can someone tell me what "check being sent to collections" actually means?

Requested max 6/4
Approved 6/4 30 minutes later
Rec 6/6

I went to the bank to deposit this morning. ATMs at my bank don't accept foreign checks so I have to deposit at a teller. My last check was smaller and from a different site (both from up north) and when I deposited it I was asked a few questions but had no other issues. I went to a different branch this time and was told that it would take 4-6 weeks to process and I'd be charged a $25 fee. They also said they couldn't deposit it at the teller and I'd need to speak with someone. Twenty minutes later I'm sitting in the branch manager's office... he started by recommending I get the funds wired instead because it would be faster and cheaper for both me and the bank... but given posts in this thread I said no thanks, didn't want to go through the hassle. He was actually very helpful, they weren't stalling to call the cops on me, and it looks like I'm in good shape (aside being out $25).

+1

They didn't specifically mention "collections" to me today but it looks like that's where my check is going. What sort of process do they go through?

I think it's simply a check that can't be routed/verified through the ACH system, therefore they have to send it to an outside processing company to be cleared through an outside path. The bank doing that would then be middle manning for you and them, and that's harder for them, so they send it off and when the money shows just give it to you. (Minus your $25 fee)

That's my guess, though. I had similar with a check I got for a car someone purchased but he was out of country.

From my understanding, it just means they wait until they actually have the money from the other bank (the one the check was drawn on) before they put the money in your account. Simple as that.

You said this was the visa payout and they put the money back on the visa card you depo'd with. Is your visa a cc/dc from your bank that is connected to your checking/savings acct. or is it just a visa cc like a capital one card?

req wire 6/1
rec wire 6/6

my last complaint seems to have impacted results. Only $75 dinged on a max wire from end to end. Happy Happy Joy Joy

Yeah, thats much more reasonable for sure.

wow, haven't logged into twoplustwo in years and so made a new account. I used to play on bovada (bodog) but was wondering if someone could PM me or lmk if they live in jersey and have successfully w/drawn since they exited in May?

Requested 6/6
In transit to receive 6/9

Is it okay to walk into the bank teller and deposit these checks? Mine is from Canada according to Fedex site

If you know the secret word sure.

https://www.youtube.com/watch?v=C-LLCpM27WE

yes,i had no problem with my deposit

req june 3
recieved june 5th
cleared june 7th
max cashout from north
way to go bovada ..........unreal merge lol

Is there usually a hold for a Canadian check? If so how long, has anyone had a hold or is the money instantly available? Check is only for Small triple digits.

[QUOTE=FlipsideRM;43550148]Is there usually a hold for a Canadian check? If so how long, has anyone had a hold or is the money instantly available? Check is only for Small triple digits.[/QUOTE

depends on ur bank. can be available in 24 to 48 hrs if they dont have to send it to collections first. then it can take 2 to 4 weeks.try a diffrent banks if u have trouble.

Talked to a bank teller. My check has a 6-8 week hold and a $25 processing fee, but it has been accepted.

Was this a small bank or a major US Bank?

Very fast

It was a smaller bank.

req 6/4
appr 6/5
Ship 6/6 - wagon train so
CIH ~6/13 est

Good enough more fun when it was 2 day but getting here fine.

I bank and the horse train bank, I know what they do, they buy the check from me (charge $5.00). Then my account is credited in 24 hours. They collect the check. I make sure the teller knows it is in US funds. Not foreign currency, but I run bigger balances in my account and have an account for 20 years. So I'm sure that helps.

Update: funds from both checks have cleared completely, and my acct is no longer frozen. However, due to reasons unbeknownst to me, my bank is "terminating" their relationship with me. I'm on my way now to close out my account and collect a cashier's check.

However, all of this is probably due to my unique extenuating circumstances.

Cliff's: if you want to ensure a painless cashout process, DO use a major bank to do so. (I suggest using a bank that rhymes with "face")

Also, if they arrest me for that second check being "fraudulent", I'll post a TR.

Just got a payout, small triple digits by check. Check arrived this morning, went to the bank to deposit and the teller tells me that they cant deposit it because the check is from UP NORTH and not sure if its USD. They will have to send it to the back office to process and they might put a hold on it. She wouldnt give me a time frame and said it could be available tomorrow, could take up to 30 days. I bank with a bank that rhymes with Pells MArgo.

Has anyone had this happen? When are the funds usually available in your account? They said it would not have to go to collections since ive been with them for over a year.

Did not get arrested. Took a colossal dump in their bathroom and didn't flush. **** that bank.

lololololol **** ya

did you guys know that bovada is down right now?