How long would it take a check to clear?

Question

for 4031.00?
Or does it matter on the bank?
Thanks

Thanks!
Its from the same state so I am guessing a few days.
Thanks :D

Answer 1

a few days to three months

You are responsible for all checks you deposit. You are responsible even if checks are returned three months later because the checks or signatures were forged. And it frequently takes that long to discover that, too.

So if someone not personally known to you as a good person with financial resources sent you a check that you deposited and you are 'supposed' to send part of it to someone else -- that's how the scam works to eat your money.

***
a check that you write is legally good for six months in most states, BUT your bank will probably still honor it if presented later than that.


g'day

Answer 2

Actually the government passed the Check21 Law about 3 or 4 years ago which means that checks can clear electronically now -- I In the past people were able to "float cash" while the check was being processed... that process only take 1 or 2 days now regardless of where the bank is... Also, even tho the law passed a few years ago it took a while for banks to switch over....I'd say about 70% of all checks clear electronically now.....

Answer 3

It does matter. If the check you are cashing is in the same state as the bank, then it is an instate check and should clear within 1-2 days. If the check is on a bank from a different state, it is an out of state check and should clear within 3 days.

Answer 4

It depends on a few things.

First, did you write to check TO someone or are you trying to deposit a check written to YOU?

If you wrote the check, it depends on how fast the store/person deposits it. Usually, I would say for a store, about 2-4 days. For a person, it all depends on how fast they get their butt to the bank to cash it.

If the check is written to YOU, it depends on a few things. Is the check an in state or out of state check? Meaning, whoever wrote you the check, do they live in the same state as you? Is it a personal or business check? Do you have enough funds in your bank account to cover the check?

If the check was issued in the same state, it is a local check and usually takes 1 day to clear. If it is an out of state check, it can take up to a week to clear!

If you have enough $$ in the account to cash the check ( you would need at LEAST $4,031) then you should tell the teller to CASH and then DEPOSIT the check. That way, it will be available right that second.

All in all, I would say it will take about 2 days if you are the one cashing it.

Good luck!

Answer 5

They know within 24 hours if it is good but they are allowed to put up to a 5 day hold. Some banks do and some don't, just depends on their policy.

Answer 6

Local checks: up to 7days
International Checks will take up to 1- 3 months to clear.

Answer 7

to save time, ditto the first answer...