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depositing large checks
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dirtclod10
Posted 3/10/2025 06:20 (#11140575 - in reply to #11140562)
Subject: RE: depositing large checks


I have 2 bank accounts with separate banks. My wife deposited a large check into the wrong bank by accident one time and I wrote a check out of that bank into the correct one.They put a 10 day hold on the check, which I was OK with until I saw that the funds had been pulled out of the other bank within 24 hours. They got a phone call and released the funds immediately.

I believe they make money on the float. Interest is cheap right now but when you could have 100’s of millions floating at any given time, that adds up.

Edited by dirtclod10 3/10/2025 06:22
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