Saturday, February 27, 2010

How long does it take a check deposited in the US to clear drawn on a Canadian bank?

Even though we share a border, a check drawn from a bank in Canada is still considered to be international. Most banks state that it may take 10-15 business days, which translates to as long as three weeks. This always seems excessive to me considering that these transactions are done electronically, however that is the way that banks CYA.

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