re: Is this banking behavior normal? Re: Holding check

quote:

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the OP has enough money in the account. As to your other comment, sure. But it is 2016. With Check 21 and all the electronic services out there, it's pretty hard to believe that banks still need 5-10 days to verify funds. Plus, if the check does end up being returned, your bank will charge you a fee anyways and take the money back. And if you don't have the money to put back, they will hassle you for it anyways. It's just another example of some banks still being stuck in the 20th century.

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My understanding is that it's not about the check clearing the paying bank, so much as giving a period of time for the remitter to view and dispute the check that cleared their account.