Business, Legal & Accounting Glossary
Law enacted by Congress in 1987 to regulate holding periods for checking accounts. The Act stipulates the number of days that funds from a check deposit can be withheld from being transferred or withdrawn. The period varies depending on the check amount and the location of the originating bank. Also called Regulation CC.
EFAA
Regulation CC
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Expedited Funds Availability Act are sourced/syndicated and enhanced from:
This glossary post was last updated: 21st November, 2021 | 0 Views.