I deposited some traveler's checks drawn on a foreign bank. How long should I wait to be sure they are good?
A definite time cannot be specified because foreign banks aren't subject to our laws. Foreign checks have been known to be returned unpaid two or more months after being deposited. Waiting eight weeks would give you pretty good odds that the checks would not come back to haunt you.
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A definite time cannot be specified because foreign banks aren't subject to our laws. Foreign checks have been known to be returned unpaid two or more months after being deposited. Waiting eight weeks would give you pretty good odds that the checks would not come back to haunt you.
