How long does a check take to clear Santander bank? Santander Bank states that its clearance time for most deposited checks is no longer than two business days after the day of deposit. The exact length of time for funds to clear depends largely on the time of deposit and the type of check.
https://www.reference.com/business-finance/long-check-clear-52d2a46361758ca9
Best Answer: There are two things you need to be aware of. Banking regulations require banks to make funds available within a certain number of days depending on the amount and type of check. However, this does not mean the check has cleared. A check can actually take up to about 10 days to clear depending on the bank involved. Source(s): http://www.msmoney.com/mm/banking/articl... Cheques usually take till about the next working day to clear. But that will vary from country to country at times.
https://answers.yahoo.com/question/index?qid=20081103153853AAgAJlA
4 main steps to processing an electronic check: Request Authorization: The business needs to gain authorization from the customer to make the transaction. This can be done via an online payment form, signed order form, or phone conversation.
https://paysimple.com/blog/the-7-most-popular-questions-and-answers-about-electronic-checks/
Instead of a customer manually filling out a paper check and sending it to the business they need to pay, today’s technology allows the process to happen electronically, saving both time as well as paper waste. Request Authorization: The business needs to gain authorization from the customer to make the transaction.
https://paysimple.com/blog/the-7-most-popular-questions-and-answers-about-electronic-checks/
There are a few advantages of an electronic funds transfer (EFT), including less float time, meaning the time it takes for a paper check to clear the federal reserve. It is less labor intensive on the banking side, and it ensures that consumers receive funds sooner. EFT also renders mailing payments obsolete.
https://www.reference.com/business-finance/long-check-clear-52d2a46361758ca9
Generally, funds are verified within 24 to 48 hours of the transaction being initiated. Should the payer have the funds available in their checking/bank account, the transaction is cleared within 3 to 5 business days and the funds are moved from the payer’s account to the payee’s account.
https://paysimple.com/blog/the-7-most-popular-questions-and-answers-about-electronic-checks/
My credit union is telling me it will take 10 days to clear a CASHIERS CHECK. I thought they were as good as cash ? and this makes it even more puzzling; -- I am 2000 miles away from my credit union and wrote a personal check that was cashed the same day and funds were withdrawn from account that same day. - from 2000 miles away ......
https://www.depositaccounts.com/community/misc/16428-10-days-clear-chase-cashiers-check.html
Two ways you can send an eCheck payment: The payee sends you an online payment form where you fill in your checking account number and routing number, as well as the amount of payment. By clicking “Submit” you are authorizing the payee to withdraw the payment amount from your checking account.
https://paysimple.com/blog/the-7-most-popular-questions-and-answers-about-electronic-checks/
The time it takes for a check to clear depends on the nature of the deposit and the underlying bank’s policies. When banks process checks, the funds are taken from the issuer’s checking account and sent to the recipient’s account.
https://www.reference.com/business-finance/long-check-clear-52d2a46361758ca9
Just know that they (Dupaco Community Credit Union) took my Chase CASHIERS CHECK and are holding funds for 10 days. It wouldn't bother me so much if it was 2 or 3 days. Ally6770 | Apr 15, 2014 | 1,849 posts since 2010It is law that the funds availability rules are posted in each branch. Usually the first $5,000 of a cashiers checks is available the next day and depending on what region the check is from and the rest in 2 to 5 business days. If it was not deposited in person, or it is a new account, or they are suspect of something then they have to tell you if it is a longer hold.
https://www.depositaccounts.com/community/misc/16428-10-days-clear-chase-cashiers-check.html
how many days for check to clear
It takes two business days after the day of deposit for a check to clear. It takes two business days after the day of deposit for check to clear.