What is the Clearing Period for paper payments (check, money order, or cashiers check)?
Our Clearing Period for paper payment instruments is 7(seven) business/banking days. Although most paper payments may clear in a very short period, our Clearing Period is necessary to protect us against NSF or fraud. Due to the number of payments we process, we are unable to call on each payment to verify its date of clearance. Furthermore, due to recent changes in banking privacy policy, most banks are unable/unwilling to verify the needed information to validate the clearance of a check.
