Strange.
When I deposit a check in an account only a portion of it is immediately "available".
So I'm guessing they're just using that available proportion all the time?
When I deposit a check in an account only a portion of it is immediately "available".
So I'm guessing they're just using that available proportion all the time?
If you don't think a check will clear, don't deposit it. Ask for cash or a wire from the sender (cashier check fraud is a thing).
Indeed! Many people are not aware that even valid cashier checks can have a stop-payment put on them if someone claims the check has been 'lost'
There's what you see as clearing vs. actual clearing.
I've also had, with very large deposits, to call my bank and insist they call the other bank because they only way they'll clear the check is through manual verification. (This was a big bank and a smaller credit union -- 15 days later the big bank would only clear the check with a phone call from the credit union, but wouldn't tell me why/how and took a lot of digging from me to get the hold lifted. It also turned out the credit union had given the big bank the OK two days in, but big bank's system didn't "read" it somehow).
In other words, things can still VERY manual when it comes to check clearing, particularly large checks.