Schlegel Farms, Hagerstown Indiana | How long does your bank put a hold on a large check?
I deposited one in and they said 10 days hold for the biggest part of it.
I've never had a hold put on a check before, and it was from a well known local company (grain purchase).
I might have understood had it been a personal check ..... but not from a business.
When questioned they said it was because of new regulations.
It's not going to cause a problem this time, but who knows down the road.
The branch manager said the only way around it is to have the money wired. |