Check clearing question

[Stewmoney]

Hi guys,
My question is this; Once a check clears the bank in which it was drawn, does that mean it has not and can not bounce at that point? I know it is probably an obvious or stupid question. But someone told me that a bank can retract the funds up to 60 days or something like that. Is that true? And under what circumstances? It must be like one in a million that that happens right?
Thanks

[durito]

The fact that your bank makes the funds available does not mean it cannot go bad later. There is no time limit. It happens sometimes with sportsbooks checks when their accounts get closed.

[frostno98]

I say highly unlikely. Those grace period holds are made by the bank for a reason, and that's to make sure they get those funds you are trying to deposit. So they either get your cash and your it clears, or not and the check bounces. Once it clears, it's 99.9% legit, atleast from my experience.

[cinpls081]

I say highly unlikely. Those grace period holds are made by the bank for a reason, and that's to make sure they get those funds you are trying to deposit. So they either get your cash and your it clears, or not and the check bounces. Once it clears, it's 99.9% legit, atleast from my experience.

This is 100% not true I have had it happen to me 3 times....banks from other countrys take longer. I have had it up to 3 weeks after I have put it in the bank. My bank gets a returned check from the federal bank. If its chase or a well know US bank usually 4 days or so and the money will actually clear. Don't listen to the tellers they don't know what they are talking about. Usually 3-5 days for it to clear for you. This doesn't mean the BANK and you are in the clear. Most checks don't bounce but it can take a while for you to find out about it. Trust me on this one.

[Stewmoney]

This is 100% not true I have had it happen to me 3 times....banks from other countrys take longer. I have had it up to 3 weeks after I have put it in the bank. My bank gets a returned check from the federal bank. If its chase or a well know US bank usually 4 days or so and the money will actually clear. Don't listen to the tellers they don't know what they are talking about. Usually 3-5 days for it to clear for you. This doesn't mean the BANK and you are in the clear. Most checks don't bounce but it can take a while for you to find out about it. Trust me on this one.

but u r talking international checks right?

[DukeJohn]

but u r talking international checks right?

Stew, are you referring to International Checks or USA checks?

[Stewmoney]

I am talking about an out of state check not international. I was asking the other guy if he was referring to international checks only when he said it had happened to him 3 times.

[cinpls081]

Stew,
I promise you that even a check in USA can and does bounce weeks after it clears from you. If it was cut in the USA just go to that bank and cash the check if you are worried about it clearing. If you have already put it in the bank the and it had cleared on your end that doesn't mean anything. Although you can go and spend the money and take it out of the bank there is a chance that it can bounce and YOU are responsible for it. I have had this happen multiple times this year I believe 2 were from USA and one was international. I was told by the person running the bank that its more likley for this to happen with international accounts. Just go about your biz and don't worry there is nothing you can do...