Miscellaneous.

CFR · 2024-01-01 · US · Title 12

(a) (1) Funds deposited at a staffed facility, ATM, or contractual branch are considered deposited when they are received at the staffed facility, ATM, or contractual branch; (2) Funds mailed to the depositary bank are considered deposited on the day they are received by the depositary bank; (3) Funds deposited to a night depository, lock box, or similar facility are considered deposited on the day on which the deposit is removed from such facility and is available for processing by the depositary bank; (4) Funds deposited at an ATM that is not on, or within 50 feet of, the premises of the depositary bank are considered deposited on the day the funds are removed from the ATM, if funds normally are removed from the ATM not more than two times each week; and (5) Funds may be considered deposited on the next banking day, in the case of funds that are deposited— (i) On a day that is not a banking day for the depositary bank; or (ii) After a cut-off hour set by the depositary bank for the receipt of deposits of 2:00 p.m. or later, or, for the receipt of deposits at ATMs, contractual branches, or off-premise facilities, of 12:00 noon or later. Different cut-off hours later than these times may be established for the receipt of different types of deposits, or receipt of deposits at different locations. (b) (1) 9:00 a.m. (local time of the depositary bank); or (2) The time the depositary bank's teller facilities (including ATMs) are available for customer account withdrawals. (c) (1)

official document · source cfr-2024 · id 12:§ 229.19