Regulatory Alerts2024-05-20 | 2024-10844Availability of Funds and Collection of Checks
The Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau issued a final rule amending Regulation CC to adjust statutory dollar thresholds for inflation. Effective July 1, 2025, the rule increases the next-day availability minimum to $275, the cash withdrawal amount to $550, and the new account, large-deposit, and repeatedly overdrawn thresholds to $6,725, while also raising civil liability limits to $125, $1,350, and $672,950. These mandatory five-year adjustments reflect a 21.8 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers between July 2018 and July 2023, fulfilling a statutory mandate under the Expedited Funds Availability Act.
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