은행 예입 수표의 자금화에 관한 연구

When a customer deposits a check into a bank account, at what point does that customer have a right to access those funds? In the United States, the customer’s bank generally gains provisional access to those funds within two days. However, banks commonly put a ‘hold’ on checks in the collection process anywhere from five to twenty days. The reason why the banks are hesitant to let the depositor withdraw the money prior to the passage of the float period is that they fear that the check may be dishonored and that the customer may not be able or willing to redeposit the withdrawn funds. Customers object to long float periods, pointing out that the vast majority of checks written every year are honored. In the United States, for decades, the banks’policy of the delayed availability of fund has been governed by Article 4 of the Uniform Commercial Code, the Expedited Funds Availability Act, and Regulation CC. On the other hand,Korea has no such statutes to regulate the bank’s policy of delayed funds availability. This article suggests that Korea also enacts such statutes to expedite fund availability for bank customers.