The deferred posting rule allows banks to fix an afternoon hour of 2:00 P.M. or later as a cutoff hour for the purpose of processing checks and deposits.

Name: The deferred posting rule allows banks to fix an afternoon hour of 2:00 P.M. or later as a cutoff hour for the purpose of processing checks and deposits.
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Quizplus · Accepted Answer

The deferred posting rule does allow banks to set a cutoff hour in the afternoon for processing checks and deposits, commonly 2:00 P.M. or later.

The Deferred Posting Rule Allows Banks to Fix an Afternoon