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Funds Availability Keeps Changing

I deposited an out-of-state check. The bank said it would put a five day hold on the funds and gave me a receipt with the date the funds would be available. I sent them an email asking for the money to be available, since the check has cleared and they are now telling me I wont be able to draw for two more days. Don't they have to stand to the original promise on the receipt?

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The bank should be bound by its first notice to you unless it provides another written notice indicating why it has delayed your access further. It's possible that such a notice has been mailed to you, but you haven't yet received it.

Published on BankingQuestions.com 11/06/08