We would like to inform our customers about the upcoming changes to Regulation CC thresholds that will take effect on July 1, 2025. These changes are important and may impact your banking activities. Below is a summary of the key adjustments if a hold is placed on a check being deposited into your account:
Section | Description | Current Threshold | New Threshold |
12 CFR 229.10(c)(1)(vii) | Minimum Amount | $225 | $275 |
12 CFR 229.12(d) | Cash Withdrawal Amount | $450 | $550 |
12 CFR 229.13(a)(1)(ii) | New-Account Amount | $5,525 | $6,725 |
12 CFR 229.13(b) | Large-Deposit Threshold | $5,525 | $6,725 |
12 CFR 229.13(d)(2) | Repeatedly Overdrawn Threshold | $5,525 | $6,725 |
12 CFR 229.21(a)(2)(i) | Civil Liability (Individual Action) | $100–$1,100 | $125–$1,350 |
12 CFR 229.21(a)(2)(ii)(B) | Civil Liability (Class Action Max) | $552,500 | $672,950 |
These changes are designed to better reflect the current economic environment and ensure that the thresholds remain effective and fair. We encourage our customers to review these changes and consider how they may impact your banking activities. If you have any questions or need further assistance, please do not hesitate to contact our customer service team.
Thank you for your attention to these important updates. We are committed to providing you with the best banking experience and keeping you informed about any changes that may affect you.