(a) Form of disclosures. A bank shall make the disclosures required
by this subpart clearly and conspicuously in writing. Disclosures,
other than those posted at locations where employees accept consumer
deposits and ATMs and the notice on preprinted deposit slips, must
be a form that the customer may keep. The disclosures shall be grouped
together and shall not contain any information not related to the
disclosures required by this subpart. If contained in a document that
sets forth other account terms, the disclosures shall be highlighted
within the document by, for example, use of a separate heading.
(b) Uniform reference to
day of availability. In its disclosure, a bank shall describe
funds as being available for withdrawal on “the
business
day after” the day of deposit. In this calculation, the first business
day is the business day following the banking day the deposit was
received, and the last business day is the day on which the funds
are made available. 9-186
(c) Multiple
accounts and multiple account holders. A bank need not give multiple
disclosures to a customer that holds multiple accounts if the accounts
are subject to the same availability policies. Similarly, a bank need
not give separate disclosures to each customer on a jointly held account.
(d) Dormant or inactive
accounts. A bank need not give availability disclosures to a
customer that holds a dormant or inactive account.
