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The Water Cooler
General Discussion
Warning--deposit large checks at your peril
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<blockquote data-quote="BamaAlum97" data-source="post: 2141733" data-attributes="member: 25989"><p>While the "because I can" explanation is bogus...I've pretty known for my entire adult life that a large check deposit may be held for several days until the funds can be verified. Espeicially, if you mainting low balances in the account you are depositing too...I have been at the same bank for many years now with muliple accounts, so I rarely have to worry about this any longer...but this is not that unusual of a scenario...11 days is a little long though...3-5 is about the longest I have ever encountered.</p></blockquote><p></p>
[QUOTE="BamaAlum97, post: 2141733, member: 25989"] While the "because I can" explanation is bogus...I've pretty known for my entire adult life that a large check deposit may be held for several days until the funds can be verified. Espeicially, if you mainting low balances in the account you are depositing too...I have been at the same bank for many years now with muliple accounts, so I rarely have to worry about this any longer...but this is not that unusual of a scenario...11 days is a little long though...3-5 is about the longest I have ever encountered. [/QUOTE]
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Warning--deposit large checks at your peril
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