"When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin "A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler
Yea I did a check for 150k one time, and the bank held the money for nearly a week, even after confirmation... I thought it was shady as heck.
"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
-- Thomas Jefferson, 1 Thomas Jefferson Papers, 334
I bet that PO Box is running over now. You know every money hungry, sob story, conniving thief and general leg humper is going to be trying to come up with something that would strike a nerve of the guy. In hopes he turns loose of a small chunk of what's left.
Yea I did a check for 150k one time, and the bank held the money for nearly a week, even after confirmation... I thought it was shady as heck.
I turned in a check the other day for $500. I used the mobile deposit app on my phone. So they hold the check for 10 business days. I finally called them and found out that they thought it was for $50k and were taking the money out of the account. Customer just thought it was funny and said he would improve his hand writing next time. Apparently he had more than $50k in that account so it would've cleared. Im glad I called because Im sure he would've flipped out.
Iv noticed that banks will cash a check as soon as I deposit it and hold the money for several days to "verify". Best I can figure is the bank holds the money for a few days to make money off of it some how.
Iv noticed that banks will cash a check as soon as I deposit it and hold the money for several days to "verify". Best I can figure is the bank holds the money for a few days to make money off of it some how.
Banks are covering themselves. A returned check normally takes 3-5 business days to come back, sometimes faster if it's a large bank on image exchange. Checks clear much faster than they did a decade ago due to the check 21 act
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