as outlined in the full Funds Availability Policy.
What You Need to Do:
No action is required. Continued use of your account and deposit services on or after July 1, 2025, constitutes your agreement to the updated Funds Availability Policy. We encourage you to review the full policy for complete details.
This change was disclosed with your June 2025 statement and is also available online.
👉 To view the complete Funds Availability Policy, click here.
📞 Questions? Contact Member Services at (860) 292-2940 or email memberservices@riverbankfcu.com.