I receive checks from companies in Australia and Saudi for quite large amounts. How long does it take before I am assured that they have cleared the bank and cannot be reversed?
If those checks are drawn on banks in Australia and Saudi Arabia, we can't offer you a helpful answer. Banking and negotiable instruments laws vary from country to country, and if a return of one of those checks meets the laws of the country in question, you'll be charged for the return, regardless of how long it takes to reach your U.S. bank.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If those checks are drawn on banks in Australia and Saudi Arabia, we can't offer you a helpful answer. Banking and negotiable instruments laws vary from country to country, and if a return of one of those checks meets the laws of the country in question, you'll be charged for the return, regardless of how long it takes to reach your U.S. bank.
