Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part II - Bureau of Banks
Chapter 21 - GENERAL PROVISIONS FOR ALL STATE-CHARTERED BANKING INSTITUTIONS
PRELIMINARY PROVISIONS
Section 21.3 - Saturday banking hours

Universal Citation: 10 PA Code ยง 21.3

Current through Register Vol. 54, No. 12, March 23, 2024

(a) The term "banking day" when used in this section means that part of any day on which a bank is open to the public for carrying on substantially all of its banking functions.

(b) All banks engaged in or contemplating Saturday banking hours must determine that accounting procedures are performed in accordance with the provisions of the Uniform Commercial Code (12A P. S. §§ 1-101-10-104).

(c) For purposes of deferred posting and return of items, a bank must perform its accounting procedures prior to midnight of its next banking day for the day on which items are received.

(d) In the instance of banks who no longer perform their own bookkeeping and who have adopted Saturday banking hours, the following rules apply:

(1) Transactions of Friday must be posted at the computer center and returned to the bank by Saturday morning.

(2) Transactions of Friday night and Saturday will have to be sent to the computer center Saturday night for return on Monday morning.

Disclaimer: These regulations may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.