A check has cleared when the money has been successfully transferred from the payer's account to the payee's account, and the funds are available for withdrawal. This process can take a few days, depending on the bank's policies and the method of deposit.
If they now wish you to send them some of that money before that check clears it is. Take the check to the bank. Deposit it. Wait. If it clears, great. If not, you're no worse off. But do not send any money to them or personal information.
Yes, you can deposit a million dollar check into your bank account, but the bank may place a hold on the funds until the check clears, which can take a few days to a week.
Yes, you can open a bank account using a personal check as the initial deposit. The bank will typically require the check to be from an account in your name and may place a hold on the funds until the check clears.
No. Because the check may "bounce", you have to wait until the bank clears the cheque and get the promised funds into your account. A cheque is a "promise" to pay, not a payment of actual money. In some countries (but not all) it is illegal to write a false check promise.
You can know if a check has been cashed by checking your bank statement or contacting your bank to inquire about the status of the check.
If they now wish you to send them some of that money before that check clears it is. Take the check to the bank. Deposit it. Wait. If it clears, great. If not, you're no worse off. But do not send any money to them or personal information.
Cost-per-check account
Not entirely sure what you are asking, but if you were told you won a sweepstakes, just know that you should NOT send any info or money to them. If you do, you will not get a check. If anyone has any real check for you, they'll send it at no cost to you. And wait until that check actually clears, and your own personal bank tells you it clears, before doing anything else.
it is clears that people know the diffrence between sodas
It means writing a check knowing you have insufficient funds and hoping you can make a deposit before the check clears.
If you recently deposited a personal check into your account, the bank will let you use $100 immediately by law. Until the rest of it clears however, it may show up on your bank statement as a "memo debit" until the check clears. For example, you deposit a check for $800. $100 is made available to you right away, but $700 will appear as a memo debit. Once the check clears 3-11 days later, that amount will disappear from your Pending debits and you will have access to the full amount of the check.
It depends on where the check is from. Usually three business days but if the check is from another country or an unknown bank, it may take longer.
It generally takes 2-3 days from the time the check is deposited until the time it clears. This can vary from bank to bank.
The bank will credit maria's account and debit Jack's account
Federal reserve banks do not "clear" checks. That is done by the bank that the check was written on.
Yes, you can deposit a million dollar check into your bank account, but the bank may place a hold on the funds until the check clears, which can take a few days to a week.
The population of St Clears is 2,820.