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Bank holds on deposits above $5525?
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ccjersey
Posted 8/31/2024 23:51 (#10874211 - in reply to #10873898)
Subject: RE: Bank holds on deposits above $5525?


Faunsdale, AL
Got a call from my bank a month ago. Said there’s a suspicious check has come through on my account. I said how is it suspicious? Well it’s printed and you have never had any printed checks. Yeah, it can’t be something I wrote.

So when can you come in and sign the affidavit that it’s forged? I was out of the state and wouldn’t be back for a day. She said they would return it without the affidavit so the bank that had taken it could have the extra day to stop the loss.

It’s a real problem. The holds are one way to combat it.
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