4 ms·
Don't they take several days? Does the US seriously not having something equivalent to direct credit?
by steveh73 14y ago
Don't they take several days? Does the US seriously not having something equivalent to direct credit?
- MikeCodeAwesome 14y agoChecks are frequently turned into ACH transactions. You may be interested in http://www.occ.gov/topics/consumer-protection/depository-services/writing-check.html#whatshappening http://www.occ.gov/topics/consumer-protection/depository-ser....
- bmj 14y agoMany banks will instantly deposit checks up a certain amount (say $500), and deposit some percentage of large checks immediately, with the rest deposited after the check has cleared the writer's bank.