It typically takes about 1 to 2 business days for a check to clear after being deposited. Banks usually make the first $200–$225 of the deposit available by the next business day, with the remaining amount available within two business days
. However, several factors can affect this timeline, including:
- The amount of the check (larger checks may be held longer, especially amounts over $5,525, which can be held for up to five business days)
- The type of check (government, cashier’s, and checks drawn on the same bank often clear faster, sometimes within one business day)
- The depositor’s relationship with the bank and account history (new accounts or unusual deposits may experience longer holds)
- The bank’s specific policies and cutoff times for deposits
- Checks from foreign banks or international checks usually take longer to clear
In some countries like the UK, under the Image Clearing Scheme, sterling cheques typically clear in one working day after deposit if paid in before a certain cutoff time (e.g., 3:30 pm), otherwise two working days
. In summary, while most checks clear within 1-2 business days, it can take longer depending on the check type, amount, bank policies, and other factors. It’s advisable to check with your bank for specific hold times and availability of funds to avoid fees from using uncleared funds
