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Originally Posted by BusterPorn
Just don't switch to WAMU (Washington Mutual). They suck too. Make a deposit over $25,000 and they hold your money for 10 days before you can use it. Oh wait, my bad they let me use $100 immediately.  Needless to say the check I deposited cleared within 3 days yet for the remaining 7 business days they made money off my money that I was not allowed access too. Now, if it was some shit company check I can undersatnd but it was form a Fortune 500 company that has plenty of money. So WAMU can  |
Unfortunately, that's any bank. It's because it was a large amount ... I got my student loan check and it was for such a large amount BofA held it for 10 days. I did my research and most banks do hold it for 10 days when it is that large of an amount.
However ... BofA holds most checks for a couple of days if you deposit them inside the branch or whatever ... but if you deposit them in an ATM, you have access to your funds the next day.