Expedited Funds Availability Act

Business, Legal & Accounting Glossary

Definition: Expedited Funds Availability Act


Expedited Funds Availability Act

Quick Summary of Expedited Funds Availability Act


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 The Act stipulates the number of days that funds from a check deposit can be withheld from being transferred or withdrawn.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.




Synonyms For Expedited Funds Availability Act


EFAA
Regulation CC


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Expedited Funds Availability Act. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/expedited-funds-availability-act/

Definition Sources


Definitions for Expedited Funds Availability Act are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 0 Views.