| Posted By |
Message |
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Check depositing - funds available
Say I deposited a local check from say Goldman Sachs (NYC) and I am on LI today when should it clear. Is it 2 days to clear? Like If I deposited it today would today be counted as day 1?? or is it tomorrow day 1 and available on Monday?
|
Posted 10/18/06 1:23 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
|
Re: Check depositing - funds available
With Citi if you deposit before 2 it is 1 day today tomorrow is day 2, check would clear day after. Or do what we do and become friends with your bank manager and they will clear anything when you need them to.
|
| Posted 10/18/06 1:33 PM |
| |
|
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: Check depositing - funds available
citibank clears the check right away
if there is a problem with the check- then they take it back days later
it's good as long as you know the check is good- if it's questionable- don't spend the money
|
| Posted 10/18/06 1:35 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Check depositing - funds available
Depends on the bank. We don't hold checks if you are a customer for longer then 30 days!
|
| Posted 10/18/06 1:35 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Posted by june262004
Depends on the bank. We don't hold checks if you are a customer for longer then 30 days!
We have North Fork Bank
|
| Posted 10/18/06 1:37 PM |
| |
|
DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
|
Re: Check depositing - funds available
Posted by Beth1210
citibank clears the check right away
if there is a problem with the check- then they take it back days later
it's good as long as you know the check is good- if it's questionable- don't spend the money
Only if you have the $$ in your acct then of course you could cash it right away. Or maybe with overdraft they do that too. I am telling you we've had to wait for stuiff to clear at Citi
|
| Posted 10/18/06 1:37 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Posted by melijane
Posted by Beth1210
citibank clears the check right away
if there is a problem with the check- then they take it back days later
it's good as long as you know the check is good- if it's questionable- don't spend the money
Only if you have the $$ in your acct then of course you could cash it right away. Or maybe with overdraft they do that too. I am telling you we've had to wait for stuiff to clear at Citi
Im not looking to cash it (not exactly) right away... I just want to know if I can write another check against the money when the funds will be cleared
|
| Posted 10/18/06 1:39 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Check depositing - funds available
I use to have northfork and I remember them holding my checks for a while
|
| Posted 10/18/06 1:43 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Posted by june262004
I use to have northfork and I remember them holding my checks for a while
What is the criteria for them to hold checks?
|
| Posted 10/18/06 1:44 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Check depositing - funds available
I am trying to think how long it was. But they will always tell you on your receipt how long the hold will be.
Sometimes they release a little at a time
|
| Posted 10/18/06 1:47 PM |
| |
|
ODonnell
.
Member since 9/05 5983 total posts
Name:
|
Re: Check depositing - funds available
My bank (the credit union) will make $500 available immediately. The balance takes 3 days to clear, i.e. if I deposit on a Monday evening it will be there on Thursday morning.
|
| Posted 10/18/06 1:47 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Posted by june262004
I am trying to think how long it was. But they will always tell you on your receipt how long the hold will be.
Sometimes they release a little at a time
Wow, mine never said that!!
|
| Posted 10/18/06 1:49 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Posted by ODonnell
My bank (the credit union) will make $500 available immediately. The balance takes 3 days to clear, i.e. if I deposit on a Monday evening it will be there on Thursday morning.
Yes, we have the same thing. They always give us some money right away but. Monday after 3? Is monday counted as a business day?
|
| Posted 10/18/06 1:50 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Check depositing - funds available
Posted by KPtoys
Posted by june262004
I am trying to think how long it was. But they will always tell you on your receipt how long the hold will be.
Sometimes they release a little at a time
Wow, mine never said that!!
WHAT. well its been about 2 years since i've banked with them.
P.S. Im on the phone with North Fork right now... Im gonna ask!
|
| Posted 10/18/06 1:50 PM |
| |
|
MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
|
Re: Check depositing - funds available
I have Northfork and I feel like it takes forever. They release a little bit of funds at a time!! 
|
| Posted 10/18/06 1:52 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Posted by june262004
Posted by KPtoys
Posted by june262004
I am trying to think how long it was. But they will always tell you on your receipt how long the hold will be.
Sometimes they release a little at a time
Wow, mine never said that!!
WHAT. well its been about 2 years since i've banked with them.
P.S. Im on the phone with North Fork right now... Im gonna ask!
LOL I should have thought to call but I am too lazy to get up and find a phone.
|
| Posted 10/18/06 1:53 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Check depositing - funds available
OK...
I just used random #
For Local Checks
5000.00
100.00 the next day
400.00 the next day
4000.00 7 days
Local checks less then 5000.00
Next day 100.00
2 More days the rest will clear (so total of 3 business days)
|
| Posted 10/18/06 1:54 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Check depositing - funds available
Posted by KPtoys
Posted by june262004
Posted by KPtoys
Posted by june262004
I am trying to think how long it was. But they will always tell you on your receipt how long the hold will be.
Sometimes they release a little at a time
Wow, mine never said that!!
WHAT. well its been about 2 years since i've banked with them.
P.S. Im on the phone with North Fork right now... Im gonna ask!
LOL I should have thought to call but I am too lazy to get up and find a phone.
Hey I can use it as amo 
|
| Posted 10/18/06 1:54 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
Ok, crap, thanks
|
| Posted 10/18/06 1:55 PM |
| |
|
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: Check depositing - funds available
Posted by melijane
Posted by Beth1210
citibank clears the check right away
if there is a problem with the check- then they take it back days later
it's good as long as you know the check is good- if it's questionable- don't spend the money
Only if you have the $$ in your acct then of course you could cash it right away. Or maybe with overdraft they do that too. I am telling you we've had to wait for stuiff to clear at Citi
I have never had to wait- hence the whole craigs list scam that happened to me- they clear each check right away - maybe b/c I have so many accounts with them- but they clear them instantly
|
| Posted 10/18/06 1:55 PM |
| |
|
KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
|
Re: Check depositing - funds available
What about... if the deposit is over $5000 but there are like 3 different checks? Does that play a roll or is each check treated as a separate thing?
|
| Posted 10/18/06 1:56 PM |
| |
|
ODonnell
.
Member since 9/05 5983 total posts
Name:
|
Re: Check depositing - funds available
Posted by KPtoys
What about... if the deposit is over $5000 but there are like 3 different checks? Does that play a roll or is each check treated as a separate thing?
I'm sure each check is cashed seperately, but goes through the same process of releasing funds.
|
| Posted 10/18/06 2:04 PM |
| |
|
