Why does a cheque take several days to clear?
824400
the continuous audit and buying processes at the clearing houses takes time
81635
That sounds to me like he was late and if there are strict guidelines to putting in the time then you'll have to wait.  The company does have expenses related to processing payroll and holding things up for 1 check could prevent the entire company from getting paid (many payroll processing companies require 1 to 2 days).  \n\nIt sounds to me like a big company that doesnt really care about their employees to me though.\n\nSource - i run a payroll processing company.
11188
It should not make a difference. If you make a deposit  on a sunday, it will appear on your statement as dated for the following business day. Keep in mind that the bank can hold the check for up to 10 days before making the funds available to you - you can assure that this does not happen by asking if the funds are going to be available for immediate withdrawl - of course only if you deposit it in person.
789438
yes. if they get the check even one day late then you are late. and you are not late by one day, but are considered late by 30 days. you should always mail the payment at least 5 days before the due date.
618464
Yes, it is a SCAM!  \n\nThe cheque will be bogus and will take longer than usual to clear.  When it does, it will bounce and be charged back to your account.  You will now owe your bank $3500 for the bad cheque, as well as various bad cheque fees.\n\nBy then, you will have taken the cash and wired it off via Western Union.  Once the money is collected on the other end, there's no way to recover it.\n\nThey might tell you the city for pickup, but they can actually  collect the money anywhere in the world.  They will often tell you to set a password to release the funds on the distant end.  When you do that, they  won't need to show ID to collect the money.\n\nDon't have any further contact with this person!  Block their e-mail address.
815255
if it looks too good to be true, it is\n\nwhat they do is ask for you to pay for the special courier service to get your cheque to you and you get a choice of next day, three day or five day service and guess what???\n\nno cheque
1116993
You need to call your bank in the morning. If you just recently paid a bill it may have not gone through yet. Is your check direct deposited? If so it may not be cleared until Monday. My son-in-law had that problem and ended up with about 3 hot checks to pay for. Call your bank and ask about it. I would not write any checks, even Friday, until you find out if it is cleared.
790331
I work at a bank and let me tell you, this kind of question is SOO annoying haha...but in your case it's not because you're not calling the bank to ask! \nWhen the check is going to clear, really depends on your land lord and when he/she deposits the check!  Generally it takes up to 3 business days for a check to go through once it's presented to the bank.  That could vary depending if you use the same bank which would make it faster, if their bank it's not local it could take up to 5 business days and also what time your bank's cut off date is.  Where I work any debits can present to your account up till midnight so that gets a lot of people into trouble. \nIf you have overdraft protection then that's your saftest bet.  It's only a $200 difference.\nGood luck!
1115094
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.
1050103
You can place a stop payment on your check. A check is considered "Staled Dated" after 6 months. Our tellers here where I work are not to take a check dated older than 6 months. some check have a void after date, but on a personal account it is 6 months. I hope this helps you my friend.
144591
If you e-file it takes 3-4 weeks for a paper check. 8-15 days for direct deposit.\nIf you mail in the return then it can take up to 6-8 weeks.
449179
It's all about whether they can determine if you wrote those checks to commit fraud or not.  People make honest mistakes with their checking accounts and the government is very forgiving on those occassions.  Most companies will send the check off for collection.  The agency will give you about 30 days from the day you bounce the check to settle it with them, plus the bounced-check fee of course (usually 25-35 dollars).  If you settle the amount or at least arrange a payment plan, they will NOT send this off to the county prosecutor.  Once it DOES get sent off, even the prosecutor will give you ample time to settle your case out of court.  If you still ignore this and let it get into the court system, well, then you're pretty much screwed.  \nAnother thing, bouncing checks will get you blacklisted in Chexsystems which is a nationwide service used by all banks to monitor your check writing habits.  Once you're on this list opening a bank account will be close to impossible for about 5 years.  Even when you settle and pay for the check, they are not obligated to take it off your record.
853228
If the payment is applied to your account today, then you can. Sometimes it takes a couple of days (especially if you are paying by check or through the mail), then it can take a few 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.
876891
You can ask for counter-cheque from them, 3 or 4 cheques at a time. they have to give it to you. Its free~\n\nIts just another way to get chqs, if you don't need styling
142571
Most likely not. If you have an account at another bank, you could deposit it but even then there may be a hold for a day or two. Another option is going to a check cashing place but they take out a certain percentage.
864588
It could be either, but in general they use the average daily balance.  Otherwise, you could deposit $100,000 at the end of the month, get full interest on that, and then take it out again 2 days later.  Banks don't like that kinda thing.