It usually takes about two business days for a deposited check to clear, but in some cases, it can take up to five days for funds to become available. Find out how long it takes a check to clear depending on the financial institution, why a check might be on hold, and the fastest ways to access your funds.
Typically it can take two business days for a check to clear, but can vary. Different factors can affect how long it takes a check to clear, such as your standing with the bank and the amount of the check. The following factors can affect the time it takes for a check to clear and how long you have to wait before you can access the deposited money.
The length of time a check is held depends on the amount, type of check and institution, but two to seven days is typical. For example, if your check is dated six months or more in the past , it might warrant further scrutiny. Check out the best accounts to help you save money and reach your financial goals! The amount of time a check takes to clear can vary based on bank policy. Most banks will credit funds to your account the same business day if you make your deposit before the daily cutoff time; however, you might not be able to withdraw the money immediately.
If the account has repeatedly overdrawn during the previous six months, the financial institution may delay making the funds from that check available. For the check to clear, the payer must have the funds available. As the payee, it is your responsibility to make sure the check is good for the amount. Here are a few ways to ensure the speedy delivery of a check into your account.
Direct deposit is the most efficient way to receive a recurring check — such as your paycheck — and it gives you the quickest access to your funds, as well. When you set up a direct deposit, money gets transferred from another bank directly into your account. Making a mobile deposit is another fast way to get your check to clear. Most major banks, including Chase, Wells Fargo, Bank of America and Capital One, offer apps that enable you to take a picture of both sides of your check, enter relevant information, and send it to the bank.
Funds from mobile check deposits are often available the next business day. If you have a history of being reliable, your bank might trust you enough to speed up the process. This article has been updated with additional reporting since its original publication. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. Every day, get fresh ideas on how to save and make money and achieve your financial goals.
Sponsored Links by Zergnet. Sign up for our daily newsletter for the latest financial news and trending topics. For our full Privacy Policy, click here. Advertiser Disclosure. By John Csiszar July 30, Eastern time through QuickDeposit; funds available for withdrawal by the second business day after day of deposit Bank of America Same-day credit if deposit is made by 9 p. Eastern time or 8 p. Pacific time or Mountain time; funds generally available next business day Wells Fargo Cutoff time varies, but funds generally credit to account the same day if check is deposited on a business day Citibank Funds available immediately if check is deposited via direct deposit U.
Bank Cutoff time is 9 p. Central time Monday through Friday; after that or on nonbusiness days or holidays, checks are processed the following business day TD Bank Cutoff time is 8 p.
Watch how it works with this helpful how-to video. Enter the check amount and tap "Front. Enter the amount of the check and tap "Front".
With our "Auto Capture" feature, the picture of the front and back of the endorsed check will be captured — or you can choose to take the pictures manually. Verify your information and submit your deposit. After you submit, you can deposit another check or view the receipt.
Remember to properly endorse the back of the check with your signature and "For electronic deposit only at Chase. Deposits submitted before 11 PM Eastern time on a business day generally will be available by the next business day. Deposits submitted after 11 PM or on a non-business day will be processed the next business day.
However, we may delay availability if we require further review of the deposit. Any information about delayed availability will be provided in the Secure Message Center, which is accessible in the main navigation menu. Please retain the marked check for two business days or until you receive our notification that your QuickDeposit has been accepted. After that time, you may destroy it. Please review its terms, privacy and security policies to see how they apply to you. Skip to main content Please update your browser.
Please update your browser. Close this message. Credit Cards. Checking Accounts. However, you will have to make the deposit over-the-counter at a branch location.
Also, Chase will only accept paper-rolled coins, including quarters, dimes, nickels, and pennies. So, if you have bucket loads of coins to deposit, you may be better off taking them elsewhere to turn them into cash before depositing.
In most cases, you would deposit the money order into your Chase Bank account just like you would with any check. Yes, you can deposit cash using a Chase ATM. However, depositing cash into an ATM is often a bad idea not just with Chase as if for some reason there is an issue with processing your deposit, you may not be able to prove how much cash you deposited and it leaves you more vulnerable to having that money stolen.
Chase does not deposit checks instantly. As a general rule of thumb, checks deposited by 8 PM, will typically be available in your account by Midnight. Checks deposited after 8 PM will be available in your account the next business day.
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