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Life in the USA is a complete guide to American life for immigrants and Americans. All materials on this siteCopyright © Elliot Essman 2007. All rights reserved. Home Back Next
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Life in the USA Personal Finance Banks
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Endorsements and Check Clearing
If someone makes a check out to you, you must endorse (sign) it before depositing it in your account. You will then have to wait for the check to "clear" (which means your bank has successfully collected the money from the bank the check is drawn against) before you can safely write a check against the money or withdraw it from the bank. Local checks should only take a day or two to clear, out-of-town checks a week or so. Next Section: Automatic Teller Machines Personal Finance: Chapter Home
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