If I was to write a check Sunday would it get to the bank before Tuesday the 3rd ???? can some one please tell me
2006-09-30 08:33:09 · 12 answers · asked by wicked_korn066 1 in Business & Finance ➔ Personal Finance
most likley not, They would deposit it in their bank on Monday and it would clear your bank Tuesday - Thursday. Most checks take 3 days and longer to clear. Good luck, I know all about doing that.
2006-09-30 08:36:06 · answer #1 · answered by Barbara C 6 · 0⤊ 0⤋
I have been in banking all my life and can tell you that it is a possibility. If the financial institution you do your banking with participates in Check21, a government program that allows financial institutions to clear checks more easily by providing a copy of the physical check versus the actual check...just to sum it up, than it is feasible. However, I don't know whom you made you check payable to. Was it is a bill that you were paying with a vendor of some sort? Like the energy company. If it is was than that company just like a person, would have to deposit the funds into their business account and wait for it to clear. Also, the federal reserve (The institution that ultimately processes all bank drafts by check) is closed on Sunday. With all that said, then sorry to say yes the check could post before Tuesday. More than likely, it would post Tuesday. Just don't write a check if you don't have the funds available.
2006-09-30 08:43:22 · answer #2 · answered by CNKCKFIL 2 · 1⤊ 0⤋
Alot of times... when you write a check to a store.. they run the check and it's already on its way to being cleared by midnight of that night.. They check and make sure the funds are available in your account at the time of you writting it...
If you have online banking.. that's easiest to see when you write a check or make a purchase with your debit card.. you'll notice that establishment's name and then a small sum next to it.. It's called a hold..
I hope for you it doesn't bounce but as the other person said.. they passed the law so us folks who live paycheck to paycheck can't buy groceries on wednesday even though we don't get paid until friday.. Gotta have the money in the bank for what you're writting a check for.
2006-09-30 08:43:05 · answer #3 · answered by SassySista 3 · 0⤊ 0⤋
Very good possibility. Depends on how quickly the person you wrote the check to gets to the bank.
2006-09-30 15:07:39 · answer #4 · answered by kerry77 3 · 0⤊ 0⤋
like I said on your other post, most places cash checks electronically so it really isnt a matter of is the check will get to the bank as most checks are simply destoryed, some places take your check, process it then hand it right back to you. So yes, your check will bounce
2006-09-30 08:41:13 · answer #5 · answered by neversummer187 2 · 0⤊ 0⤋
A new law was passed to prevent "kiting" checks in scenarios just as you described.
It will bounce on Monday - don't be fooled. The only way it wouldn't bounce is if the store/person to whom you wrote the check did NOT deposit it until Monday 4pm.
2006-09-30 08:40:22 · answer #6 · answered by Paula M 5 · 1⤊ 0⤋
Depends on the person you are giving the check to. If they take it to your bank on Monday then it probably would. If they don't take it until Wednesday, then no. Too many variables to really know.
2006-09-30 08:36:33 · answer #7 · answered by freaking_morons_ugh 3 · 0⤊ 0⤋
Yesh
2006-09-30 08:36:55 · answer #8 · answered by Pauline 5 · 0⤊ 0⤋
It probably won't get there by Tuesday, but you never know. By the way...the word is 'bounce'..duh!
2006-09-30 08:35:12 · answer #9 · answered by girlonline64 5 · 0⤊ 0⤋
it depends how your righting ti to, if you dont have to right the check on sunday weight other you might get introuble
2006-09-30 08:41:30 · answer #10 · answered by steph t 1 · 0⤊ 0⤋