why do banks process check before deposits?
832451
The order of entry shouldn't matter.\n\nThe order of processing should.  Deposits should be accounted for so when the checks are run, there is money (hopefully) to cover them.
769499
They don't actually hold it, they wait 10 days to give the money "hold it". They cash it first (send it to the originating bank right away) and wait for the funds to be ok'd to get paid...........to make sure the check is good. Then they deposit the money in your account. If it's bad it comes back bounced or NSF and they notify you.\n\n\n============================
723750
Some banks are set up to do this and some are not.\n\nYour bank should tell you.\n\nIMHO it is no different than sending a check.
426451
There are a few mothods.\n\nDepending on whether the retial outlet has a check verification system, they enter your detials on the system and verify the check.\n\nSecondly they stamp the check, which may be manually or via their cash register.  \n\nAt close of business all checks collected during the day are deposited into the bank.\n\nFrom that point onwards the Bank clearing systems handle the checks
257791
yes of course. A money order is the same as cash! There are no holds put on it like a check. SO there is no waiting periond for it. All you need to do is depsit it as you would cash! It will be in your account w the same speed as if you were dpositing cash ans it is actually safer then depositing cash if you are doing it in a night drop. This way you actually have a reciept of this cash so there are no descrepencies if the bank tries to claim it was never recieved!
867569
Demand deposit account
440054
Money Orders and cashier checks are preferred because they are backed up by the institution that wrote them. The financial institutions only issue them when you have the money in your account or when you paid for it there and then. For example if the bank wrote you a cashier check, they withdraw the money out of your account onto the check. Disadvantage is when you lose the MO and you didn't write who it's made off to. YOU LOST THE MONEY. Someone can write it to themself.
625103
It depends on when the person deposits the check and what bank they use.  If they use the same bank as you, the check should clear on the same day.  If they use a different bank, it could take 2-3 business days.
920756
I have been depositing cash as well as checks through my bank's ATM now for almost 5 years and I haven't had a single issue. They are normally credited to your account the next business day, though. For paychecks, I would look into firect deposits - where your paycheck is electronically transferred straight to your account. That makes the funds available usually at 12:01am of the business day it is scheduled for - a little sooner than most people are used to. All in all ATM deposits have been quite reliable for me.
773468
Call your bank, they have copies of all checks written and deposited. They should be able to get if for you quickly and with minimum effort.
961764
Most banks sell Cashiers Checks instead of money orders - basically the same thing but easier to cancel, trace or replace.  Your also paying for the banks time which they consider more valuable.
499975
All banks verify new accounts.  They have to because of the level of fraud they are exposed to.  \n\nIf you're trying to avoid something from coming up, the best way is to go deal with the problem so you can show that while it did happen, you resolved it.
939591
When A deposits a cheque in to his account in the bank for local collection.then it is sent through clearing for claiming money from the concerned bank by the bank in which A deposited a cheque for crediting to his account.After getting money from that bank A`s bank will credit the amount to A`s account.Normally banks do not allow you to withdraw the money before three days from the day it was deposited.We can also say after collection of money from the concerned up to next day you are not allowed to withdraw the money.The bank thinks that in case the cheque comes back with objection they will be in trouble,that is why they do not allow you to withdraw for three days.The total procedure may take 3-4 days.
384561
I love your question. Banks do make errors on occasion, but I would bet on there being a mistake in your calculations.\nAssuming that you have checked carefully each of your deposit and check amounts to be sure they agree with the bank's numbers, why not take a trip to the bank and ask customer service to help find the discrepancy.\nIf it's in your records or theirs, you'll be able to find it.
573194
make sure to get plenty of checks
22499
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.
1087719
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.