Investopedia

Continue to Site »

Deferred Availability

Filed Under »
Dictionary Says

Definition of 'Deferred Availability'

A delay in the availability of funds to the holder of a commercial bank account upon depositing a check as his/her bank awaits payment from the paying bank. Regulations require banks to limit the hold to no more than two days for local checks and no more than five days for out of town checks. There is an exception for new accounts where regulations allow banks to delay the availability of funds for up to 30 days.
Investopedia Says

Investopedia explains 'Deferred Availability'

Regulations allowing a delay in the availability of funds were created to deter fraud and embezzlement schemes that involve cashing bad checks before they are cleared.

Articles Of Interest

  1.

    Your First Checking Account

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

  2. Tired Of Banks? Try A Credit Union

    These nonprofit organizations can provide a range of services for lower fees.

  3. When Good People Write Bad Checks

    Overdraft protection can help when you overestimate your balance, but it will cost you.

  4. Demystification Of Bank Accounts

    Find out which type of account suits your specific needs.

  5. How To Break Up With Your Bank

    Whether you're moving or have just found a better no-fee plan, find out how to switch banks with ease.

  6. Financial Career Options For Professionals

    Find out if spreading your wings to try a new career will make you soar or fall flat.

  7. Banks Will Be Under More Stress In 2012

    The FDIC has proposed new regulations for banks.

  8. The Banking Industry In 2012

    Major banks in 2012 can expect to lose customers as they struggle with the Dodd-Frank Act and new fees.

  9. Why You Should Stick With The Big Banks

    Big doesn't always mean bad. We tell you four reasons why.

  10. The Banking System

    Banks have been with us as long as money. Here is a detailed breakdown of how banks and the banking system work.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center