just wondering since i bank with bank of america, they want me to deposit any cash or check through ATMs.. perosnally dont like it.. but oh well, will there be any problems or anything depositing a check from FTP?? how will i know that it has been cleared?? thanks you guys!

Take the check to the bank it is drawn off of and cash it there. That way there won't be a question of whether or not it cleared. I believe the checks FTP cuts are drawn off of Wells Fargo. Just look at the front of the check and look at the name of the bank on there, then take it to that bank and they can cash it out with zero waiting. Plus that check will never show up in your deposit history at your institution and the government will never know.

Originally Posted by JohnnyFronts

Take the check to the bank it is drawn off of and cash it there. That way there won't be a question of whether or not it cleared. I believe the checks FTP cuts are drawn off of Wells Fargo. Just look at the front of the check and look at the name of the bank on there, then take it to that bank and they can cash it out with zero waiting. Plus that check will never show up in your deposit history at your institution and the government will never know.

Not true, FT cuts checks from a number of payment processors. My last two checks came a week apart, one from FL the other from CA, one a large well-known bank (not Wells Fargo) the other from what appeared to be a local mom & pop. Not sure if that's new as a result of the funds freeze a couple months back or business as usual, since I had never cashed out from FT before, but they are definitely "diversifed" now.

Whether you deposit in an ATM, a night drop, or the teller window, the check "clears" the same way and takes the same amount of time. The only difference is that it may be some hours before it's actually collected and processed by your bank versus handing it to a teller. Unless you're a well established customer with a regular, reliable balance history, they're typically not going to immediately post all the funds to your account until it's had time to clear FT's bank. This can take anywhere from a day to several days. You'll know that it's cleared when the funds post to your available balance.

In certain cases, where the check takes an unusual amount of time to clear, by law the bank must make the funds available to you. However if the check winds up bouncing due to NSF, stop-payment, account seizure, etc., then you will be responsible for replacing those funds. That said, I've never heard of a problem with FT checks outside of the seizure situation, and they made good on those funds quickly.

I have deposited checks from FTP and PS through ATM. Not having any problem at all. I guess if you deposit and wait for a week and still don't hear anything from your bank, you are in good shape.

Dmorris, I was unaware of the new checks being issued from FT. Thanks for updating me on the information. However, I still suggest taking the check to the bank it is drawn from to cash it, that way you avoid any deposit hangups.

Hey I have some kind of gambling restrictions thats set to my account at Wells Fargo.. I think they noticed I have been withdrawaling alot of money in one week.

But yea I ended up putting 800 on full tilt and just cashed out 1870. I was just wondering if Im going to have any problems cashing it since they have that gambling restriction on it? How should I go about doing it when the check gets here. Thanks