Banking delay

Banking delay,

Definition of Banking delay:

  1. A period of time necessary for processing and clearing a check through a banking system. Local checks generally take a few days, while out-of-state or foreign checks may take longer. A banking delay should not be confused with a check hold, which is the fullest extent of time a bank may forgo crediting a depositors account as it works to acquire the funds.

Meaning of Banking delay & Banking delay Definition