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.

  1. Check Hold

    A check hold denotes the maximum number of days that a bank can ...
  2. Cleared Funds

    Cleared funds are the balance in an account that is able to be ...
  3. Negative Float

    The period of time between when a bank customer writes a check ...
  4. Positive Pay

    Positive pay is a banking service used to match the checks a ...
  5. Book Balance

    Book balance is a term used to describe money available after ...
  6. Canceled Check

    A canceled check is a check that has cleared the depositor's ...
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