Same day funds are money that can be used immediately upon deposit, often through electronic transfers. Federal funds and Clearing House Interbank Payment System (CHIPS) are two ways to send same-day funds. Overnight funds are not available until the next business day. In finance, same day funds refer to money that is available for use […]

Same-day funds are money available for use immediately upon deposit, often through wire transfers. Federal funds and CHIPS are common types, with CHIPS processing payments on a daily netting basis. Real-time wire transfers between account holders are also available, while next day funds are not available until the following business day. In finance, same-day funds […]