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DukeYou know what's worse than that?
One Friday I got a Cashier's Check for $5000 out of my savings account to buy a car. The teller went to great length to explain that the funds were deducted instantly from my account, because it was the same as cash once signed, and the funds were guaranteed to the person receiving the check.
Saturday I went to look at the car and declined to buy it.
Monday, I went back to the same teller at MY OWN BANK and re-deposited the check in the same account...
...and was told with a straight face that it would take 5 days to clear.
I don't how you deal with it... but that sort of thing REALLY annoys me. 5 days at your own bank?! That's insane. The last time I deposited a check it took 5 days to clear (and it occured incrementally -- $400, then x amount, then the rest).
I don't know why that happens, but my guess is because our deposits are considered liabilities on the banks balance sheet, they want to make it easier to get rid of it (quick debits), and harder to accumulate (slow credits).