DEFINITION of 'Availability'

Funds that have been deposited by third-party check into a customer's bank account. These funds are typically not usable by the customer until the check clears, or they become "good funds."

BREAKING DOWN 'Availability'

Third-party checks are available according to a schedule that relies on the location of the bank on which the check is drawn. The maximum number of days that a check can be held is set by the Expedited Funds Availability Act, assuming the check is good.

RELATED TERMS
  1. Availability Schedule

    The number of days it takes for a third-party check deposited ...
  2. Check Hold

    Denotes a period of time equal to the maximum number of days ...
  3. Available Balance

    Balances in checking or on-demand accounts where there is a delay ...
  4. Negative Float

    The period of time between when a bank customer writes a check ...
  5. Immediate Credit

    The Federal Reserve practice of "clearing" checks deposited by ...
  6. Check

    A written, dated and signed instrument that contains an unconditional ...
Related Articles
  1. Personal Finance

    Explaining Checking Accounts

    A checking account is an account at a financial institution, usually a bank, that allows for deposits and withdrawals.
  2. Personal Finance

    The Lucrative World Of Third-Party Marketing

    Hedge funds don't sell themselves. Marketing experts reel in the big fish.
  3. Personal Finance

    Top 5 Reasons Banks Won't Cash Your Check

    Learn the top reasons that a bank won't cash your check, and find out what steps you can take to prevent those scenarios from happening.
  4. Personal Finance

    What is a Bounced Check?

    Bounced check is a slang term to describe a check that cannot be processed because its writer has insufficient funds.
  5. Managing Wealth

    2015's Top Checking Account Promotions

    Open a checking account in 2015 and the bank could give you a cash bonus. Check out these top offers.
  6. Investing

    What is a Cashier’s Check?

    A cashier’s check is a check written on a financial institution’s funds.
  7. Investing

    Demystification Of Bank Accounts

    Find out which type of account suits your specific needs.
  8. Managing Wealth

    Top Premium Checking Accounts of 2015

    Which banks offer the best deals for premium checking accounts – and what do you have to do to qualify for one?
  9. Personal Finance

    Your First Checking Account

    This owner's manual will show you what to expect from your bank.
  10. Investing

    Mutual Funds: Brand Names Vs. House Brands

    Find out whether an in-house fund will serve you better than a major company's fund offerings.
RELATED FAQS
  1. How long does it take a check to clear?

    It usually takes two days for a check to clear, but in some cases it may take longer. Discover how banks treat large deposits ... Read Answer >>
  2. How do you calculate payback period using Excel?

    Understand the various fees that can be assessed on a personal or business checking account, and learn methods to avoid being ... Read Answer >>
  3. What is usability testing, and why is it so important in the Internet sector

    Learn why a company would want to conduct a usability test and what types of data and information become available with this ... Read Answer >>
  4. What are the differences between preference shares and bonds?

    Learn what information banks keep on file for their customers, and understand how this information can be used to deny an ... Read Answer >>
  5. What are the advantages of hiring a third-party marketing company?

    Explore the advantages of using a third-party marketing service to drive a marketing campaign. Like with most marketing strategies, ... Read Answer >>
Trading Center