Common use of How to Determine the Availability of Deposited Funds Clause in Contracts

How to Determine the Availability of Deposited Funds. The length of the delay is counted in business days, starting on the first business day after the day of the deposit. Business days are defined as every weekday, except Saturdays, Sundays, and federal holidays. Although the Bank offers public banking services on Saturdays, Sundays, and some federal holidays, these are not considered business days.

How to Determine the Availability of Deposited Funds. The length of the delay is counted in business days, starting on the first business day after the day of the deposit. Business days are defined as every weekday, except Saturdays, Sundays, and federal holidays. Although the Bank offers offers public banking services on Saturdays, Sundays, and some federal holidays, these are not considered business days.