Quote:
Originally Posted by SharyC
FYI - Last week I received a cashiers check from a recently matured CD from my bank in another state. I went to Citizens First Bank drive thru to deposit this check into my account. To my surprise, I was told that there would be a 2 business day hold on approximately 10% of the deposited check, however there would be a 7 business day hold on the remaining portion of balance of the funds. The bank had me sign a statement to acknowledge the time period. In all my years of banking with various institutions, I have never encountered this type of hold on a check.
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wire transfer is the best way, but that also can have fraud, but not likely