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 xti16

I use 2 different banks. With 1 I can see on line when it clears and with the other I just have to look at my balance and when it changes. Maybe it's just me but I can't believe the bank can't tell you when it cleared.

That being said I can say I have read right here on AGon where checks and money orders have cleared but later rescinded. They also may have been international transactions.