2006-11-12 12:27:54 · 5 answers · asked by mellylaine80 1 in Business & Finance ➔ Credit
Usually about 8-15 working days, but will vary by bank. The check has to go through three key processes due to its large size. First, US commercial banks usually put them through special processing - basically another layer of making sure it is $13,000 instead of $130.00. Secondly, all transactions larger than US$9,999 have to be registered with the US Treasury due to anti-mone laundering regulations. This adds another layer of processing. Third, the bank will usually send you a notification of the clearing of the large transaction, which doesn't happen in small deposit transactions.
2006-11-12 12:39:12 · answer #1 · answered by csanda 6 · 0⤊ 0⤋
About 5 to 10 days depending on the bank. If you have an account they may put a portion in it right then You should deposit it in the bank not the ATM if you want to see if some can go in the account today.
2006-11-12 20:30:44 · answer #2 · answered by sideways 7 · 0⤊ 0⤋
My bank takes 5-7 business days. If you have been a customer a long time they might let you have some of it now and if it is a cashier's check you can get it all right now.
2006-11-12 20:31:38 · answer #3 · answered by chr1 4 · 0⤊ 0⤋
My dad says 5-7 days. Usually they will release some $ (like 2000) but it depends on how much you have in your account.
2006-11-12 20:29:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If its an unusual transaction for your particular account, they could really take 10 business days......by law that have to release a nominal amount in a shorter time....
2006-11-12 20:31:03 · answer #5 · answered by Paula M 5 · 0⤊ 0⤋