i just went to make a deposit to my account with the check i got from my job and they said it might take a day to clear??!! is this normal? i cant even make a withdrawal?! is this normal??
2007-05-15 06:23:15 · 4 answers · asked by Ask ME 3 in Business & Finance ➔ Personal Finance
i took it my personal bank WACHOVIA
2007-05-15 06:37:52 · update #1
That's normally the case if you take your checks to a different bank than the one that check is drawn on. For instance, your employer has an accout at Wachovia and you have your check cashed at Bank of America. They have to ensure that the check is good before they can give you cash. This doesn't mean that your check is fake. If you want your money quicker, open a checking account with the place your employer banks.
2007-05-15 06:27:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It ain't fake, you just took it to the wrong bank. If you cash it at the bank it was written on, they'll usually give you the cash. If you take it anywhere else, it's just a check and has to clear like any other check. In many states, the labor laws require an employer to give you either cash, or a check that can be cashed same day locally at a designated bank.
2007-05-15 13:33:32 · answer #2 · answered by squeezie_1999 7 · 0⤊ 0⤋
Yes, it is completely normal.
Any time the teller has a slightest doubt about the check, they can put the deposit on on-hold status where the fund isn't released until the check clears. It can happen to any check that is not government issued.
2007-05-15 13:35:11 · answer #3 · answered by tkquestion 7 · 0⤊ 0⤋
Totally normal.
2007-05-15 13:31:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋