Availability Schedule

AAA

DEFINITION of 'Availability Schedule'

The number of days it takes for a third-party check deposited into a customer's checking account to become available to the customer. While the funds are unavailable until cleared, they are referred to as "checks held".

INVESTOPEDIA EXPLAINS 'Availability Schedule'

The maximum number of days that funds can be held by banks is dictated by the Expedited Funds Availability Act, which was enacted by Congress in 1987 and subsequently became a Federal Reserve regulation. Many banks will make checks available before the maximum number of days is up.

RELATED TERMS
  1. Available Balance

    Balances in checking or on-demand accounts where there is a delay ...
  2. Bad Check

    A check drawn on a nonexistent account or on an account with ...
  3. Available Funds

    Funds that are available to an account holder for withdrawal ...
  4. Availability

    Funds that have been deposited by third-party check into a customer's ...
  5. Rubber Check

    Another name for a "bounced check." A rubber check is a slang ...
  6. Bounced Check

    A slang word for a check that cannot be processed because the ...
Related Articles
  1. Inside National Payment Systems
    Economics

    Inside National Payment Systems

  2. Your First Checking Account
    Insurance

    Your First Checking Account

  3. When Good People Write Bad Checks
    Budgeting

    When Good People Write Bad Checks

  4. How does online banking assist with ...
    Budgeting

    How does online banking assist with ...

comments powered by Disqus
Hot Definitions
  1. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  2. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  3. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  4. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  5. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
  6. Direct Participation Program - DPP

    A business venture designed to let investors participate directly in the cash flow and tax benefits of the underlying investment. ...
Trading Center