How long do you wait for a check to clear


Hello, I'm selling some equipment for several thousand dollars. I told the buyer that I would take a personal check and send the equipment after it clears. My bank said that they couldn't tell me when it cleared, only if it was returned. They said that in most cases it should be ok in 10 business days. I'm not sure when to ship the equipment Does anyone have any experience with this? Help!!
bwos

Showing 1 response by marakanetz

Slikric3000,
If the bank is the same it clears the same day as cash.
Other than that always next day clearance. If the bank is major and has all new processing technology it would clear next day. Other than that despite passed local or global laws it may clear longer.