Is there (website etc.) any way to find out which banks clear deposited checks quickly?
I work as a bank teller, and I can’t imagine any reputable bank clearing a check any faster than one business day. Many banks will make the funds from a deposited check available for you to spend on the next business day with some exceptions. The most common reason for a hold on a deposit is that the check is written for a large amount that could not be covered by matching funds in your account. Other reasons: depositing a credit card “convenience” check because there’s no way for the bank to verify that you have enough available credit to cover the check. Depositing a check that may be suspicious in some way or is from a known disreputable source. Legally, the bank doesn’t even have to give you a reason for the hold. It could just be on a hunch. But, as I said, most reputable banks are going to be honest with their hold policies. And as long as your deposit doesn’t fall into one of their hold categories, it should be fully available in one business day. That being said, every bank mak
