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Up to five business days for most checks. Up to six business days for checks deposited into an out-of-network ATM ... Final Take. Be aware that some banks and credit unions may charge a fee to ...
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Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
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In some U.S. states, if the cheque drawer informs the party they are uttering the cheque to that it will not clear at the current time (such as asking someone to "hold" a cheque for a few days), if the cheque bounces, they can still be sued for the value of the cheque, but warning the recipient before acceptance that the cheque will not clear ...
Following concerns about the amount of time it took banks to clear cheques, the United Kingdom Office of Fair Trading set up a working group in 2006 to look at the cheque clearing cycle. They produced a report [ 33 ] recommending maximum times for the cheque clearing which were introduced in UK from November 2007. [ 66 ]