I deposited my Christmas bonus check in my bank account. Now they are telling me that there is a five business day hold on the payroll, taxed check. Can they do this?
Yes, they can, if the check is drawn on a bank that is distant from your branch. What may have been your employer's plan to put a physical check in your hands to enhance the significance of the bonus payment has apparently had a negative side effect. If the bonus had been sent by direct deposit, you would not have seen and felt it, and you would not have had a hold placed on it.
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Yes, they can, if the check is drawn on a bank that is distant from your branch. What may have been your employer's plan to put a physical check in your hands to enhance the significance of the bonus payment has apparently had a negative side effect. If the bonus had been sent by direct deposit, you would not have seen and felt it, and you would not have had a hold placed on it.
