Quote:
Originally Posted by cicy33
What intrigues me is that if I write a check and give it to a business it will clear really fast. But if I deposit a check from a long standing business they hold it for 9 business days. That is actually two weeks by the way. I just find this interesting.
|
Just because you see your check charged to your account rather quickly, does not mean that the business you paid received credit for that deposit in the same amount of time. I'd suspect that they are receiving credit at the same rate that you do (or something comparable, if they are using a different bank).