How long does it typically take for a check to be available after being deposited into an account?

Question

I deposited a paycheck into my checking account yesterday and it's been almost 24 hours, but it's still not available for me to spend. This is the first time I've deposited into a checking account and I'm just wondering how long I have to wait until I have the money on my available balance.

My paycheck is a Commerce check and I use Commerce bank, so I'm wondering why it didn't go through right away.

Answer 1

Check with your bank to see what their policy is. There are also laws on how long they can put a hold on the funds. If it's a local check would usually be 1-3 days, often just 1.

Answer 2

All you need to do is cash the check where it was made and then go to your bank where you have the negative balance and give them the cash. So for example, your payroll check is made by Wells Fargo, go to that bank, they'll cash it right away, all you need is 2 forms of ID, this works at mostly all banks. Then go back to your own bank, where it's negative and give them cash directly. Banks can only put holds on checks, but not cash. This happen to me several times, cuz' my bank account was overdrawn a lot, then afterwards the banks wouldn't trust me. It takes a while, maybe 6-months or more before they stop putting holds, but your accounts need to be in good standing or somethin'. If you just go to a teller and give them a check with a bad overdrawn history, they may put a hold on it for like 10 days. You can also talk to the branch manager, tell the person that you've been depositing the same checks all the time, check the transaction history. The branch manager has the discretion to let it go.

Answer 3

well it all depends on commerce's policies which i am not certain of but i do know that unless you have some sort of special arrangement with the bank or you cash the check in and deposit that as cash it will not be available instantly. also it can matter on if you are considered a new customer or not, typically you are new if your account is less than 30 days old. in pnc bank for example, a local check (one from the same region/state, regardless of what bank the check has been made out from) for an "existing customer" will typically take one business day to clear while a foreign check will typically take two business days unless it is a huge check in which case it will take longer. a "new customer" in pnc will typically be double the amount for local and nonlocal. so you can just go check on commerce's policies and find out if the region you opened the checking account in is the same as the region the company opened their's in, a lot of times just read what state is on the address of the check. also if you wish for the funds to be available instantly, then simply cash the check and then deposit that as cash. also remember that banks do not operate on calender days, they operate on business days and remember that once it passes 3:00 pm a lot of banks switch over to the next business day. in your case, if you deposited it after 3 pm on friday then it would be as if the transaction had taken place on monday and tuesday would then be the first business day. for this reason try to get the checks deposited in asap, meaning before the switch over to the next business day, unless the check is postdated in which case you will have to wait.

Answer 4

If it's a check drawn on the same bank as yours, the funds are usually available the same day. If it's another bank in the same town as yours, the funds are usually available within a day or two. If it's an out-of-state bank, it may be a week or ten days before your money is available. Check with your bank to find out. This is a good reason to have your pay direct deposited into your account.

Answer 5

In Canada it is 3-5 days. If it is another currency then it is 10-14 days. You can talk to your bank to have it reduced if you are a good customer. The better idea is to take the cheque to the bank it is drawn on and cash it there at the teller. Or go into your bank's teller.

Answer 6

Anywhere from 1-5 business days.