Availability Schedule

Availability Schedule

The number of days it takes for a bank account deposit to clear. The availability schedule is set by the Expedited Funds Availability Act, which sets a different number of days for different circumstances (such as whether or not the deposit comes from an out of state account). The availability schedule can last as long as five business days. See also: Availability Float.
References in periodicals archive ?
All Checks Deposited Should Be Credited In Accordance With The Offeror s Availability Schedule.
4) Depending on the type of check and other criteria outlined in the regulations' funds availability schedule, banks may place holds on checks ranging from one to nine days.
120) That is, depositary banks collect interest on checks in the time between when those banks are paid for a check by the payor bank and when the Regulation CC availability schedule requires the bank to make the funds available to its customer.
However, some approaches can still be applied and are worth considering if a full-blown data warehouse is not suitable or worthwhile, and where the availability schedule for the operational system allows.
This is a driving factor in the decision, along with the number and location and availability schedule of the operational systems involved.
A better availability schedule may be offered for a premium price or when it is merited by the overall relationship profitability.
A recent survey of returned checks processed by the Federal Reserve indicates that institutions receive most checks that are returned unpaid by the day on which they must make funds available for withdrawal under the temporary availability schedule.
The customer immediately receives a receipt that can be printed for their records, and once the deposit is received at the financial institution, the customer receives a confirmation with the availability schedule for the funds.
After Check 21, with many of its wholesale lockbox sites already image-enabled, Wells Fargo could offer an expanded, nation-wide network with accelerated availability schedules by clearing checks on those images.
Collectively, the amendments will reduce the number of check-processing regions listed in the appendix from thirty-two to twenty-three, resulting in some nonlocal checks in the affected regions becoming local checks that are subject to faster availability schedules.
In addition to testing the products he sells, but doesn't always get to actually use, he talks to manufacturers and reps about product availability schedules.
Collectively, the amendments will reduce the number of check processing regions listed in Appendix A from 44 to 32, resulting in some nonlocal checks in the affected regions becoming local checks that are subject to faster availability schedules.
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