---
kind: "section"
citation: "12 U.S.C. § 4002"
title: "12"
title_heading: "Banks and Banking"
number: "4002"
heading: "Expedited funds availability schedules"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4002"
units:
  - "Chapter 41 — Expedited Funds Availability"
---

# §4002. Expedited funds availability schedules

- (a) **Next business day availability for certain deposits—**
  - (1) **Cash deposits; wire transfers—** Except as provided in [subsection (e)](#e) and in [section 4003 of this title](/usc/12/4003.md), in any case in which—
    - (A) any [cash](/usc/12/4001.md?p=4) is deposited in an [account](/usc/12/4001.md?p=1) at a [receiving depository institution](/usc/12/4001.md?p=20) staffed by individuals employed by such institution, or
    - (B) funds are received by a [depository institution](/usc/12/4001.md?p=12) by [wire transfer](/usc/12/4001.md?p=25) for deposit in an [account](/usc/12/4001.md?p=1) at such institution,

    such [cash](/usc/12/4001.md?p=4) or funds shall be available for withdrawal not later than the [business day](/usc/12/4001.md?p=3) after the [business day](/usc/12/4001.md?p=3) on which such [cash](/usc/12/4001.md?p=4) is deposited or such funds are received for deposit.

  - (2) **Government checks; certain other checks—** Funds deposited in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) by [check](/usc/12/4001.md?p=7) shall be available for withdrawal not later than the [business day](/usc/12/4001.md?p=3) after the [business day](/usc/12/4001.md?p=3) on which such funds are deposited in the case of—
    - (A) a [check](/usc/12/4001.md?p=7) which—
      - (i) is drawn on the Treasury of the [United States](/usc/12/4001.md?p=23); and
      - (ii) is endorsed only by the [person](/usc/12/5481.md?p=19) to whom it was issued;
    - (B) a [check](/usc/12/4001.md?p=7) which—
      - (i) is drawn by a [State](/usc/12/4001.md?p=21);
      - (ii) is deposited in a [receiving depository institution](/usc/12/4001.md?p=20) which is located in such [State](/usc/12/4001.md?p=21) and is staffed by individuals employed by such institution;
      - (iii) is deposited with a special deposit slip which indicates it is a [check](/usc/12/4001.md?p=7) drawn by a [State](/usc/12/4001.md?p=21); and
      - (iv) is endorsed only by the [person](/usc/12/5481.md?p=19) to whom it was issued;
    - (C) a [check](/usc/12/4001.md?p=7) which—
      - (i) is drawn by a [unit of general local government](/usc/12/4001.md?p=24);
      - (ii) is deposited in a [receiving depository institution](/usc/12/4001.md?p=20) which is located in the same [State](/usc/12/4001.md?p=21) as such [unit of general local government](/usc/12/4001.md?p=24) and is staffed by individuals employed by such institution;
      - (iii) is deposited with a special deposit slip which indicates it is a [check](/usc/12/4001.md?p=7) drawn by a [unit of general local government](/usc/12/4001.md?p=24); and
      - (iv) is endorsed only by the [person](/usc/12/5481.md?p=19) to whom it was issued;
    - (D) the first $200 deposited by [check](/usc/12/4001.md?p=7) or [checks](/usc/12/4001.md?p=7) on any one [business day](/usc/12/4001.md?p=3);
    - (E) a [check](/usc/12/4001.md?p=7) deposited in a branch of a [depository institution](/usc/12/4001.md?p=12) and drawn on the same or another branch of the same [depository institution](/usc/12/4001.md?p=12) if both such branches are located in the same [State](/usc/12/4001.md?p=21) or the same [check processing region](/usc/12/4001.md?p=9);
    - (F) a [cashier](/usc/12/4001.md?p=5)’s [check](/usc/12/4001.md?p=7), [certified check](/usc/12/4001.md?p=6), [teller](/usc/12/4001.md?p=22)’s [check](/usc/12/4001.md?p=7), or [depository check](/usc/12/4001.md?p=11) which—
      - (i) is deposited in a [receiving depository institution](/usc/12/4001.md?p=20) which is staffed by individuals employed by such institution;
      - (ii) is deposited with a special deposit slip which indicates it is a [cashier](/usc/12/4001.md?p=5)’s [check](/usc/12/4001.md?p=7), [certified check](/usc/12/4001.md?p=6), [teller](/usc/12/4001.md?p=22)’s [check](/usc/12/4001.md?p=7), or [depository check](/usc/12/4001.md?p=11), as the case may be; and
      - (iii) is endorsed only by the [person](/usc/12/5481.md?p=19) to whom it was issued.
- (b) **Permanent schedule—**
  - (1) **Availability of funds deposited by local checks—** Subject to paragraph (3) of this subsection, subsections [(a)(2)](#a-2), [(d)](#d), and [(e)](#e) of this section, and [section 4003 of this title](/usc/12/4003.md), not more than 1 [business day](/usc/12/4001.md?p=3) shall intervene between the [business day](/usc/12/4001.md?p=3) on which funds are deposited in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) by a [check](/usc/12/4001.md?p=7) drawn on a [local originating depository institution](/usc/12/4001.md?p=13) and the [business day](/usc/12/4001.md?p=3) on which the funds involved are available for withdrawal.
  - (2) **Availability of funds deposited by nonlocal checks—** Subject to paragraph (3) of this subsection, subsections [(a)(2)](#a-2), [(d)](#d), and [(e)](#e) of this section, and [section 4003 of this title](/usc/12/4003.md), not more than 4 [business days](/usc/12/4001.md?p=3) shall intervene between the [business day](/usc/12/4001.md?p=3) on which funds are deposited in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) by a [check](/usc/12/4001.md?p=7) drawn on a [nonlocal originating depository institution](/usc/12/4001.md?p=15) and the [business day](/usc/12/4001.md?p=3) on which such funds are available for withdrawal.
  - (3) **Time period adjustments for cash withdrawal of certain checks—**
    - (A) **In general—** Except as provided in [subparagraph (B)](#b-3-B), funds deposited in an [account](/usc/12/4001.md?p=1) in a [depository institution](/usc/12/4001.md?p=12) by [check](/usc/12/4001.md?p=7) (other than a [check](/usc/12/4001.md?p=7) described in [subsection (a)(2)](#a-2)) shall be available for [cash](/usc/12/4001.md?p=4) withdrawal not later than the [business day](/usc/12/4001.md?p=3) after the [business day](/usc/12/4001.md?p=3) on which such funds otherwise are available under paragraph [(1)](#b-1) or [(2)](#b-2).
    - (B) **5 p.m. cash availability—** Not more than $400 (or the maximum amount allowable in the case of a withdrawal from an automated [teller](/usc/12/4001.md?p=22) machine but not more than $400) of funds deposited by one or more [checks](/usc/12/4001.md?p=7) to which this paragraph applies shall be available for [cash](/usc/12/4001.md?p=4) withdrawal not later than 5 o’clock post meridian of the [business day](/usc/12/4001.md?p=3) on which such funds are available under paragraph [(1)](#b-1) or [(2)](#b-2). If funds deposited by [checks](/usc/12/4001.md?p=7) described in both [paragraph (1)](#b-1) and [paragraph (2)](#b-2) become available for [cash](/usc/12/4001.md?p=4) withdrawal under this paragraph on the same [business day](/usc/12/4001.md?p=3), the limitation contained in this subparagraph shall apply to the aggregate amount of such funds.
    - (C) **$200 availability—** Any amount available for withdrawal under this paragraph shall be in addition to the amount available under [subsection (a)(2)(D)](#a-2-D).
  - (4) **Applicability—** This subsection shall apply with respect to funds deposited by [check](/usc/12/4001.md?p=7) in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) on or after September 1, 1990, except that the [Board](/usc/12/4001.md?p=2) may, by regulation, make this subsection or any part of this subsection applicable earlier than September 1, 1990.
- (c) **Temporary schedule—**
  - (1) **Availability of local checks—**
    - (A) **In general—** Subject to subparagraph (B) of this paragraph, subsections [(a)(2)](#a-2), [(d)](#d), and [(e)](#e) of this section, and [section 4003 of this title](/usc/12/4003.md), not more than 2 [business days](/usc/12/4001.md?p=3) shall intervene between the [business day](/usc/12/4001.md?p=3) on which funds are deposited in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) by a [check](/usc/12/4001.md?p=7) drawn on a [local originating depository institution](/usc/12/4001.md?p=13) and the [business day](/usc/12/4001.md?p=3) on which such funds are available for withdrawal.
    - (B) **Time period adjustment for cash withdrawal of certain checks—**
      - (i) **In general—** Except as provided in [clause (ii)](#c-1-B-ii), funds deposited in an [account](/usc/12/4001.md?p=1) in a [depository institution](/usc/12/4001.md?p=12) by [check](/usc/12/4001.md?p=7) drawn on a local [depository institution](/usc/12/4001.md?p=12) that is not a [participant](/usc/12/4001.md?p=19) in the same [check clearinghouse association](/usc/12/4001.md?p=8) as the [receiving depository institution](/usc/12/4001.md?p=20) (other than a [check](/usc/12/4001.md?p=7) described in [subsection (a)(2)](#a-2)) shall be available for [cash](/usc/12/4001.md?p=4) withdrawal not later than the [business day](/usc/12/4001.md?p=3) after the [business day](/usc/12/4001.md?p=3) on which such funds otherwise are available under [subparagraph (A)](#c-1-A).
      - (ii) **5 p.m. cash availability—** Not more than $400 (or the maximum amount allowable in the case of a withdrawal from an automated [teller](/usc/12/4001.md?p=22) machine but not more than $400) of funds deposited by one or more [checks](/usc/12/4001.md?p=7) to which this subparagraph applies shall be available for [cash](/usc/12/4001.md?p=4) withdrawal not later than 5 o’clock post meridian of the [business day](/usc/12/4001.md?p=3) on which such funds are available under [subparagraph (A)](#c-1-A).
      - (iii) **$200 availability—** Any amount available for withdrawal under this subparagraph shall be in addition to the amount available under [subsection (a)(2)(D)](#a-2-D).
  - (2) **Availability of nonlocal checks—** Subject to subsections [(a)(2)](#a-2), [(d)](#d), and [(e)](#e) of this section and [section 4003 of this title](/usc/12/4003.md), not more than 6 [business days](/usc/12/4001.md?p=3) shall intervene between the [business day](/usc/12/4001.md?p=3) on which funds are deposited in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) by a [check](/usc/12/4001.md?p=7) drawn on a [nonlocal originating depository institution](/usc/12/4001.md?p=15) and the [business day](/usc/12/4001.md?p=3) on which such funds are available for withdrawal.
  - (3) **Applicability—** This subsection shall apply with respect to funds deposited by [check](/usc/12/4001.md?p=7) in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) after August 31, 1988, and before September 1, 1990, except as may be otherwise provided under [subsection (b)(4)](#b-4).
- (d) **Time period adjustments—**
  - (1) **Reduction generally—** Notwithstanding any other provision of law, the [Board](/usc/12/4001.md?p=2), jointly with the [Director](/usc/12/5481.md?p=10) of the [Bureau](/usc/12/5481.md?p=2) of [Consumer](/usc/12/5481.md?p=4) Financial Protection, shall, by regulation, reduce the time periods established under subsections [(b)](#b), [(c)](#c), and [(e)](#e) to as short a time as possible and equal to the period of time achievable under the improved [check](/usc/12/4001.md?p=7) clearing system for a [receiving depository institution](/usc/12/4001.md?p=20) to reasonably expect to learn of the nonpayment of most items for each category of [checks](/usc/12/4001.md?p=7).
  - (2) **Extension for certain deposits in noncontiguous States or territories—** Notwithstanding any other provision of law, any time period established under subsection [(b)](#b), [(c)](#c), or [(e)](#e) shall be extended by 1 [business day](/usc/12/4001.md?p=3) in the case of any deposit which is both—
    - (A) deposited in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12) which is located in Alaska, Hawaii, Puerto Rico, American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, or the Virgin Islands; and
    - (B) deposited by a [check](/usc/12/4001.md?p=7) drawn on an [originating depository institution](/usc/12/4001.md?p=17) which is not located in the same [State](/usc/12/4001.md?p=21), commonwealth, or territory as the [receiving depository institution](/usc/12/4001.md?p=20).
- (e) **Deposits at ATM—**
  - (1) **Nonproprietary ATM—**
    - (A) **In general—** Not more than 4 [business days](/usc/12/4001.md?p=3) shall intervene between the [business day](/usc/12/4001.md?p=3) a deposit described in [subparagraph (B)](#e-1-B) is made at a nonproprietary automated [teller](/usc/12/4001.md?p=22) machine (for deposit in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12)) and the [business day](/usc/12/4001.md?p=3) on which funds from such deposit are available for withdrawal.
    - (B) **Deposits described in this paragraph 1—** A deposit is described in this subparagraph if it is—
      - (i) a [cash](/usc/12/4001.md?p=4) deposit;
      - (ii) a deposit made by a [check](/usc/12/4001.md?p=7) described in [subsection (a)(2)](#a-2);
      - (iii) a deposit made by a [check](/usc/12/4001.md?p=7) drawn on a [local originating depository institution](/usc/12/4001.md?p=13) (other than a [check](/usc/12/4001.md?p=7) described in [subsection (a)(2)](#a-2)); or
      - (iv) a deposit made by a [check](/usc/12/4001.md?p=7) drawn on a [nonlocal originating depository institution](/usc/12/4001.md?p=15) (other than a [check](/usc/12/4001.md?p=7) described in [subsection (a)(2)](#a-2)).
  - (2) **Proprietary ATM—temporary and permanent schedules—** The provisions of subsections [(a)](#a), [(b)](#b), and [(c)](#c) shall apply with respect to any funds deposited at a proprietary automated [teller](/usc/12/4001.md?p=22) machine for deposit in an [account](/usc/12/4001.md?p=1) at a [depository institution](/usc/12/4001.md?p=12).
  - (3) **Study and report on ATM’s—** The [Board](/usc/12/4001.md?p=2) shall, either directly or through the [Consumer](/usc/12/5481.md?p=4) Advisory Council, establish and maintain a dialogue with [depository institutions](/usc/12/4001.md?p=12) and their suppliers on the computer software and hardware available for use by automated [teller](/usc/12/4001.md?p=22) machines, and shall, not later than September 1 of each of the first 3 calendar years beginning after August 10, 1987, report to the Congress regarding such software and hardware and regarding the potential for improving the processing of automated [teller](/usc/12/4001.md?p=22) machine deposits.
- (f) **Check return; notice of nonpayment—** No provision of this section shall be construed as requiring that, with respect to all [checks](/usc/12/4001.md?p=7) deposited in a [receiving depository institution](/usc/12/4001.md?p=20)—
  - (1) such [checks](/usc/12/4001.md?p=7) be physically returned to such [depository institution](/usc/12/4001.md?p=12); or
  - (2) any notice of nonpayment of any such [check](/usc/12/4001.md?p=7) be given to such [depository institution](/usc/12/4001.md?p=12) within the times set forth in subsection [(a)](#a), [(b)](#b), [(c)](#c), or [(e)](#e) or in the regulations issued under any such subsection.

## Footnotes

[^1]: So in original. Probably should be “subparagraph”.

## Source credit

(Pub. L. 100–86, title VI, § 603, Aug. 10, 1987, 101 Stat. 637; Pub. L. 101–625, title X, § 1001, Nov. 28, 1990, 104 Stat. 4424; Pub. L. 102–242, title II, § 227(a), (b)(1), Dec. 19, 1991, 105 Stat. 2307; Pub. L. 111–203, title X, § 1086(a), (e), July 21, 2010, 124 Stat. 2085, 2086; Pub. L. 115–174, title II, § 208(a)(2), May 24, 2018, 132 Stat. 1312.)

## Notes

### Editorial Notes

### Amendments

2018—Subsec. (d)(2)(A). Pub. L. 115–174 inserted “American Samoa, the Commonwealth of the Northern Mariana Islands, Guam,” after “Puerto Rico,”.

2010—Subsec. (a)(2)(D). Pub. L. 111–203, § 1086(e)(1), substituted “$200” for “$100”.

Subsecs. (b)(3)(C), (c)(1)(B)(iii). Pub. L. 111–203, § 1086(e)(2), (3), substituted “$200” for “$100” in heading.

Subsec. (d)(1). Pub. L. 111–203, § 1086(a), inserted “, jointly with the Director of the Bureau of Consumer Financial Protection,” after “Board”.

1991—Subsec. (e)(1). Pub. L. 102–242, § 227(b)(1)(A), struck out “—temporary schedule” after “ATM” in heading.

Subsec. (e)(1)(C). Pub. L. 102–242, § 227(a), struck out subpar. (C) which read as follows: “This paragraph shall apply with respect to funds deposited at a nonproprietary automated teller machine after August 31, 1988, and prior to the expiration of the 2-year period beginning on November 28, 1990.”

Subsec. (e)(2) to (4). Pub. L. 102–242, § 227(a), (b)(1)(B), redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out former par. (2) which related to permanent schedule for funds deposited at nonproprietary automated teller machines.

1990—Subsec. (e)(1)(A). Pub. L. 101–625, § 1001(1), substituted “4” for “6”.

Subsec. (e)(1)(C). Pub. L. 101–625, § 1001(2), substituted “prior to the expiration of the 2-year period beginning on November 28, 1990” for “before September 1, 1990”.

Subsec. (e)(2)(D). Pub. L. 101–625, § 1001(3), substituted “the expiration of the 2-year period beginning on November 28, 1990” for “September 1, 1990”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 2018 Amendment

Amendment by Pub. L. 115–174 effective 30 days after May 24, 2018, see section 208(b) of Pub. L. 115–174, set out as a note under section 4001 of this title.

### Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

### Effective Date

Section effective Sept. 1, 1988, see section 613(b) of Pub. L. 100–86, set out as a note under section 4001 of this title.