Check Clearing

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  • jmayer21
    SBR Rookie
    • 05-27-07
    • 34

    #1
    Check Clearing
    This may be more of a banking question...but if I receive a check for my withdraw, how long will it take to clear?
  • BatemanPatrickl
    SBR Posting Legend
    • 06-21-07
    • 18772

    #2
    Originally posted by jmayer21
    This may be more of a banking question...but if I receive a check for my withdraw, how long will it take to clear?
    Ask your bank but I would not use the funds until I was 100$ sure it had cleared.

    Comment
    • JBC77
      SBR MVP
      • 03-23-07
      • 3816

      #3
      I cant recall the term.....but if you are in the U.S and the check is drawn on an overseas account I believe it can take up to 60 days.

      Domestic checks are in the ballpark of 2-7 business days, so scratch the weekend when your counting.
      Comment
      • jmayer21
        SBR Rookie
        • 05-27-07
        • 34

        #4
        Im an american, withdrawing 5,000 from the greek...how long do think it would take the check to clear?
        Comment
        • BatemanPatrickl
          SBR Posting Legend
          • 06-21-07
          • 18772

          #5
          Originally posted by jmayer21
          Im an american, withdrawing 5,000 from the greek...how long do think it would take the check to clear?
          Ask your bank; only your bank can provide the correct answer. Now you know and knowing is half the battle
          Comment
          • JBC77
            SBR MVP
            • 03-23-07
            • 3816

            #6
            I haven't taken money out of the greek since Neteller f!@#^ed us, so I'm not familiar with there checks. When you bring it to your bank they will give you the low down.

            PB....say no to cubicles.

            Say yes to corner offices with windows and closing doors. PB....you got your own office?
            Comment
            • BatemanPatrickl
              SBR Posting Legend
              • 06-21-07
              • 18772

              #7
              Originally posted by JBC77
              I haven't taken money out of the greek since Neteller f!@#^ed us, so I'm not familiar with there checks. When you bring it to your bank they will give you the low down.

              PB....say no to cubicles.

              Say yes to corner offices with windows and closing doors. PB....you got your own office?
              Not yet my friend; I have to babysit the breast feeding babies so that they are not texting their needy girlfriends every minute. Last time I checked, 15 year old emo kids were the only ones who sent text messages every minute.

              I get no respect around here.
              Comment
              • Justin7
                SBR Hall of Famer
                • 07-31-06
                • 8577

                #8
                There's federal law detailing how quickly banks have to clear checks. For US checks all the money has to be cleared within 5 business days. I'm not sure how long it is for international.
                Comment
                • louis
                  SBR Wise Guy
                  • 09-23-06
                  • 763

                  #9
                  Even though the greek is an international company, in almost all likelihood they are using a payment service that is using an American Bank account (7 digit routing number). These checks will not take more than 5 days to clear. If you have a good relationship with your bank they may give you some of the money immediately.
                  Comment
                  • brismi
                    SBR Rookie
                    • 01-29-07
                    • 16

                    #10
                    cash it at a grocery store of something, that's what i do, thsi wasy if it is bogus, you still get your cash, just don't give a thumb print
                    Comment
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