OCC: Depository Services (Savings and Checking Accounts)
The Expedited Funds Availability Act requires banks to use a standardized hold period . bank then debits the payee's account for the amount of uncollected funds. . accounts that require you to leave your funds in the account for a fixed term.

Debit Memo Vs. Credit Memo thumbnail

NBT Bank - Your Overdraft Questions Answered
This term refers to funds you have deposited into your . not available is considered drawing on "uncollected funds.

uncollected funds Definition | Business Dictionaries from ...
Business Definition for: uncollected funds. Dictionary of Finance and I