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Cashing a Wells Fargo check in Baton Rouge
Posted on 7/29/12 at 2:17 pm
Posted on 7/29/12 at 2:17 pm
I need to cash a check from Wells Fargo. I'm in Baton Rouge. I looked on their site and they have no branch banks in Louisiana. I'd rather cash it at a wells Fargo bank and deposit the cash in my account than just depositing it in my account and waiting a week and a half to post. The check is for 4k. And yes, it takes that long. I deposited a cashier's check in my wife's account for $6k and it took a week and a half.
6
Posted on 7/29/12 at 2:51 pm to 70739tigah
you can probably cash it at another bank for a fee.
Posted on 7/29/12 at 3:08 pm to 70739tigah
quote:
I deposited a cashier's check in my wife's account for $6k and it took a week and a half.
Yeah, a bank can put a hold on your funds for as long a ten days.
You should call Wells Fargo's customer Service number and see if there is somewhere local to cash the check. Sometimes a bank will enter into an arrangement where another bank cashes their checks as if they were their own.
If not, your only option is to cash it for a fee at a check cashing place (I don't believe banks offer this service a lot).
Before you do that, you might want to also call your bank and ask how long of a hold they are planning to put on our 4k. It usually differed by dollar amount so it might not be so bad.
Posted on 7/29/12 at 3:46 pm to 70739tigah
I'm not sure why this is the case, but I've found that depositing an out-of-town check but taking some cash out on the deposit slip seems to speed the process. Any bankers have an explanation?
Posted on 7/29/12 at 4:22 pm to Layabout
quote:
I'm not sure why this is the case, but I've found that depositing an out-of-town check but taking some cash out on the deposit slip seems to speed the process. Any bankers have an explanation?
It could be that the cash back put the net deposit amount "under the line". For example, check deposits of 5K or greater aren't available for 5 days, but you get $200 cash back so your $4800 dollar deposit only requires a 2 day hold.
ETA: This is just a hypothetical. These rules vary from bank to bank and are often applied arbitrarily by any given bank.
This post was edited on 7/29/12 at 4:25 pm
Posted on 7/29/12 at 7:34 pm to 70739tigah
You may be good at 4k. Anything over 5k falls under Regulation CC.
I would still contact Wells Fargo to see if they have any agreements with local/national branch.
FYI
quote:
Regulation CC stipulates four types of holds that a bank may place on a check deposit at its discretion.
I would still contact Wells Fargo to see if they have any agreements with local/national branch.
FYI
Posted on 7/29/12 at 7:38 pm to 70739tigah
We had this issue for a check that was $11 grand. Call their customer service and tell them your issue and should redirect u to another bank. That's how it went for us last year.
Posted on 7/29/12 at 11:27 pm to 70739tigah
If you are on good terms with your bank, ask a manager there if they can "memo post" the check.
Sometimes they will call the other bank to verify funds and then can manually post the deposit (ie, make it available as cash in your account) through a memo post.
Sometimes they will call the other bank to verify funds and then can manually post the deposit (ie, make it available as cash in your account) through a memo post.
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