What is Availability?
Funds that have been deposited by third-party check into a customer’s bank account. These funds are typically not usable by the customer until the check clears, or they become “”good funds.”” Read more for examples and further explanation including related video clips and also comments
Example explains Availability
Third-party checks are available according to a schedule that relies on the location of the bank on which the check is drawn. The maximum number of days that a check can be held is set by the Expedited Funds Availability Act, assuming the check is good.
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