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What happens when you deposit a large check
When a five- or six-figure check hits your account, it can feel like instant money. In reality, a quiet chain of bank rules, ...
A deposit is the money you entrust to a financial institution for safekeeping. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...
Consumers who prefer to make their cash or check deposits at a brick-and-mortar bank location or at an ATM still may need to fill out a deposit slip. A deposit slip ensures that the money is allocated ...
Large checks follow a slower, stricter clearing process, and most of the money isn't available right away. Here's what actually happens behind the scenes.
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