Link to "Who Is Responsible for Losses to Your Account?" Link to contents for "Don’t Be the Victim of a Check Scam!"      Link to "Why Didn’t the Bank Know the Check Was Bad?"

Why Did the Bank Allow You to Withdraw the Money?

Federal law requires banks to make deposited funds available within 1 to 5 business days. Just because you can withdraw cash from your account soon after depositing a check or money order doesn’t mean the item you deposited is valid. It can be weeks before a check or money order is discovered to be a counterfeit and returned to your bank unpaid.




Link to "Who Is Responsible for Losses to Your Account?" Link to contents for "Don’t Be the Victim of a Check Scam!"      Link to "Why Didn’t the Bank Know the Check Was Bad?"