Hi, Guest
09-21-2007, 10:11 AM
Usually when you deposit a cheque to your account the bank will withhold funds on that amount for 10 or even more business days. Remember, even though a cheque may clear the clearing house, it can still be rejected (ie: stop payment) anytime up to the point when the cheque physically gets back to the other person's branch. And then the rejected cheque has to make its way back to your branch at which point your account will be debited. So 5 days isn't nearly enough.
cornflakes,Sep 20 2007, 07:28 PM Wrote:aw lucky!! I called TD and they said it will cost me $15.00 to check the cheque. hey said its $10 for TD clients and $15 for non-TD clients.
Yikes!
Is the next best thing simply to deposit the cheque in my bank account and see if it clears after 5 days?
My bank (RBC) told me if the cheque doesn't clear, it will cost me $7.00.
So that's cheaper.
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2003 Focus ZX5 infra-red Track Rat - R*I*P
2003 ZX5 CD Silver Track Rat - retired, but still in the driveway
New track rat: 2000 ZX3, Atlantic Blue * JRSC with lots more to come
* New Zetec crate motor - NFG - thanks Topspeed *