Learn about the Bank of First Deposit (BOFD) and its role in check processing. Discover key differences between "on-us" and "transit" items and how they affect your transactions.

Depositing a check used to mean driving to a branch and waiting in line. With an online bank, it usually means taking two photos and tapping a button. The process is simple, but there are a few ...

When a five- or six-figure check hits your account, it can feel like instant money. In reality, a quiet chain of bank rules, federal regulations, and fraud checks kicks in before you can safely spend ...

Most checks clear within 2 business days, though some banks may hold funds for up to 7 days depending on the check amount and type. The first $225 of any check deposit must be available by the next ...