March 24th, 2025
- Remote Deposit Check Processing Update
- Effective Date: April 1st, 2025
- Treasury Prime is updating how Remote Deposit Check deposits are processed. Key changes include:
- The full check amount will now be posted immediately to customer accounts with appropriate holds, rather than using incremental credits.
- This improves deposit visibility while maintaining the same funds availability schedule.
- For example, a $10,000 check deposit will now show:
- Full amount posted on first business day
- Holds applied and released according to funds availability schedule
- ****More examples are provided below
Other Examples
Example: Check for $10,000 deposited on Monday (chk_01)
Today’s Process:
| Day | Corresponding Transactions |
|---|---|
| Monday: day of deposit | N/A |
| Tuesday | $225 credit to ledger account. Description: “chk_01 funds release” |
| Wednesday | $5300 credit to ledger account. Description “chk_01 funds release” |
| Next Monday | $4475 credit to ledger account. Description: “chk_01 funds release” |
Updated Process:
Day | Corresponding Transactions |
|---|---|
Monday: day of deposit | N/A |
Tuesday | $10,000 credit to ledger account. Description “chk_01 funds post”\ $9775 hold applied. Description “chk_01 funds hold” Available to customer: $225 |
Wednesday | $9775 hold release. Description “hold_id release”\ $4475 hold place: Description “chk_01 funds hold” Available to customer: $5525 |
Next Monday | $4475 hold release. Description “hold_id release”\ Available to customer: $10,000 |
Example: 2 Checks for $5000 each deposited on Monday (chk_02 and chk_03)
Today’s Process:
Day | Corresponding Transactions |
|---|---|
Monday: day of deposit | N/A |
Tuesday | $225 credit to ledger account. Description: “chk_02 funds release” |
Wednesday | $4775 credit to ledger account. Description “chk_02 funds release”\ $525 credit to ledger account. Description “chk_03 funds release” |
Next Monday | $4475 credit to ledger account. Description: “chk_03 funds release” |
Updated Process:
Day | Corresponding Transactions |
|---|---|
Monday: day of deposit | N/A |
Tuesday | $5000 credit to ledger account. Description “chk_002 funds post”\ $5000 credit to ledger account. Description “chk_003 funds post” $4775 hold applied. Description “chk_002 funds hold” $5000 hold applied. Description “chk_003 funds hold” Available to customer: $225 |
Wednesday | $4775 hold release. Description “hold_id release”\ $5000 hold release. Description “hold_id release” $4475 hold applied. Description “chk_003 funds hold” Available to customer: $5525 |
Next Monday | $4475 hold release. Description “hold_id release”\ Available to customer: $10,000 |