How long for check to clear in bank account?

Question

I deposited my paycheck in my bank ATM machine around midnight... They released $100,but there is still a hold on $400. They explained the hold was because I didn't have enough already in there to cover the total of the check $(500).. How long before they take the hold off?? It's a corporate check from Wendy's restaurant.. So it's legit. I did this same thing last payday,and they held some of the check,but released all funds within 12 hours.

Thanks!

? · Answer

Banks usually make $ available within 24-48 hrs. Timing depends on a number of variables, including the type of check deposited and whether or not you made the deposit in person.

There are regulations on how long a bank can hold money for each type of deposit.  If you make a deposit that doesn't fall into a category where the full amt must be made available by the next business day, then the bank is required by law to make the first $100 available.

falsi fiable · Answer

Banks usually place a hold of two full business days on check deposits. Your bank is being a little lenient by giving you immediate access to that first $100.

http://en.wikipedia.org/wiki/Regulation_cc

Tricia · Answer

its the policy of the bank. end of discussion. most ,if not all banks do this. if your so special, find yourself a bank that does not.

? · Answer

yes

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How long for check to clear in bank account?

4 Answers