An unavailable funds fee is a penal fee applied by a bank to a client's transaction account when a transaction is posted to the said account that has a negative available balance, regardless of if the account factually contains a positive physical balance. The fee is distinct from a non-sufficient funds fee, as there is a positive physical balance but some or all the funds are on hold (meaning that the balance is not yet available).
An unavailable funds fee is a penal fee applied by a bank to a client's transaction account when a transaction is posted to the said account that has a negative available balance, regardless of if the account factually contains a positive physical balance. The fee is distinct from a non-sufficient funds fee, as there is a positive physical balance but some or all the funds are on hold (meaning that the balance is not yet available).
Source: Wikipedia "Unavailable funds fee" · CC BY-SA 4.0
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