Availability Schedule

Table showing the number of days needed to clear a deposited check. Under the Expedited Funds Availability Act financial institutions must give their customers access to deposited funds within a fixed number of days, depending on whether a check is drawn on a local or nonlocal bank. Local checks (checks deposited at a bank in the same Federal Reserve Regional Check Processing Center as the paying bank) must be available for use within two business days after the day of deposit. See also Account Hold; Check Hold.