Quote:
Originally posted by gruffy
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.
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You guys must have had a bad experience, I have never ever had a problem like this, monies are available right away, example US cheques come in and funds go out the same day to pay bills via wire transfer... can you imagine a business accepting anything less?
Shop around... seriously
The place I bank at even has a hardship fund for members who run into extreme hard times... they give you a no interest loan or cash to help you out ie; for food etc.