How Quickly Does Cash Move?
Once you compose a check, it’s better to have the money for sale in your bank checking account and assume that the income is fully gone when you result in the repayment. Having said that, more often than not, the check won’t clear for a couple of days (or longer), and that means you may wonder what to expect once you write a check.
Whenever you pay with a check, the funds typically don’t keep your account until your payee’s bank requests the funds from your own bank. Read more “Whenever Does the amount of money Keep Your Bank Account?”