How Long Does It Take For Checks To Appear On Your Statement?

How long does it take for checks to appear on your statement? Online banking makes it easier than ever to keep track of your account balances, and the status of pending checks and other transactions. Online...

Online banking makes it easier than ever to keep track of your account balances, and the status of pending checks and other transactions. Problems may arise however, if you don't count outstanding checks against your current balance. It's important to understand when checks may appear on your statements, and why they sometimes do not appear right away.

When will a check normally appear on an online statement?

"Whenever the check posts, it should show up the next business day," says Steve Twirago, personal banker with Chase Bank.

Your check will also appear on your printed statement. When you receive this statement will depend on your bank and your account type.

Twirago says, "Chase's go out mid-month. Some statements come out quarterly, depending on what kind of account you have."

When your check is presented to a bank, the teller will cash the check and then put it in a stack with other cashed checks. Then at intervals during the day, these checks will be cashed out.

The checks are matched against the teller's balance to be sure no errors have been made. The number of checks and the total amount cashed must match what the teller has in his or her drawer. These checks are then sent for processing.

These checks are then given to employees in the bank to be run through their system. The checks are run one by one through a proof machine. This machine will imprint the amount of the check along the bottom of the check. The checks are once again compared to the balances reported by the teller for errors.

The checks are then run through a branch capture machine. This machine will take a photocopy of the check, much like the ones that appear on your statement. Account and routing numbers are recorded, along with the amount of the check, and all information is verified.

After the checks are processed, they are sent out. If your check is cashed at your bank, it will be sent to your bank's headquarters. If the check was cashed at another bank, that bank will deposit that check, along with all other checks they received, to retrieve their cash.

This may seem like a long process but it actually goes pretty quickly. Your bank takes many steps to insure all information on your account is correct, but there are times when a check will not appear on your statement.

Twirago says the most common reason this happens is because the check simply has not been presented for payment yet. However, you should never assume it has not been cashed.

"It might have been cashed, just not before the ending period for that particular statement," explains Twirago. "So, if the statements get printed and mailed on the 15th, somebody cashes it on the 16th, and you get the statement in the mail on the 17th, it's not there."

To avoid any confusion regarding the status of your check, you should deduct the amount of the check from you account the moment you write it. Never write a check based on your balance rather than your records.

Although online banking makes information move much quicker, there are times when your check is not noted on your statement right away. It's always smart to allow a little time for a check to appear before considering that it may have been lost or stolen.

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