In 2004 or 5, Congress and the Federal Reserve created a new program called "Check 21" which allows merchants to submit checks electronically, which means instantaneous debit. Not all merchants or commercial financial institutions offer this, but you probably wouldn't know if the place you're writing a check does or not. It's best to write a check only when you have the money in your account. Basically, you can no longer count on the "float" time. By the way, Check 21 also changes the way you can get copies of the check. Because the recipient may send an electronic copy of your check to your bank instead of the actual check, then you may never see that check again, nor will your bank. If you needed it for any records or a copy, you would only get an official electronic check (which has any and all capabilities of the original paper check).
by Megan R - a day ago
At Local autozone 5 seconds,they hand check back to you. Its A High-Tech world. Some thief from Rominia taped a Person"s acct,The Bank gave A new I.D.With a click of mouse, you become a non person.
by section hand - a day ago
If the store is set up for 'Electronic Presentment' with the bank your check is drawn on, it could clear before you exit the store. Even if they physically send the check to a different bank, don't count on more than 2 days.
by STEVEN F - a day ago
48 hours if they deposit it the next day.
by Akbar B - a day ago
Lately, 24-48 hours. However, most banks will process it for the day you wrote the check for...meaning that if you wrote the check today, and put in the cash to cover it tomarrow, you can still end up paying a bounced check fee.
by mamasquirrel - a day ago
Three days. Today is Thursday so it would clear Saturday or the next business day. Some retail stores send your check through right then like a debit card. Find out what is their check cashing policy or how long does it take for them to clear the check.
by Mrs. Morality - a day ago
It takes at least 2-3 business days for your check to clear.
by kit - a day ago
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