Availability Schedule


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".

BREAKING DOWN '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.

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  5. Available Balance

    Balances in checking or on-demand accounts where there is a delay ...
  6. Available Funds

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