Quote:
Originally Posted by pean002
I brought my check from bovada to my bank, which is a big bank. Try and deposit it, they tell me they have to send for collections and that it will probably be 2 weeks before the money is in my account. I am beyond tilted. Anyone else run into this?
it's not luck of the draw. every bank has their own rules with regards to how much they will make available in your account immediately when you deposit a check. foreign checks actually take a few weeks to clear. if the check is over this amount then it won't be made available for a few weeks.
in my case with my bank that amount was 5,000 dollars. so when i deposited 2 checks each for 3,000 dollars, 3000 was available right away, and the other 3,000 wasn't available for a few weeks until the check cleared collections.