NETeller Deposits

[KUJustin]

So, the EFT deposit (or whatever they call it) takes 4-5 business days to show up in my account.

My question is how soon do they *take* the money out of my bank? I put in a check but there's a hold on it so it won't be available for 3-4 days. Do I need to wait for that check to even request the deposit or does NETeller wait to take my money until they're ready to give it?

[stephan]

I think they wait several days. I did exactly what you did, but I had insufficient funds in my bank and it seemed like they waited a day or two extra before they finished the transaction.

[cgwahl]

The money will usually be out of your account after a day or two. But I guess they wait a few days after for it to clear or something.

Or to collect interest, or to entice you to use InstaCash.