Quote:
Originally posted by Kimmykim
You guys realize that American banks can and will hold American checks as well?
On out of state checks, checks that are written and not printed, personal accounts, basically anything they want to, they are only required to make like the first 100 bucks available instantly and can hold the rest for between 3 and 10 days (or until they've cleared)
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It's law in Canada that US or "foreign" cheques valued at over $200 are held for 30 days if they are deposited in a Canadian bank account.
ZERO of that is available for 30 days, usually it takes 40-45 days if you are dealing with a crooked bank like Amicus/CIBC.
All the while they are collecting interest and making a fucking killing on converting the US funds you just handed them.