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  2. Expedited Funds Availability Act - Wikipedia

    en.wikipedia.org/wiki/Expedited_Funds...

    Regulation CC stipulates four types of holds that a bank may place on a check deposit at its discretion. Each has its own qualifications and it is legal for the bank to place any type where the requirements are met, although bank policy may instruct that the type of hold placed be the one that holds the most funds the longest that can be applied legally.

  3. Why Does My Bank Hold My Checks?

    www.aol.com/finance/why-does-bank-hold-checks...

    Large checks: Depositing a larger check could result in a hold if the bank wants to first verify that the check-writer has enough money to cover it. Banks must generally make the first $5,525 ...

  4. What Is a Canceled Check and Why Does It Matter? - AOL

    www.aol.com/canceled-check-know-225201459.html

    A canceled check is a check that has processed and cleared by the bank; in other words, the bank has paid for it. The funds have moved from the check issuer’s account to the recipient’s account.

  5. Bank reserves - Wikipedia

    en.wikipedia.org/wiki/Bank_reserves

    Bank reserves are a commercial bank's cash holdings physically held by the bank, [1] and deposits held in the bank's account with the central bank.Under the fractional-reserve banking system used in most countries, central banks may set minimum reserve requirements that mandate commercial banks under their purview to hold cash or deposits at the central bank equivalent to at least a prescribed ...

  6. Cheque clearing - Wikipedia

    en.wikipedia.org/wiki/Cheque_clearing

    Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.

  7. What Are the Cashier’s Check Fees at Chase, Bank of ... - AOL

    www.aol.com/cashier-check-fees-chase-bank...

    Cashier's checks, often used for down payments on homes or vehicles, serve as a bank-certified alternative to personal checks. Rather than being drawn from the funds in a personal account, a ...

  8. Deposit slip - Wikipedia

    en.wikipedia.org/wiki/Deposit_slip

    The categories include type of item, and if it is a cheque or cash and which bank it is from, such as a local bank or not. The bank teller keeps the deposit slip along with the deposit (cash and cheques), and provides the depositor with a receipt. They can be filled in prior to attending the bank, making it more convenient when paying in.

  9. 6 best ways to FDIC-insure your excess bank deposits - AOL

    www.aol.com/finance/ways-to-insure-excess-bank...

    2. Open an account in a different ownership category. If you want to keep all your money in one FDIC-insured bank, you may be able to insure deposits of more than $250,000 by opening different ...

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