Clearing check in foreign banks...how long?Posted By Patrick Kelly |
I've sent a certified bank check, from a major US bank, to an AM seller in Canada in late April. Word is that they don't recognize this as bank check, don't recognize the name of the bank (BB&T) and are handling it as a personal check. I know stuff takes time to clear, which is cool, but I'm told the funds are "frozen" til possibly June 11 or so...a month or bit more to clear.
What's a reasonable amount of time for a certified check to clear foreign banks? With the US banking in so much turmoil are they suspicious I'm good for the $$...just curious. I'm a patient sort but never had a situation like this.
Thanks
Pat in maryland
What's a reasonable amount of time for a certified check to clear foreign banks? With the US banking in so much turmoil are they suspicious I'm good for the $$...just curious. I'm a patient sort but never had a situation like this.
Thanks
Pat in maryland