National Check Professional (NCP) Certification Practice Test

What is the deadline for a check return to reach the depositary bank according to Reg CC?

1. 4pm one day after presentment

2. 4pm two days after presentment

3. No specific deadline mentioned

4. By end of business the same day

The correct answer is: 4pm two days after presentment

Regulation CC sets forth the guidelines for the return of checks, including the timeline in which a check must be returned to the depositary bank. According to these regulations, a check that is being returned must reach the depositary bank by the end of the second business day following presentment. This is an important time frame that ensures efficient processing and minimizes potential losses for financial institutions dealing with the return of checks. Understanding this deadline is crucial for professionals in the banking and finance sectors. It helps institutions manage their funds and reconcile their accounts in a timely manner, ultimately contributing to overall financial stability and customer service. The mention of a specific timeframe—two business days—helps ensure that all parties involved in the transaction are aware of their responsibilities and the need to act promptly in the case of a check return.