Capital One says up to 10 weeks to clear a Canadian check?

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atikovi
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Capital One says up to 10 weeks to clear a Canadian check?

Post by atikovi »

Got a check drawn on a Canadian bank in US funds and when I take it to Capital One, they say it should take a couple of weeks to clear and could be as long as 10 weeks. [(removed) --admin LadyGeek]

[Check image deleted - moderator Flyer24]
runner3081
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by runner3081 »

I would delete this image, too easy to track people down by name.
ohai
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by ohai »

What? Why post a check image at all? We believe you that the check exists.
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atikovi
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by atikovi »

Name is completely blurred. Duh.
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whodidntante
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by whodidntante »

runner3081 wrote: Wed Jan 29, 2020 6:05 pm I would delete this image, too easy to track people down by name.
His username is his real name.
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timboktoo
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by timboktoo »

Eh?

- Tim
jackplante
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by jackplante »

I had the same issue with Bank of America. I eventually had it deposited in a schwab checking account, it took 3 weeks in the end.
JohnFiscal
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by JohnFiscal »

I think that is a very common issue. It's not so bad when sending checks from US to Canada, they are used to this sort of thing. But not here in the US.

A recent thread in the Bogleheads' sister forum in Canada discusses ways to send a small-ish amount of money from Canada to a relative in the US. It may give insight into the obstacles presented and other options than checks (or cheques).

Note that RBC is not a small potatos bank either. They even have a US presence, though no longer with brick and mortar stores (we have an account there and also at their Canadian shop)

https://www.financialwisdomforum.org/fo ... 5&t=122395


atikovi wrote: Wed Jan 29, 2020 5:58 pm Got a check drawn on a Canadian bank in US funds and when I take it to Capital One, they say it should take a couple of weeks to clear and could be as long as 10 weeks. WTF?
Trism
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by Trism »

One of the big banks (WF or BoA, I don't recall) told us it would take 10-12 weeks for a cashier's check from Turkey to clear, but the funds were made available in around 3 weeks.
NewPhoneWhoDis
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by NewPhoneWhoDis »

Yeah I would be very surprised if it takes the full 10 weeks. They gave that estimate to give themselves cover (and I'm sure 10 weeks is their standard estimate of availability for all foreign check deposits). Reg CC governs this and they are within their rights to do so.
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atikovi
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by atikovi »

whodidntante wrote: Wed Jan 29, 2020 6:09 pm
runner3081 wrote: Wed Jan 29, 2020 6:05 pm I would delete this image, too easy to track people down by name.
His username is his real name.
BINGO. But I see the photo was removed already. A bit of paranoia these like when people blur out the license plate when they post a picture of their car.
hmw
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by hmw »

I deposit this type of check at my local credit union. They usually tell me that it may take up to 6 weeks but in my experience it usually clears much quicker than that.
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atikovi
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Re: Capital One says up to 10 weeks to clear a Canadian check?

Post by atikovi »

Check cleared yesterday.
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