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<p>[QUOTE=&quot;CamaroDMD, post: 1262640, member: 5233&quot;]There is two things here that are left out though.&nbsp; First, the fact that the check was drawn on another bank makes it impossible that the bank will make it all available that day.&nbsp; I know they called the other bank and verified the funds...but it still won&#039;t happen.&nbsp; A lot of things could happen to the money in the other bank&#039;s account before the check is processed and funds transferred.&nbsp; $673K is a lot of money for a bank to lose.&nbsp; Secondly, as I already said...bank branches don&#039;t have an extra $673K sitting around in their vault for just such an emergency.&nbsp; So, even if they were willing to cash out the check that day...they wouldn&#039;t have been able to.</p><p><br /></p><p>First off, I don&#039;t believe this story.&nbsp; It might have a thread of truth...but it has been spun a million different ways.</p><p><br /></p><p>Here is exactly how this could be done and how a bank would do it.&nbsp; Bank customer comes in and wants to cash $673K check drawn off another bank...customer is a male/female of any adult age (doesn&#039;t matter).&nbsp; Because of the size of the check, banker calls bank it&#039;s drawn from to verify check is good.&nbsp; Once confirmed, banker would explain to customer that they cannot cash the check due to the amount.&nbsp; Check will need to be deposited and held for a couple weeks until it clears and the funds are transferred.&nbsp; Once that occurs, and the money is safely in the account of customer it can be withdrawn.&nbsp; If the customer chooses to withdraw that volume of cash at one time, prior arrangement with her branch needs to be made 7-10 business days in advance.&nbsp; Bank branches simply don&#039;t keep that extra volume of cash lying around and thus it would needed to be special ordered.&nbsp; This is the only way the bank would do this.</p><p><br /></p><p>Now, if the check was drawn off the same bank...there would be no hold for funds but the 7-10 business days to order the money would be required.&nbsp; The bank would also contact the issuer of the check to ensure it&#039;s valid.[/QUOTE]</p><p><br /></p>

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