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.

  1. Availability Schedule

    The number of days it takes for a third-party check deposited ...
  2. Available Balance

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

    A check drawn on a nonexistent account or on an account with ...
  4. Float Time

    The amount of time between when an individual writes and submits ...
  5. Bounced Check

    A slang word for a check that cannot be processed because the ...
  6. Available Funds

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