New Account Check Holds When Adding an Additional Depositor to an Existing Checking Account
Question: Regarding Reg CC and check holds, can we apply a new account exception hold on an established account when a new account holder is added? Answer: Interestingly enough, yes. Here is the commentary from 12 CFR 229.13(a) (1)(b)(vi): If two customers that each have an established individual account with the bank open a joint […]
