Thursday, February 11, 2010

How long, on average, would you say it takes for a check to clear if you sent it through the mail to someone?

Sorry, I don't know the bank. I sent it through the regular mail, but express, so how long do you think it would take before it was cleared if I sent it on the 18th? Thanks!How long, on average, would you say it takes for a check to clear if you sent it through the mail to someone?
IF its a local bank, bout week and a half to two weeks. If its a major money stealing bank like BOA or WAMU then a week.How long, on average, would you say it takes for a check to clear if you sent it through the mail to someone?
It all depends on when the receiver deposits it into their bank account. From then it can take 3 to 10 days, but you should consider it deducted from your balance from the day you sent it.


Banks do electronic clearance, and the minute a bank, even in another state, gets a cheque from your account, it is deducted, even if they don't credit the receivers account for several days.
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