It varies with the store. Each store deposits their money differently. Most major stores will deposit their money on the same day, meaning it gets posted the next business day or they deposit the money the following day, which makes the posting two days later. Smaller retail stores post as little as once a week and then you will have to wait longer. Although they say the process is faster, it almost always takes about the same amount of time as a regular check.Approximately how long does it take for an electronic check to clear?
Like right then like a credit card purchase.
Up to 4 business days, but as early as same day.
It takes around 1 to 2 days to clear.
All of mine are cleared by the next day, same day if I do it before 10 am
I've always been told that it cleared right then, like a debit card.
couple days
It is my understanding that it clears on the spot like a debit card transaction - that if you do not have the money in your account when you hand them the check (and they put it through the cash register) that the register will not accept the check. Just to be on the safe side, when you are shopping at a store that uses the electronic check method, it is best to make sure that you have the money in your account to cover the check before presenting the check to the cashier. That way, you save yourself the embarrassment of having the cashier hand your check back to you and telling you that the register won't accept your check. Plus, if you don't have cash with you, or a credit card or some other way to pay for your purchases, then you are forced to leave your merchandise at the check out stand and walk out of the store embarrassed and empty-handed.
I beg to differ with some of the other responders, an electronic check is treated as a debit transaction and will post that day or the next. Your bank may not show the transaction on their web page until 3-4 days but the funds will be deducted the day of the transaction or the next.
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