Why do banks put such long holds on ACR checks? International - Winning Poker Network -- Two Plus Two Poker Forums

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Why do banks put such long holds on ACR checks? International

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10-24-2017 , 12:57 PM

Beerman74

newbie

Join Date: Nov 2014 Posts: 19

ACR checks are drawn in TD Bank Canada, Wells Fargo. I live in the US

No check cashing places will cash, Walmart won’t and also grocery stores.

Most banks say 4-6 week because check has to be sent to clearinghouse, or a place to be exchanged. Has anyone else run into this problem?

Mods feel free to move to appropriate forum. Couldn’t figure out which one.

10-24-2017 , 03:05 PM

jwlam

enthusiast

Join Date: Sep 2004 Posts: 72

It's considered extremely poor form to name the banks the checks are from on 2p2. Please edit your post.

10-24-2017 , 09:59 PM

goodsaint

veteran

Join Date: Nov 2012 Posts: 2,377

Large multi branch banks use to international checks generally don't send to collections, unless teller is inexperienced. Then ask for a supervisor to process check.

10-26-2017 , 10:56 AM

melnor

journeyman

Join Date: Mar 2012 Posts: 228

Because the usa is wary of anything foreign..

10-28-2017 , 02:33 AM

JokersNCowboys

stranger

Join Date: May 2017 Posts: 14

I dont think US banks are technically supposed to deal with online cardrooms after black friday. Thats why bitcoin cashouts are so much faster. No government oversight.

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