Tag: Express Availability

Generating Fee Income From Deposit Availability

Increasing Fee Income

Deposit a check in a bank, and there is likely to be a three to five-day hold period on the funds depending on the drafted bank, amount, the method of deposit and depositor status. Luckily, most banks will make at least a portion of the check either immediately available or available the next day (see graphic below). However, there are a group of banks that charge for the privilege for immediate availability, particularly in conjunction with mobile deposit. In this article, we look at how these banks pull it off and if this is something your bank should consider.


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