Monday, February 22, 2010

How long does it take for a check to clear?

Im wanting to pay my cell phone bill by check and im wondering how many days it will take for the check to clear? like when it will be taken out of my checking account?How long does it take for a check to clear?
How long a check takes to clear depends on how far away it is from a clearing bank. Please note that check ';hold'; times and the time it takes for money to be taken out of your bank account are two separate things. There are situations when the money can be removed from your account within hours, while in other circumstances it may take months. The ';hold'; time is set by law and is based on such things as whether a bank is local or out of town and how long you have had accounts with a bank.





Below is a link to an article written on this subject by a former teller. Although the article is mildly technical, if you read it and understand it, you will be a very difficult person to steal from:





http://www.associatedcontent.com/article鈥?/a>

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