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cheque deposting question

Quadratic

TRIBE Member
I put in a cheque for $8000 on Monday. I've never deposited a cheque that large before. On average, how long does it take to clear? I'm going to need the cash to purchase some items soon.
 

JMan

TRIBE Member
Depends on your banking history and whether it's personal or not... if you always have $3 in your account they may hold it unless it's a recognizable institution paying you. If it's personal, they'll probably wnat to hold it so you might want to get it certified in order to have the loot right away.

J
 

Jennika

TRIBE Member
it soooooooooooo varies on your status with your bank. call your bank and ask

shouldn't take more than 5 days if it's a canadian cheque
 

stir-fry

TRIBE Member
TD was always 10 business days for me.
I don't know about any other banks though.

If you want, you can call them and ask them to clear it sooner, they usually will.
 
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Quadratic

TRIBE Member
Thanks for the answers. I bank via PC financial. So that's CIBC basically. I'll call them, but I knew I'd get the answer faster if I posted here :)
 

acheron

TRIBE Member
1: must be nice
2: ask your bank - depends on how your account is set up with them.
3: probably 4-7 days although it can be as long as 10 days if your bank doesn't "know you".
 

noodle

TRIBE Member
With BOM I can access the funds right away to $2000 max. They hold the rest until the cheque actually clears.
 
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LivingRoomPornstar

TRIBE Member
Originally posted by stir-fry
TD was always 10 business days for me.
I don't know about any other banks though.

If you want, you can call them and ask them to clear it sooner, they usually will.

Dude, ten business days??? Was it drawn on a bank out of province?

That's waaay too long.

Dan
PS- we should review those investments soon. When I get back from NFLD.
 
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