Originally Posted by WompWomp
In the past i have had no issues depositing checks. However yesterday I went to deposit one via bank teller and they said they had to send it to international collections and that there may be a fee associated. Has anyone had any experience with this, including how large the fee may be and if this is something to be concerned about? I took the check back and said i wanted to contact the sender of the check and see if they could directly wire it to me. They had already scanned the check before they realized it was a foreign check so now the check is serialized. Don't want to walk into another branch with a check that was already scanned by them and try to explain why i took it back. Would really appreciate a response. Thanks everyone.
I kind of just went through this. I had never had an issue depositing checks on C*A*E, but i deposited two checks on back to back days.
The second check has been sent to collections, the reason being that anytime its an international check, the bank makes the money available but only up to $5,000 every two weeks.
Both checks combined were over that amount, therefore the second check was sent to collections...They say it make take up to 3 weeks, but they would refund me the $45 fee, since i should have been advised of this when i was making the deposit.
Apparently my bank will send the check to the bank who issued the check and request for them to wire my bank the money.
Kind of confusion and annoying, but they said I can just deposit one check in checking and another one in savings in order to avoid hitting the $5k limit...