Availability Schedule

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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 ?
174) However, disparate funds availability schedules at different banks would unnecessarily complicate the system: customers' expectations could be undermined when they receive normal funds availability at Bank A, but Bank B places their funds on hold for over one and one-half weeks.
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.
Lockbox studies use customer remittance envelopes, photocopies of checks, and bank statements to ascertain the location and geographic concentration of the remitting customers, inter-city mail times, bank availability schedules, the difference between company and bank processing costs, and all other costs related to lockboxes.
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.
These holds are limited by the availability schedules of the act.
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