about how long do personal checks usually take to clear?

Question

how many days or weeks.

Answer 1

With "Check 21", which is essentially a scan of you check to your banking institution - it is theoretically possible to clear within one day - although two to five is more common. I recommend against floating, as the fees you will incur are not worth the gamble.

Answer 2

If it's an in-state check, just a couple of days. Sometimes an out-of-state check takes longer--up to 10 days, depending on your bank and the type of account you have.

Another thing to remember is, a bank may "clear" a check and put money in your account but find out a week later that the check was, in fact, no good. The bank has the legal right to dun you for the money. If you have a question about a check, talk to a manager at your bank before cashing it.

Answer 3

Depends on where they're being sent. If you write a check to a friend and he/she cashes it that day, could be as quick as 24 hours. If you write a check at the grocery store, they use TeleCheck to clear it immediately. If you're paying a bill and the check doesn't have to travel far through the mail it should clear within a week, but if it has to go to the other side of the U.S. to get to the billing office, could take a week or two.

Answer 4

i think 2 days for a local check and about 4 days for an out of state check.

Answer 5

5 days to be particular. See "Expedited funds Availability Act" - Federal regulation enacted by technique of Congress in 1987 proscribing verify Holds on checks deposited right into a economic employer account, and requiring banks and different depository economic establishments to persist with a uniform funds availability time table in processing checks or drafts deposited into an account. lower than the Expedited funds Availability Act, the first $one hundred of a verify is to be accessible for use on the hollow of organization the day after a deposit is made, perfect funds on the 2d day after the deposit if payable by technique of a community economic employer, and interior 5 days if drawn on more suitable distant banks, after September a million, 1990. funds deposits, U.S. Treasury checks, good economic employer checks (cashier's checks, qualified checks, and teller's checks), and checks paid by technique of authorities agencies are also protected in checks concern to next day availability. The Expedited funds Availability Act is carried out by technique of Federal Reserve regulation CC.

Answer 6

In today's world 12-48 hrs after submission by the recipient to the bank [most are handled electronically, hence the short time span]

Answer 7

in australia 5 working days.