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. The receiving bank requests the funds from the issuer’s bank, and if the funds are available, the check clears in roughly one to two business days.Know More
Processing times depend on the bank’s district regulations. Most commercial banks credit deposits on the same business day if the deposit is made before the bank’s displayed branch or ATM cut-off time. Funds are also credited on the same business day if the deposited check is from the same bank.
For all other deposits, banks are required to make a portion of the deposit available right away. The funds are not debited from the issuer's account instantaneously, but a portion is credited to the recipient as a sign of good faith.
Check-clearing times also depend on reviews or temporary holds. A bank’s general policy is to make deposited funds available on the first business day after they receive the deposit, but in some cases, a bank can place a temporary hold on the funds. These holds are placed on accounts with frequent overdrafts, relatively new accounts or high dollar deposits that exceed the account's total available balance.Learn more about Personal Banking
Unemployment checks typically begin to arrive two to three weeks after the state unemployment agency receives an unemployment claim. The process takes this long because the agency must process the unemployment claim, making sure the information is accurate and the claim is valid.Full Answer >
Although the exact amount of time can vary by bank and circumstance, a personal check typically clears within five business days. For an individual depositing a personal check into a bank account, the bank may offer a more specific estimate on the deposit slip.Full Answer >
It can typically take up to five days for a check to clear if it is drawn on an out-of-state bank. Banks may also place a temporary hold on the check if the amount is large, which takes up to an additional six days.Full Answer >
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.Full Answer >