How Long Does it Take for a Local Check to Clear?
Cashed Where Drawn How long a local check takes to clear your checking account will depend on when and where the check is cashed. A check needs to be cashed in order to receive the money or deposited into an account to receive credit for the amount of the check. The individual or business to which the check is written has two options: depositing or cashing the check at the financial institution where he does his banking, or taking the check directly to the financial institution where it is drawn to cash it. If the check is taken to your local financial institution for cashing, it will clear your account immediately. The teller will draw the money directly from your checking account and give it to whoever is presenting the check for payment. The check may be presented the same day it is written, although some businesses and individuals occasionally hold checks for several days before presenting them for payment. Cashed at a Store Some stores will cash checks written to individuals. If y
