If you are transfering a large sum of money from your own account to someone else and the government puts a hold on it how long generally does the government have to research and release that money?
213378
No such thing. Your money is your money. You give it (the money) to someone else - it is their money. End of story.\n\nIf the sum is small or large will make no difference. If you gave your friend a check to deposit - then the bank will have a hold (which depending on where it is drawn, can be up to 10 days) on the account until the check has been cleared.\n\nDon't forget (and make sure the bank knows) that it is your (or your friends) money!\n\nGood luck
496755
If the payment you sent was a cheque or money order or postal order, then it would have taken a couple of days to clear out of your bank account and then a few more days to show on the finance company's account. This is not the finance company's fault and, unfortunately, you are responsible for any charges this incurred.
135836
I've had an account with ING for 3 years or so. No problems, just be aware that if you need the money out of savings, it takes 2-3 business days to transfer back to your checking account. But where else can you get 4% on a savings account?
8319
When someone deposits a check to their bank it gets "cleared" on two sides, your bank being one and their bank being the other.\n\nWhat happens is his bank sends your check (or possibly an electronic copy these days due to the Check 21 law) to your bank for payment.  Your bank then credits his bank the funds through the Federal Reserve.  His bank would then credit his account the amount of the check.\n\nDepending on the funds availability policies of their bank it is possible that the funds were deducted from your account by your bank and held by the recipient's bank for several more days.\n\nThat being said, a 14 day hold is very unlikely.  Even from the 12th to the 21st is a long float period.
143522
None really. In theory there is some gold in Fort Knox and every time money is printed it's secured by the gold. In truth, the treasury can do whatever they want. They have a theoretical endless amount of money. Of course, if they print/use too much money - they'll cause inflation that that in turn will lower the purchasing power of that money so the government should be cautious about that.
324805
The answer to you question depends on what state and city you are in, how the contract was written, and how the money was transferred.\n\nAll of these details are totally beyond the scope of what anyone on Yahoo should be answering.  You need actual legal advice from a lawyer familiar with these matters in your area.
44659
If you keep the money it's capitol gains.  If you buy another house or put it into certain accounts that give you a break it's not capitol gains anymore.  You'll need an accountant though because lots of this depends on your income and everything else involved.
608888
They should clear the next day. It is a government check. However, call the bank to verify.
616573
In the finance world there is this little report that aggregates all\nyour deposits to find out what is coming in just in case someone\ndoes exactly what you are talking about.  The CTR (Currency Transaction Report) used when a cash deposit of 10,001.00 or more is filled out so that the gov. can locate where they suspect money laundering  may be happening.  If you make two deposits and they equal 15K in a week or even a longer period, you may not have a CTR filled out on you but there is a report for aggregate deposits that can be pulled and usually is standard for EOM (end of month).  Oh, the CTR is not usually filled out by the customer/member but by the employee helping you.
458487
that's how they keep money in the bank. There is actually never the amount of money in the bank that you and everyone else deposits. If everyone withdrew their money in one particular bank at the same time, the bank wouldn't be able to give you all your money. They need insufficent funds fees and monthly fees for accounts to be able to cover that money
18891
Move your money into your checking account and then write a check for the full amount in the account. Beyond that you really don't have to do anything if you don't want to. You could send them a letter after the fact informing them that your account is now closed. It's your money and you are the boss of it. Good Luck in your maybe move.
155327
I don't think there is a limit. If it is over $10,000 you will need to report it to the governement.
92521
If it is not your banks atm, then you are "borrowing" another banks money, literally.  They count that stuff and put it in there themselves.  So they have to contact your bank and your bank has to wire it to them (of course a pc does this).
159662
Nothing is Free.  Someone has to pay for it.  Usually, it is money taken from one person and given to another person, who has a greater need , or the government thinks has greater merit.
171689
It doesn't matter where the funds are from.  The account is what is restrained.  If you get the check issued directly to you and cash it out then you'll get to keep it, but once it's in the account it's just "your" money and there's no difference between it and any other money even if there is no "other" money in the account.  \n\nThe only way to protect the check is not to have it put into the account.
201753
If you owe someone (or a company) money & they go through the "legal system" to establish their claim... then ulimatly the origin of the funds (SS) is not an issue. Your money becomes theirs.
633227
They send you checks which you deposit into your checking account.  You then have to immediately write checks to another account.  The problem is, the checks they sent you bounce in a few days and they've stripped your own account out of all of its money and you get penalized by your bank for writing bad checks.