The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SAME DAY FUNDS Definition & Legal Meaning

Definition & Citations:

Money that is available for transfer or withdrawal the same day it is deposited as opposed to the next business day. This may include fed wired federal funds or clearinghouse interbank electronic transferred payments.

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This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.