Question

question 10 of 10
why would you possibly not be able to use the money from a check that you just deposited in a checking account?

the fdic/ncua has not insured it yet

the financial institution is closed for the day

the deposit has been overdrafted

the deposit is still pending

Explanation:

• FDIC/NCUA insurance applies to the account balance, not individual checks, so this is incorrect.
• A closed financial institution does not prevent future access to cleared funds, so this is incorrect.
• An overdraft occurs when you spend more than your balance, which is unrelated to a new check deposit, so this is incorrect.
• When a check deposit is pending, the bank is verifying the check and the sender's funds, so the money is not yet available for use.

Answer:

The deposit is still pending