ma1icious Posted August 14, 2007 Share Posted August 14, 2007 I live in the Southern California region of the United States. The following banks are close to me, which of them has the fastest check clearing time with checking accounts that require no or very little minimum balance and no monthly maintinance fee? - Bank of America - Washington Mutual - Wells Fargo - HSBC - East West Bank - Cathy Bank Link to comment Share on other sites More sharing options...
Phalesafe Posted August 14, 2007 Share Posted August 14, 2007 What kind of check clearing time? Deposits or ones you write? Generally the ones you write depend on the recipients bank or if they just EFT clear the check like Verizon or Wal-Mart. I do know that Wells Fargo for example as long as your deposit is made before 3pm you can use it immediately. Link to comment Share on other sites More sharing options...
ma1icious Posted August 14, 2007 Author Share Posted August 14, 2007 Deposits. Link to comment Share on other sites More sharing options...
Shof Posted August 14, 2007 Share Posted August 14, 2007 I have no problems with Wamu and like Bosaka says, it depends on the kind of check that effects the time of clearing time Link to comment Share on other sites More sharing options...
Quick Shot Posted August 14, 2007 Share Posted August 14, 2007 there are many different rules to it local hold checks foreign hold checks one day hold checks on us checks local is usually 2business days foreign is 4 business days one day is 1 business day on us checks are checks debited from the banks account etc. then banks may have more rules...over 5$K checks may be held for a longer period of time. money orders, bank checks, travelers checks may be one day or no hold. go to the bank and ask about their policy Link to comment Share on other sites More sharing options...
Shof Posted August 14, 2007 Share Posted August 14, 2007 one day is 1 business day Monday thru Friday only Link to comment Share on other sites More sharing options...
Quick Shot Posted August 14, 2007 Share Posted August 14, 2007 Monday thru Friday only yeah..business days are considered anything mon - fri. sat & sun are not. so if you deposit a foreign hold check on a tue. it won't clear till next mon. Link to comment Share on other sites More sharing options...
brandnewfantx Posted August 14, 2007 Share Posted August 14, 2007 Just have enough funds in your checking account to cover the check and you'll be cleared on the spot how it works at BOA, and Chase. Link to comment Share on other sites More sharing options...
Shof Posted August 14, 2007 Share Posted August 14, 2007 Just have enough funds in your checking account to cover the check and you'll be cleared on the spot how it works at BOA, and Chase. Even if you have money in your account, it still takes a day for it fully transfer from account to the other Link to comment Share on other sites More sharing options...
brandnewfantx Posted August 14, 2007 Share Posted August 14, 2007 Yes, but the funds become available right away. Link to comment Share on other sites More sharing options...
Quick Shot Posted August 14, 2007 Share Posted August 14, 2007 Even if you have money in your account, it still takes a day for it fully transfer from account to the other no. example. you have a check for $1,000.00. Your savings account has $2,000.00 You cash the check against your savings. You transfer the funds to your checking which are avaliable at the same time it was deposited & the hold from the check is on your savings account for lets say 2 b-days and not on the checking Link to comment Share on other sites More sharing options...
brandnewfantx Posted August 14, 2007 Share Posted August 14, 2007 double post Link to comment Share on other sites More sharing options...
x-scratch Posted August 14, 2007 Share Posted August 14, 2007 i would do your homework & check the banks policys & faqs but if i had to choose & since your from southern california go with either - Bank of America - Washington Mutual - Wells Fargo Link to comment Share on other sites More sharing options...
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