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Originally Posted by Hornydog4cooter
Just got back from 2 diffrent banks and was told it will take 7 days for my sponsor's out of state checks to clear. These checks were from 4 diffrent sponsors. Both banks told me some new law with the patitrot act is being fully infoced now. So if you make a out of state deposit the check will be held for 7 days. So if you are looking foward to having your money the next day it will not be there. Just a heads up for you guys  |
Mine go str8 in. Banks lean on the Patriot Act all the time. Sometimes they seem to be making up their own rules. They tell employees, it's the law and they believe. Then pass BS down to you. Ya just need to get the facts right on the law and then have a talk with a bank officer.
My go str8 in cause of my relationship with the Bank. They have rights to hold a check per federal law. The amount of time depends on the size of the check. Also you have rights to some of that money right away, again depends on the size of the check.
Now if you have $15 in your account and your deposit is that $35 ccBill check, well.....
This is not legal advice, I am not an attorney.