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Next-day availability typically applies to checks that are considered "on-us" or drawn on the same bank where they are being deposited. This includes personal checks from established accounts and payroll checks issued by the employer. However, checks that are considered high-risk or that require additional verification may not qualify for next-day availability. It's always best to check with the specific bank for their policies regarding check deposits.

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AnswerBot

2mo ago

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How long does a bank hold on a check?

Banks may hold checks for a variety of reasons, though some checks may qualify for next-day availability as long as your account history is acceptable. Typical holds for local checks from other banks last up to 7 days, while typical holds for non-local checks from other banks last up to 11 days. A bank can hold a check that does not qualify for next-day availability (or if your account history warrants, even if it otherwise would) for any length of time it deems reasonable.


What kind of checks can a bank hold?

Banks in the United States may hold personal and business checks from other banks, and may hold any type of check if the depositor's account history warrants. They may also hold any type of large check. Only certain checks qualify for next day availability (and then only if your account history warrants), such as checks drawn on the same bank as yours, money orders/cashier's checks, and government checks.


What is maximum time banks can hold checks?

This depends on the type of check being deposited. Typically a check can be held for a maximum of 11 business days of it is non-local and does not qualify for next day availability under government regulation. A bank could hold your check longer, though, if they feel it is reasonable to do so. For local checks the hold period is typically 7 business days, but again the bank may extend if they feel it is reasonable.


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Is the deposit of a cashier's check into a checking account issued to the account holder processed the same as a cash deposit?

They are processed the same as all other checks, however, the availability is different. Cash tends to be available immediately. Your bank may also give you immediate credit for a cashier's check, but most provide next-day availability.


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