Unavailable Funds result from holds placed on account funds, which prevent the funds from being accessed or withdrawn for a determined period of time. This can happen for a variety of reasons, some as simple as the time taken to clear a check, to more complex reasons such as lawsuits that freeze an indicted accounts’ funds. Sometimes attempting to use funds that are unavailable can lead to an Unavailable Funds fee.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: