How long does a bank place a hold on a check before the funds are available?

Question

How long does a bank place a hold on a check before the funds are available?

Answer 1

That is up to the bank.  Ask them.

Answer 2

Usually 5 business days.

Answer 3

Usually three to five business days.  You can check wtih your bank for the specifics.

Not sure who you have gotten the check from - is it a relable and trusted source?  Even after a bank "clears" the check (that is, makes the funds available) the money may not be transferred from bank to bank.  If a check 'clears' and the funds are made avaialble, and later the bank finds out that the check was counterfeit or fake, they can collect all the funds disbursed - from YOU.  So if this check is not from a trusted and/or reliable source, be careful about withdrawing the money until you check with the bank that the funds have actually transferred and there is no problem wth the check.

Answer 4

It depends on the amount of the check, where the check is from and what kind of account you have (if it's a good account or if your overdrawn alot).  It can be 2, 5, 7, or 11 days.