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NOTICE OF FUNDS AVAILABILITY AND RELEASE OF REQUEST FOR APPLICATIONSTO: All Counties, Counties Acting Jointly across the state, and City Mental Health/Behavioral Health Departments FROM: Toby Ewing,
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A notice of funds availability is a notification issued by financial institutions to inform customers about the availability of deposited funds for withdrawal.
Financial institutions that receive deposits are required to file a notice of funds availability to comply with federal regulations.
To fill out a notice of funds availability, include information such as the date of deposit, account number, amount of funds available, and any applicable hold periods.
The purpose is to inform depositors of when they can access their funds and to explain any holds that may apply to those funds.
Required information includes the date funds were deposited, the amount deposited, the total amount available for withdrawal, and any holds placed on deposits.
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