2767307
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Power of Attorney Money Transfer

@joannebaca - for awareness, all financial institutions are beholden to Reg CC which is a federal government regulation that sets standards for check clearing and requires financial institution to publish their check hold policy.   While there are standards, each financial institution can have their own policy within the federal standards so, for example,  large dollar value checks, out of local area checks, etc can be held for different lengths of time at different financial institutions based on the financial institution's indivual policy that they are required to publish to its customers.

 

You may have just been dealing with a credit union that was quite conservative and found a bank that is more liberal in their check cashing policies.  

 

Credit unions and Banks both follow the same federal policy - Reg CC. 

Power of Attorney Money Transfer

Yes I've had the same trouble with big named banks.  Had trouble closing accounts, and getting access to accounts that were in a trust that my husband is the trustee when his father died.  Think it took a couple months!  And my husband had a Special Needs Trust for his brother at a credit union. Think that was only particular to your credit union.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question