On May 13, 2024, the Federal Reserve Board and the Consumer Financial Protection Bureau adjusted certain dollar thresholds in Subpart B of Regulation CC. The effective date of the change is July 1, 2025.
Regulation CC implements the Expedited Funds Availability Act (EFAA). The EFAA and Regulation CC dictate when funds deposited into transaction accounts must be made available for withdrawal. Subsection B establishes specific availability requirements based on dollar thresholds in multiple circumstances.
The Dodd-Frank Act requires certain dollar thresholds be adjusted every five years to account for inflation. These adjustments impact: 1) the minimum amount to be made available on the next business day for certain deposits, 2) the cash withdrawal amount, 3) the new account next-day availability requirements, 4) the large deposit threshold, and 5) the repeatedly overdrawn threshold.
The following dollar thresholds are effective July 1, 2025:
| Section | Threshold |
|---|---|
| Minimum Amount, 12 CFR 229.10(c)(1)(vii) | $275 |
| Cash Withdrawal Amount, 12 CFR 229.12(d) | $550 |
| New-Account Amount, 12 CFR 229.13(a)(1)(ii) | $6,725 |
| Large-Deposit Threshold, 12 CFR 229.13(b) | $6,725 |
| Repeatedly Overdrawn Threshold, 12 CFR 229.13(d)(2) | $6,725 |
Join us for our upcoming deposit seminars, Advanced Deposits: Compliance and Audits and Compliance With Deposit Regulations, where we will discuss the impacts of these changes and more.
Still have questions? Sign up for our 2024 Regulatory Compliance Conference in Sandestin/Miramar Beach, Florida, September 9–12, where we will cover trending deposit, lending, AML/BSA, and compliance risk management topics relevant to you!