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Question
Under the Expedited Funds Availability Act, customers can draw upon checks deposited in their checking account within:
A. the second business day following deposit, if the drawee bank is in the same Federal Reserve check-processing region as the depositary bank.
B. one week following deposit, if the drawee bank is in a different Federal Reserve check-processing region than the depositary bank.
C. three days after the deposit, in the case of checks drawn on the U.S. Treasury.
D. five days of deposit in the case of cashier's checks.
Answer
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Related questions
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