9 Things Your Banker Won’t Tell You
1. Your whole deposit isn't available immediately
This information is somewhere in your account materials, but your banker isn't going to actually tell you this when you make your deposit. Some banks only allow you access to the first $50 or $100 of your deposit. So, if you make a $500 deposit, $400 of it may not be available until the next business day - or later. That means that you can still bounce checks or overdraw your account (and the bank can collect the fee), even though you made your deposit. Ask your banker when the full deposit will become available, since he or she is unlikely to volunteer the information.
2. A post-date on a check means nothing
If you are giving out a post-dated check, you have to trust the recipient not to cash it ahead of schedule, because the bank is likely to just run it through when it arrives without looking at the date on it. Even if the teller looks at the date, a bank has no legal obligation to honor the date on the post-dated check. The bank will accept the check and it could bounce.
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http://www.money-rates.com/news/9-things-your-banker-wont-tell-you.htm
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