Final answer:
The extended hold for deposited items can vary but is typically 7 to 11 business days depending on the bank's policies and type of deposit, with federal regulations setting maximum hold periods.
Step-by-step explanation:
The number of business days for an extended hold on deposited items can vary depending on the financial institution's policies and the type of deposit. Generally, federal regulations allow banks to hold checks for a maximum of 7 business days on local checks. However, the hold period can extend to 9 business days for non-local checks. Some types of deposits like large deposits, repeated overdrafts, or suspicious activity can extend the hold further, which can range from 7 to 11 business days. Banks are also required to provide a notice explaining the reason for the hold, the amount of money that is being held, and when the funds will be available.