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You call the bank to ask you balance The bank says your balance is $1000 They then say huh have $2000 in uncollected funds.The funds will credit to your account in five days

User Drew Jex
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1 Answer

3 votes

Answer:

$1,000 available to spend in your account today

total of $3,000 to spend in six days

Step-by-step explanation:

given data

as bank balance = $1000

uncollected funds = $2000

to find out

How much money do you have available to spend in your account today

and How much money do you have available to spend in six days

solution

An unlocked fund means money you have deposited in your account, but you have not accessed it yet. The bank has had the money for some time. This is usually the case when you deposit a check, because your bank needs to make sure the check money clears another account before you can withdraw it.

User Totok
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