REG CC – Funds Availability Changes

The Federal Reserve has made changes to Regulation CC (availability of funds and collection of checks) that take effect on July 1 2020. Funds available change from $200 to $225 and $5000 to $5525 depending on the hold criteria. The bank will also be making changes to the savings account transfers per month from six to unlimited. Please call us at 701-228-2204 if you have questions.