Quote:
Originally Posted by Gerbs
@HappySlip
Yeah, normally if someone needs it right away, I'll tell them to go to whatever branch they normally go to. Or have some sort of relationship with. The clerk can't run it through without the approval of the branch manager and the branch manager will always tell the clerk to put it on hold. This is because they don't want the risk of having it go bad and then having to explain to people higher up.
Was the cheque from a canadian bank? US Banks take up to 10 to 15 business days. Even if a hold is placed on the cheque, it can easily be removed in like 5 seconds. It's just the person removing it has the liability if things go sour. Which honestly happens maybe only once a twice a month. If you have a large portfolio with the bank the financial planner can also remove the hold. I've seen them remove holds for $500k to 3mm cheques before.
|
The cheque from was TD bank and I normally bank at BMO. I call up the branch manager I open my account with and he clear the hold but there is no confirmation he can give me. Anyways going to try to push the lawyer office to give me the amount I need to pay and open a bank draft. Hopefully I can a call from my lawyer office either today or tomorrow so if the bank still hold my funds I can actually get it sorted before next week.