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Tom writes a check to Marty, both of whom have accounts at L.A.

Bank. Marty deposits the check on Monday. It is available to Marty
on _____.
a. Friday
b. Thursday
c. Wednesday
d. Monday itself
e. Tuesday

1 Answer

6 votes

After depositing a check on Monday, the funds are typically made available to the recipient by Wednesday, following the standard check clearing process.

The question deals with the timeframe in which a check is cleared and funds are made available in the recipient's account after a deposit. Generally, banks have a standard clearing process that can take several business days. The exact time can vary based on the bank's policies, but a common practice is for checks deposited on a Monday to be available by Wednesday. This is due to the check clearing process which usually involves verifying the funds with the check writer's bank, and then making those funds available in the recipient's account.

Therefore, the funds from Tom's check that Marty deposited on Monday would likely be available on Wednesday.

User Tony Wu
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