Is there a monetary limit you can write on a personal check out of your acccount?

Answer 1

Technically, there is no limit. Most vendors will want a letter of credit for a really large purchase. In many transactions of large amounts, a cashier's check is used.

Answer 2

Personal Check Limit

Answer 3

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RE:
Is there a monetary limit you can write on a personal check out of your acccount?

Answer 4

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Answer 5

Yes, you can't write out more than what you will have in your account when the check is cashed. If you have a hold limit on your account (such as $100 a day and $500 a week, for example) you'll need to go to your bank and have them increase it in order to write a check for a larger amount. Most people who have limits aren't aware until they try spending too much! I suggest you visit your bank and ask a teller.

Answer 6

As long as you have the funds any amount, however the bank will put a hold on the account until it clears. It is also better to have a certified check for large amounts rather than a personal check.

Answer 7

The limit would be how much funds are in your account. If you have $100,000 you can write a check up to that much. If you have $1 you can write a check up to that much.

Answer 8

The limit should not exceed the amount of money you have left in the bank after you have taken in account all of your expenditures. There is however a limit on pulling cash out of an ATM machine, but it will let you make more "transactions."

Answer 9

if your mailing, I suppose not.
But if your giving it to someone in person, They may put limits on it.

Many banks have what is called "overdraft protection" in case you write a check that you don't have enough in your account to cover.

Answer 10

I don't think so but the person cashing may have a hold put on it by their financial institution so that they may check funds to verify the validity of the check etc....