What Type of Account is Undeposited Funds Quizlet
**Undelivered Funds Account (UFA)** An Undelivered Funds Account (UFA) is a temporary holding account used by financial institutions to store checks, electronic funds transfer (EFT) payments, and other funds that cannot be immediately credited to the intended beneficiary’s account. **Key Features:** * **Purpose:** To safeguard funds until specific conditions are met or verification processes are … Read more