tax refund check
By teamrose
@teamrose (1492)
United States
February 24, 2010 1:23pm CST
My friend deposited her federal tax return check last night, a check drawn on the US treasury. They put a 3 day hold on it. Am I missing the bigger picture here? Is somebody worried it's going to bounce? If so, the bank has bigger problems than her measly little check.
2 responses
@hofferp (4734)
• United States
25 Feb 10
Now, that's funny. If they put a hold on my federal tax refund, the automatic withdrawal for the State of NM is going to bounce.
@goldeneagle (6743)
• United States
26 Mar 10
I used to work in a credit union. Some banks have a policy that any check over a certain amount is put on a hold, no matter where the check is from or who it is written to. Three days in about the norm, although they do have the right to hold a check for up to 30 days. Holds of 3-10 days are common, though, especially if the person cashing/depositing the check does not already have enough money in their account to cover the check...
