TimberFarm
Platinum Member
- Joined
- Apr 13, 2022
- Messages
- 507
- Tractor
- John Deere 3203, Jinma 354 LE, LS MT573
My wife works at a mid size law firm.
The banks they deal with give them their own check processing machine. When they get a check they never even take it to the bank. They make the deposit right in their office on the bank's check processor.
Federal banking laws require checks to clear in 24 hrs. So if your bank says they need to "hold" the check's funds for X days to wait for it to clear, that is BS.
The banks they deal with give them their own check processing machine. When they get a check they never even take it to the bank. They make the deposit right in their office on the bank's check processor.
Federal banking laws require checks to clear in 24 hrs. So if your bank says they need to "hold" the check's funds for X days to wait for it to clear, that is BS.