Quote:
Originally posted by Dagwolf
Anytime I get a (US) cheque from a program they're not familiar with, my (canadian) bank wants to hold the deposit for 30 days to allow the cheque to clear. After about 6 months of good cheques, they'll stop holding them. They say.
So instead I go to a cheque-cashing place and pay outrageous fees and get ripped on the exchange rate. 
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Is this RBOC, by any chance?
I used to have that problem too when my biz account was just getting started and I was still building up my float. Once I got it up to a reasonable amount I went in and talked to the account manager and basically laid it out... cashflow is essential to any business and a 30 day hold on US funds is onerous.
They DO have flexability in how to handle the situation and if you don't come across as some sketchy scumbag looking for an 'angle' they're capable of putting a note on your account saying 'no hold on cheques'.
Worked for me, at least.
