ATM_check_deposit

  • Based on your bank receipt after you make a deposit, it will take approximately two days for your check to clear (keep in mind there are many factors involved that may slow this process down).
  • Typically, your bank should receive the funds from the paying institution within five business days.
  • Large deposits of $10,000 or more could take up to 10 business days to clear.
  • Funds for cashier’s checks are typically available the next business day.

In 2016, MyBankTracker reexamined factors that determine how long it takes for your check to clear and what you can expect after you make your deposit.

Examine at your deposit receipt to get an idea of how long it will take

After making your deposit at an ATM or inside the branch, you will receive a deposit receipt with the date and time of when the check will be cleared and the hold time on the check, if any. (A hold time refers to how long the check will be placed on hold, and banks use many factors to determine this, including your account history and account balances.)

The actual time of how long it will take for the check to clear won’t stray too far from the expected time presented on the deposit receipt. You can expect the funds to be available as indicated on the slip, which is usually a one to two business days, at most, unless it is a large amount.

This receipt was from Chase for a deposit that was made on 3/24/15. As you can see, the check deposit will most likely clear the next day, but it also states that there could be a delay.
This receipt was from Chase for a deposit that was made on 3/24/15. As you can see, the check deposit will most likely clear the next day, but it also states that there could be a delay.

Large deposits

The policy for very large deposits varies by bank. We recently spoke with a banking representative at Chase Bank, who better explained their policy to us. The rep explained that the speed of the check deposit also weighs heavily on the banking relationship the customer has with Chase.

Let’s say Chase customer John Doe is in good standing with the bank and normally keeps a high balance in his account and wants to deposit a $10,000 check. The rep told us in this case, the check would probably clear the next business day.

However, if John normally had an average balance of $1 in his account and tried to deposit $10,000, Chase would probably put the check on hold (for up to 10 business days). In addition, if John showed regular overdraft activity and had a number of returned deposits, it would also delay the clearing of his check.

Holds on checks

In the case that the check cannot be cleared, a hold is placed on the check and it will be resubmitted for approval. This will prolong the process. Other reasons for a delay may be due to insufficient funds or a frozen, blocked, or closed account.

[Related: What Happens When You Deposit a Post-Dated Check Early?]

However, if nothing looks out of the ordinary, your bank should receive the funds from the paying institution within five business days — at which time the check will clear. But keep in mind that even if your bank is still waiting for the money from the paying institution, they can still release the funds to be available to you. This is called fund availability.

Fund availability vs. time it takes for a check to clear

Many bank customers may confuse the terms “fund availability” with the “time it takes for a check to clear.” They are actually two separate things. Even though the deposited amount may be partially or fully available to you, it isn’t actually yours until the check completely clears at the bank, because your bank may not have received the funds for it yet.

The fund availability policy that your bank means that you don’t have to wait for checks to fully clear before getting access to at least a portion of the deposited amount.

BankWhen funds become available (UPDATED 7/8/15):
Bank of AmericaThe first $200 of the check amount is available for cash withdrawal no later than one business day after the deposit.
Wells FargoThe first $200 of your deposit is available on the first or second business day after the deposit.
ChaseAt least the first $200 of the check deposit will be available on the first business day after the day of your deposit.
CitibankThe first $200 of your total deposits will be available immediately on the business day of the deposit. Deposits of $5,000 or less usually clear within 3 business days. Deposits of more than $5,000 usually take 4 business days to clear.
U.S. BankThe first $200 of the total check deposits will be available no later than the first business day after the deposit, usually available immediately.
Capital OneThe first $200 of your deposit will be available on the first business day.
PNC BankThe first $100 is available on the evening of the day of the deposit. An additional $100 is available on the first business day after the day of the deposit.
TD BankThe first $100 is available on on the same day of the deposit. An additional $100 becomes available no later than the first business day after your deposit.
BB&TThe first $200 of your deposit may be available on the first business day after the day of your deposit.
SunTrustThe first $200 of each day’s total deposits will be available on the first business day after the day of the deposit. Additionally, up to $400 of a deposit of local checks is available at 5pm and after on the 2nd business day after the deposit. The remaining funds of the deposit of local checks will be available on the 3rd business day following the deposit.

Most banks will generally provide the depositor with at least $200 for immediate availability after a check deposit is made. Also, when you’re using your online banking to your funds, you may see two different figures listed for “account balance” and “available balance.” The available balance indicates the amount you have to use at your disposal and the account balance shows the total amount you have in your account — including money that has yet to clear.

What about cashier’s checks?

cashierscheck2
Cashier’s checks are more secure than personal. If your cashier’s check takes longer than expected to clear, it may be because it’s fraudulent and the bank put a hold on it.

The rules are different when it comes to cashier’s checks. The good news is, it is more secure than a personal check, as the funds are held by the bank. Therefore, the verification process from the paying institution is curtailed significantly, making it possible for most banks to have the funds available to you by the next business day, in most cases.

This is unless the bank suspects the cashier’s check to be fraudulent — at which time, it may take up to several weeks to verify the check.

Wait a few days before contacting your bank

wellsfargo
Try waiting a day or two before you call your bank. Keep in mind business days are Monday through Friday, and non-business days are on the weekend. Holidays can also slow down the hold time on your check. Image via Shutterstock

Again, it will usually take a day or two for your check to clear. But if it doesn’t clear in that time, it’s most likely due to an issue with the paying institution (where the check came from), your account history, account balance, or check amount.

[Related: We Compare Customer Service Hold Times at Top 10 Banks]

You know your banking history better than anyone else. If you’ve consistently bounced checks or overdrawn your account, you will have an idea of why that check for $5,000 isn’t clearing within the average amount of time.

Ask a Question

  • 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…

    • Richard

      Next time raise some eyebrows and though it will take some time (probably still much less than 11 days) ask for the cash in 1s and 5s and explain why you had to do it that way. At least you would have some other unhappy campers 🙂 Misery loves company but might cause them to wake up and re-evaluate their policies.

      • Jerkcules

        Most banks do not have $50K in 1’s and 5’s on hand. And doing this would only inconvenience tellers who have little say in the policy. Its similar to constantly changing your order at McDonald’s because youre not happy that the price of the burger went up.

        Not only that but the bank’s hold policies are presented to you when you open an account. Every accountholder agrees to this when you sign the papers.

        Now let’s take the flip side. Imagine the bank instantly gave you $50000 without verifying the funds. Now let’s say the check bounces and youve already spent some or all of the money. You still have to pay it back. Would you be happy suddenly being up to $50k in the red? This is why banks hold checks until the funds can verified.

        • Richard

          You’re actually correct in banks not having much cash. My local BAC didn’t even have $11,000. In cash I wanted to withdraw a few years ago (I moved my account shortly thereafter) to buy a used car :(. I was really surprised. The hold time though today at some banks taking up to 2 weeks is ridiculous. I also would not be cashing and spending a $50k check without either knowing the source or verifying funds. The point is though the banks are placing holds on checks for much longer than needed in today’s world.

        • Dark_Space

          11 days, though – that is ridiculous. I own a company and wrote myself a $40k check from the company account that cleared that account in 1 day… got my funds 8 days later in my personal account. That may be in the tiny legal print policy as being normal, but it shouldn’t be normal. They should strive for better service.

          “It’s in the fine print” – you should shove the fine print up your arse, what a dork.

    • tinagleisner

      Sounds like you should have closed this account right away. I have unsecured LOC baking up my checking account. They have hold on 21K, although it’s funny that they show 33K in the account … and then they took 11K from loan to cover check. I called the credit union & got charge reversed but it is WRONG!!!

  • 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”.

  • 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

  • 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 !!!

      • Joe J

        Is it now? Is it really refreshing????

    • Lisa

      A check for 60k was deposited. Here it is 11 business days later. Supposed to be today to clear but I’m doubting it. What can I do to speed along?
      Do you think they put it on hold?

      • Common Sense

        If the $60K check is a domestic transaction and not a international transaction, yes it should have credited to your account by now and funds available to you. Put on hold? Check with the maker of the check and ask, 1. did the $60k debit from their account. 2. do they have a copy of the cancelled check? If the answer is yes to both, then your bank is up to something. Once an account is debited and a check has cleared it is hard to put a hold or reverse the transaction, unless, something abnormal happened at the origina bank. What is the name of your bank?

        • Lisa

          ok I will check this out. It’s Florida Community.

          • Lisa

            And yes it’s Domestic. Thank you for your help!

          • Kristin

            I am having the same prob with my bank PNC #%@kers I deposited on Saturday I was told when I called today it should be released by midnight it has already came out of my grandmother’s pension account I am livid. Spent 4 hrs on the phone with the bank today, to be told it will be completely available after midnight well guess what NOPE!!!

  • zzzzzzZ

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

  • Gloria

    okay i have PNC and somebody from TD Bank sent me a check via bill pay and on their end it said that it would be to my account by 8/5 however i don’t have any money. can somebody let me know how long the processing would take if PNC got it. and how would i really know if they got the check?

  • Clayton Boyd

    This is NOT true. I deposited a check from a law firm, out of state…. and waited two weeks. I asked the bank if it had cleared and they said the money was available, aka cleared. I withdrew the money for bills. A week later, the bank reversed the deposit and demanded I pay the money back. I asked the manager about when the check clears…..He said that it never ‘clears’, which confused me as it goes against everything we are told. I asked what I did that was incorrect, and he said I should have waited longer, but he could not give me any timeframe. All he said was that the bank is NEVER responsible for a bounced check, regardless if that bank makes the funds available or however long you wait.

  • Bob on

    They make money off interest so holding your money for days is another way to make them rich yet they get the money right away or within a day.

  • Guest

    Can someone pleas help me out with a question I have a BOA account my dad wrote me a check off his BOA account for me to deposit into mine can someone please tell me about how long i will have to wait I’m about to lose my car if I don’t get the funds please someone help me?

    • It SHOULD clear within one business day.

  • Guest

    Can someone pleas help me out with a question I have a BOA account my dad wrote me a check off his BOA account for me to deposit into mine can someone please tell me about how long i will have to wait I’m about to lose my car if I don’t get the funds please someone help me?

  • Awadira

    Bank of America is the worst. Holds on funds availability vary but can be al long as a week. They suck.

  • Guest from Cali

    Chase was terrible. I deposited 6k check from a customer of mine for a car and it put 2 week hold on it. Didn’t give any immediate short term credit. The customer was upset that I held the car so stopped payment on check and gave me a cashiers check. I took it to his bank and got the cash. Long story short. Chase froze my card and account a day before my family and I left for hawaii. Closed it and I had over 10k already before the deposit. It really hurt our vacation and I lost faith in banks. On the flip side, bank of america did credit a $6500.00 check the next day with no problems when I had my account with them. I now spread my money out with different banks and some cash at hand for emergency. DO NOT TRUST A BANK. I should have listened to my great grandfather when he told me that. He learned the hard way in the great depression. I feel everyone’s pain. The only way to make them suffer is to pull all our money out as a united front and bankrupt them. Then again, the gov will help them.

    • Did Chase give you a reason that your check deposit was put on a 2-week hold? When you say “immediate short term credit,” do you mean that you didn’t even get the $200 portion of the check immediately?

      Sounds like Chase really made the effort to inconvenience you before your family trip. Seems like a drastic measure for Chase to freeze your account over a stopped check payment.

    • Mami Carmen

      The samething happen to me. I deposit a check in their teller. On the next day the fund were there. But when i try to take some of it out they put a Hold on my account and i saw that little witch banker do it. I have to wait 2 week and I feel it’s disgusting and unacceptable what they did.

    • Mami Carmen

      To top it off this is a check from my lawyer firm bank ConnectOne

  • Jodie

    MY mom passed and I am the only heir the house sold I don’t have a bank anywhere and I’m receiving around 60,000 for the inheritance how long will it take to clear if I pick a bank (don’t know which one to choose ) ?

    • Unless you’ve had any negative banking history in the past, you should be able to open an account, deposit the check and be able to access all of the funds within two weeks — but it should be much faster (more like less than a week). The actual clearance time will depend on the bank and your banking history.

  • Flunking_retirement

    Did you mail it? Biggest problem sometimes is the good ol US Postal service. Ive mailed checks across the country and had the funds available im 4 days, other times its taken as much 2 weeks. And look out if a weekend in transit intervenes! that could add another 3 to five days simetimes. Best way is to wire funds.

    • AwarenessForex

      Some banks still charge up to $30 USD for a domestic wire and $60 USD for an int’l wire.

    • tinagleisner

      We sent deposit in overnight with 3pm delivery guaranteed … and they didn’t deliver until 2nd day so we get our postage (about $21) back

  • Susan

    Credit Unions are the ONLY way to go and these days with Co Oped Credit Unions there is really no reason everyone doesn’t move their money. You also need to try and go in when you can so you have that personal relationship. Also if you think you can;t join one…that is a thing of the past. Most all CU now accept anyone as long as you live in the county or belong to some organization or have graduated from some school, etc etc etc etc. I promise there is a CU that applies to everyone these days.

    • tinagleisner

      Yes, but I have same problem with my credit union where I’ve had accounts for 20+ years – 10 day hold on checks when my balance is often quite high … crazy!

  • Tony

    How long does it take for a IRS refund check to clear
    with Chase if I deposited it TODAY?

  • Lindsey

    While cleaning out my car I discovered a check still attached my a pay stud. Using my online check capture I deposited it into my bank. Assuming my bank would deny it if it was already put through. To my surprise it was deposited. I left the money in my account just in case it didn’t clear. A few days later I contacted my bank to see what was going on. They didn’t give me much information. 2 weeks later the money is still in my account. How or when will I know if it’s cleared?

    • Lindsey, generally, 10 business days is a good amount of time to wait to see if the check bounces. I would suggest waiting even up to 1 month before touching those funds to ensure that the bank doesn’t remove those funds for other reasons.

  • lisa

    If someone gives me a check and I deposit it into Chase on a Saturday when will it clear the account it came from Santander

    • Typically, your check will clear by Wednesday morning, but that is not a guarantee.

  • Teri Burns

    If i depoist a 45,000.00 check . how long will it take.. My account is not in the neg. But we dont have money just sitting there too often.. I get this check i need things

    • The deposit time can vary greatly from case to case. You should expect it to take about 7 business days for it to clear — with the possibility that the bank could hold it for longer. Your bank will usually tell you the approximate date that the funds will clear.

  • Gregg Sanders

    I have $120,000 corporate check how long will it take the bank to clear the funds if I open an account with the bank with the check

    • With such a large check, you can expect the bank to put a hold for roughly 2 weeks.

  • John

    The article is not very helpful. It confuses “funds availability” with the clearing of the check. They are not the same thing. The bank may decide to make funds available and then charge the account when the check bounces.

  • jot

    i have a $7,000 check how long will it take to clear in my business account. had the business account for 7 months with bank of america

    • It will likely take a week to clear. When you actually deposit it, Bank of America will notify you of the approximate date that the all the funds will be available.