If I wrote out a check and it was deposited on Friday (and the business days for the my bank does not include Saturday and Sunday) when would it clear?
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Thread: The Bank and Checks
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08-01-07, 02:41 PM #1
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The Bank and Checks
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08-01-07, 03:09 PM #2
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Assuming this is a U.S bank and you are not paying for any special check features, it would clear by Wednesday. U.S banks usually take 3 days to clear a check. I believe if the check is a large amount, meaning 6 figures, it may take longer but I am not sure of this.
Originally Posted by petersone
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08-01-07, 10:58 PM #3
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Today is MLK Day. Might be a bank holiday. I don't know. The check could clear on Thursday.
Spammer Spanker
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08-01-07, 11:02 PM #4
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It depends on the location of both your bank and the depositor's bank. If, for example, you both bank with Bank of America, it would clear the same night.
Relax... I'll need some information first. Just the basic facts - can you show me where it hurts?
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