How can I cash a large check without having it put on hold?
Ok I have a large check over 20,000 for my structured settlement and it is from a different bank than the bank that I have an account at…. MY bank is Banner Bank and the Bank that’s named on the check is Washington Mutual….
Is there a way that I can take my check to any Washington Mutual Bank to have it cashed right away or will they still have to put it on hold for a while???
please answer!
And no rude comments plz!! =)
Thanks =)
If you go to the branch of Washington Mutual where it was drawn, you should be able to get it straight away. They may suggest lodging it by credit transfer to your own bank, safer than carrying around bundles of cash, but then you would still have to wait a few business days for it to reach your account. You would also need to bring proof of who you are with you – they obviously don’t want to hand out the money to someone who may not be the intended recipient. A passport should do.
It would be simpler to deposit it in your own bank account and wait for it to clear, even if it takes a week or so.
