Tuesday, February 23, 2010

Does anyone know how many business days does a check clear?

There are two things you need to be aware of. Banking regulations require banks to make funds ';available'; within a certain number of days depending on the amount and type of check. However, this does not mean the check has ';cleared';. A check can actually take up to about 10 days to clear depending on the bank involved.Does anyone know how many business days does a check clear?
Cheques usually take till about the next working day to clear. But that will vary from country to country at times. It's not always 2 working days.





There are times when it takes longer. Especially if the amount is big. The banks will need to do a credit check then first. That can take slightly longer.Does anyone know how many business days does a check clear?
It can clear instantly. It can take five or six days or even more. It depends on the bank you're cashing it at, and the bank it was written on.





Sorry. I know you wanted a definite answer, but there just isn't one.
It depends on the amount and the bank but usually it clears in about 2 business days.
Varies by Bank Bank of America held an out of state check for 10 days. Needless to say I no longer bank with them
Yeah usually 2-3 days. Maybe a day longer if you mailed the check

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