FTP Check on hold by Chase - a couple of questions

[Annorax]

[ QUOTE ]
The FTP check I got for only a few hundred is on a 14 day hold. It is drawn off a Canadian Bank in U.S. dollars.

The oddest check I have received yet from a site since October. Says in small print U.S. Funds, which looks like I added it myself, not even in the same font size as the rest of the check. Found out this is why my bank has held it, they don't think it is drawn on U.S. funds.

Fcccuk the U.S. Gov and ffffccuk these goofy checks. This is getting old.

-Brendan

[/ QUOTE ]

Report that to the site. They don't want shady processors and shady check processing actions making them look shady.

The 14 day hold is SOP. They have to use a collections process to clear a check from a non-US bank, whether or not it's in US funds, and that's about how long it takes to clear it.

[Roma Norgy]

Damn it, I just deposited a check on Saturday into Chase Bank and need the money for Vegas which I'll be flying into on Wednesday. It hasn't cleared yet and I'm worried it might be on hold.

Will they be able to give me the check back tomorrow if I get it another morning to clear? Or would my best bet be to go down there now and see what's up?

PS: Trip report on the outcome of OP's check? Today is 5/14.

[ajml]

I got one of these kinda shady looking US funds checks from Full Tilt for $600. My bank started questioning it to me and I just told them whatever its legit put it on hold until it clears I dont care. When I got home they put a hold on $150 of the 600??? (I had >600 in my account so thats not the reason). Anyways... the 7 day hold expired today and the rest of the money is there. Kinda a hassle but not a big deal in the long run.

[Roma Norgy]

TY for the info ajml, but this check didn't even look shady, I deposited it inside the branch and the teller never even looked twice.

Hopefully it clears by tomorrow, if not I'll just take it to my small town bank that never gives me any [censored].