Common use of Immediate Availability of a Check Clause in Contracts

Immediate Availability of a Check. This regulation specifically states that in order for a check to be considered for immediate availability, certain conditions must be met. A check deposited must fit the following criteria:

Immediate Availability of a Check. This regulation specifically states that in order for a check to be considered for immediate availability, certain conditions must be met. A check deposited must fit the following criteria:: • The check must be endorsed by the person to whom it was issued. • The deposit must be in an account held by the payee. • The deposit must be made to an employee of the Credit Union.