By  Updated on Thu Jul 10, 2014

The Time It Takes for a Check to Clear at Top 10 Banks

 

It may come as a surprise, but every bank has different procedures and policies that determine how long it takes a check to clear. Knowing how long it takes for a check to clear is important for money management. It’s helpful to know when funds are expected to be in your account. Compare the time it takes to clear a check at the top 10 banks.

The Time It Takes for a Check to Clear at Top 10 Banks

When you deal with checks it can seem confusing as to how much money you have actually available. After you look at your receipt or account balance you may notice two different figures. One will read account balance, the other will read available balance. The account balance is what is posted to your account, including funds that have yet to clear. The available balance is the true amount of money in your possession, or the money you actually accessible to you.

The reason these two numbers may be different is because it takes time for your bank to verify the funds for the check you deposited. A person who lives paycheck by paycheck should have a good grasp on how long it takes for a check to deposit. You do not want to be surprised if a check takes longer than expected to clear.

To avoid putting your money in jeopardy, and to have a clear understanding of when your money should be available, it’s good to know when funds will actually be available in your account.

How Long It Takes a Check to Clear at the Top 10 Banks

Bank Standard Deposit Mobile Deposit
Bank of America Same day as long as it is before the cut-off time (posted at branch and ATMs). Next business day as long as deposited before cut-off time (varies by region).
Wells Fargo Next business day. Available next day if deposit is made before 9 P.M. EST, and on second business day if after.
Chase Funds available after midnight if deposited before 8 P.M. local time. Funds available one to two business days after deposit if deposited before 8 P.M. local time.
Citibank All checks deposited subject to standard two to three day clear time. All checks deposited subject to standard two to three day clear time.
U.S. Bank $200 available upon deposit. Rest of funds available next business day, but may take up to five if account is newer than 30 days old. Deposited funds available next business day (cut-off time 9 P.M. CST Monday through Friday).
PNC Funds available next day, or two business days if account is less than 30 days old. Available next day. Out of state checks through remote deposit take two days to clear.
Capital One Funds present on first business day after initial deposit. (cut-off 2 P.M. local time). Funds available next day with 360 Checking or a Capital One Bank account.
TD Bank Available next day if deposited before 8 P.M. EST cut-off time. Available next day if deposited before 8 P.M. EST cut-off time.
BB&T BB&T Checks- Available same night Non-BB&T Checks- Available first business day after deposit. All mobile deposits take three days to clear.
SunTrust Bank Available next day as long as before cut-off time (4 P.M. at local branch and 9 P.M. EST for ATM deposits). Available next business day if deposited before 9 P.M. EST.

(Note: business days do not include Saturday, Sunday, or holidays.)

How long it takes for a deposited check to clear

Depending on who you bank with will determine how long it takes for a check to clear. All banks are built and organized differently. Some banks offer funds available the next day, while it may take up to three or longer for others. Use the following table to get a breakdown how long checks take to clear at the top 10 banks.

Waiting for a check to clear

If you have written a check to someone and are waiting for it to clear, the process is different than if you were to deposit it. You have to take the payee into consideration, and when he/she decides to deposit the check, and their banking institution’s policies. You cannot truly predict when the funds will be pulled from your account on a check you wrote, because the other person may wait a while to deposit it on their end.

Review your online statement, account balance at an ATM, or call your bank to verify when the check is deposited.

What about cashier’s checks?

Cashier’s checks are a bit different. Depending on where the cashier’s check originated from will determine how long it takes for the funds to clear. Most banks will make the funds available to you the next day. Practice caution when depositing a cashier’s check.

There are many counterfeit cashier’s checks in circulation. Do not be fooled if the funds are shown available in your account. It can take banks several weeks to figure out a cashier’s check is fake. When a bank finds a fake cashier’s check they retract the money you deposited earlier from your account. Learn how to spot a counterfeit cashier’s check to prevent the chance that you fall for a scam.

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Post a Comment

  • Z_Lauren_Z

    Um, Capital One 360 doesn’t clear checks for FIVE business days.

  • ladycruiseagent

    A check drawn on my BOA account and deposited into my Regions account before 4pm will clear my BOA account the same day. But the reverse (Regions deposited into BOA) takes an additional day to clear. Go figure.

  • Dave Keeling

    I opened an account at BB&T and wrote a $50,000 check drawn on Fifth Third bank from the sale of my house. The money was taken out of my Fifth Third account the same day but it took 11 working days to be credited in my BBT account. I was not a happy person. Totally uncalled for in this day of wire transferring money. And….it was a certified check.

    • Guest

      You’re right. In today’s day and age if wire transferring money you should have been smart enough to wire the money to your account so that it would be available that same day rather than writing a check and expecting your bank to take a $50,000 risk by giving you immediate access to the funds. That’s standard Regulation CC holds that every bank in the country does…

  • Bank buster

    Yes, & Suntrust is still “2 business days” for my business account. Which translates to two business days starting the day after you deposit the check. Which is actually about 5 days total if you deposit on a Wednesday afternoon. Funds will be available the following Tuesday. Guess what? I will no longer be banking with Suntrust

    • Buddie

      Been banking at Suntrust for 25 years deposited 2 checks $16,500.00 &10,300.00 Sunday night call the teller Monday she informed me she took care of it for me received a call today that the money would not be available till 2/11/14 she said they could not cofirm that money was available from the 2 banks the different bank Chase and Bank of America Called the person that gave me the check for 16,500.00 the check cleared their bank on Monday 2/3/14 thiis would mean the bank is holding my money for 8 days ????

      • A Helping Hand

        Per Reg CC, banks have the right to hold large deposits (anything over $5k) for up to 7 business days following the deposit. So with that information in hand, the bank actually gave you pretty good treatment by making the funds available on the 6th business day (2/11) following your deposit (2/3). I know you said you deposited it on a Sunday night (assuming via mobile), but it really doesn’t matter if you did it Sunday night (2/2) or Monday (2/3) during the day before the cut off time because it’s really isn’t processed until Monday night.

      • checks available

        sup man

  • JLew

    Ally isn’t on this list… for good reason. So, FYI… Ally can hold a check deposit for up to SIX business days. Gawd forbid you should have a small NSF lasting for one day…. they are very unforgiving and have poor customer appreciation.

  • stan

    Capital one 360 takes 10 days for a check deposited in the savings. i called about this and need the cash for bills. My error of which I was not aware that savings is different from checking. Annoying hyped advertising on phone as one waits one of their “just a seconds”.

  • http://www.seriouslyspain.com/ Seriously Spain

    I found Bank of America to be the absolute worst when it came to clearing checks. Four to five days sometimes, even though they always told me it was supposed to be ‘same day’ or 24 hours at the most.

    What with this, plus ridiculous scam fees, I finally closed my Bank of America account a couple of years ago and went with a credit union instead. Haven’t had a problem since :)

    • jack beeler

      The best thing I have ever encountered when I banked with BOA I deposited a check for $8800 they gave a $100 same day ,$4900 in two business days and the rest in 7 business days go figure like the check would come back in three pieces if it wasn’t honored at the other bank

      • Cashoutking

        How old was your account?

        • jack beeler

          Not sure exactly but wasn’t new ,maybe 2 yrs

          • Guest

            That was a standard Reg CC hold time. It’s now changed to $200 same day, but still the remaining $4800 after 2 business days and the rest after 7 business days. Standard practice among every bank that places a large item hold.

          • jack beeler

            Not on any other banks ..I sell cars so all my deposits r large so if I stayed with BOAI I would’ve gone bankrupt

  • Guest

    You need to spell out the difference to people between a checks worth being made available and actually clearing the other parties bank. What you are talking about in the table above is when your bank makes the funds available to you. NOT the check clearing. I bank at Chase and most of the time funds are mine to use the next day. That does not mean those funds have been collected and that the check will not bounce when it reaches the other person’s bank in a couple days time.

  • win

    the research on this and several other articles aren’t well done. the time to clear a check varies between banks because some will make partial funds available and the rest the next business day, or same business day, or in 2-3 business days but,

    the check still can bounce because the check itself didn’t really clear. that bank is choosing to make the funds available earlier as a goodwill. when the check is processed sometimes the system will pick up something that will cause a hold, anywhere from a few days or even upwards of a business week so that the funds won’t be available until it’s actually collected from the bank it’s written on

    • phillips

      Did finish reading the article? There is a huge box in the article that lists 10 different banks and the time frame that funds are made available.

  • Alf

    This article is incorrect. Capitol One 360 takes 5-6 business days to clear a check via mobile checkmate deposit. It take the same 5-6 business day to clear a cashiers check deposited in this manner

  • http://MyBankTracker.com Gerald Morales

    Keep in mind the research conducted for this article is about 6 months old, policies change.
    As far as the actual time it takes for checks to clear as of today, I will look into it. When I did create this table I literally called banks and spoke with representatives via chat to ensure all of the clear times were correct.
    Sorry if any have changed, but I will look into the matter and make corrections.

  • CommonSense

    Banks holding of funds for extended periods of time has become more and more widespread. Keep in mind we live in a digital world. When you deposit a check drawn from another ABA member bank, that check is entered into the system. It essentially triggers a ACH (Automated Clearing House) transaction. ACH is the common central clearing house of fund transfer processing each night. When you use your debit card. it triggers a command to debit the other account at midnight during processing and credit/funds show up in your account. Yes, the paper check will be scanned and the physical check finds it way back to your bank. Gone are the days when it took days for a check to clear because it physically had to show up at the regional Fed, entered, and then shipped off to the bank for which the funds were drawn. However, the banks are gaming the system by telling you they have put a hold on funds for 2, 3,4 or in some cases 7-10 days. This is a scam and should be a topic on 60 minutes. Just like a few weeks ago when they exposed the high speed millisecond stock trading where traders make millions each year on high speed trading. Banks digitally have that credit from the drawn bank in their system……..use the overnight credits to their benefit/use and hold you hostage on use of funds anywhere form 2-10 days. Now, if you go in after 2 two days, scream and jump up and down, they will over ride “”the standard procedure”” programmed into the computer and give you access to the funds. Why………….becuase the funds are in their system digitally, but most people never protest and the banks get away with. I have done this on a check from my brother. Large amount. He gave me a screen shot of his checking account being debited for the check. It was the day after I deposited his check. My branch manager just said the 3 day hold was procedure. When I produced the the print out showing the funds had beed debited from the bank the check was drawn on………he verifed that in fact the funds had gone into their system. He immediately removed the (standard hold time) the 3 day hold on my funds. This goes on millions and millions of times each night…………and the banks get away with it. Once you deposit a check to your account and the teller enters it into the system or if it processed after hours that night and the bank is a ABA member and part of the ACH system…………..there is NO reason to place a hold 3-10 day hold on the funds for domestic transactions

    • David Morgan

      This is very refreshing !!!

    • David Morgan

      Can you email me this peice of information at davidmorgan788@yahoo.com

      • CommonSense

        I sent you an informational link. However, as my email said that .gov website is general information for public consumption. What happens in the real consumer banking world each day is quite different. The same as the high speed digital stock trading scheme unveiled by the the Canadian man that developed trading software and exposed it on 60 minutes. Posters on this thread that work for a bank are merely stating “standard” policy. They are not making statements on the reality of the mechanics of the system, like I demonstrated to you in the email. For those that are informed, know the back systems, you can work around these un-reasonable hold periods as I demonstrated to you. However, if you make a habit of depositing checks that bounce all the time. That is another problem. I’m talking normal ops.

  • zzzzzzZ

    I deposited a check on a Thursday and its almost Tuesday and still haven’t been accredited my paycheck