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Uncollected Funds

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Uncollected funds
The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.

Availability Float
A deposit into a bank account that has not yet cleared. For example, one may deposit a check for $1,000 from an out-of-state bank. The funds may be posted to the account immediately, but they will not become available to the account holder until the issuing bank honors the check and transfers the funds to the receiving bank. This process can take as long as five business days. See also: Check hold.

uncollected funds
A deposit or a portion of a deposit that has not yet been collected by a financial institution. Financial institutions typically prohibit customers from writing checks on uncollected funds.


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ring-shaped sugared cookie or cake KITE: a check drawn against uncollected funds in a bank account or fraudulently raised before cashing LEDGER: a horizontal timber secured to the uprights of scaffolding to support the putlog MASK: the head or face of an animal (as a fox or dog) DAVID MORICE Iowa City, Iowa
On more than one occasion, Dewitt withdrew trust funds against uncollected funds.
We have no uncollected funds policy, or other rules that customers and employees don't understand.
 
 
 
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