Quote:
Originally posted by speakthetruth
If they are placing a hold on your 6 figure checks you do not have enough $ in the bank. Banking is about relationships, and how much $ you have in the bank. If my bank told me they were placing a hold on any check I would close my account right then and there.
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I've only been with one bank that credited any size check right away, which was an LA bank specializing in the entertainment industry so they got lots of large checks. We usually kept about $250,000 to $500,000 in that checking account. Most banks though do have a policy of 5 to 7 day hold on large checks unless its certified or a cashiers check.