Any local check deposited must be available for withdrawal by check or as cash within one business day from the date of deposit.

Name: Any local check deposited must be available for withdrawal by check or as cash within one business day from the date of deposit.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Under the Expedited Funds Availability Act (EFAA), banks are required to make funds from local checks available for withdrawal by the next business day.

Any Local Check Deposited Must Be Available for Withdrawal by Check