How do I cash a 50000 check?
Go to the issuing bank Generally, banks that issue large checks can also cash them.
You can go there even if you are not a customer.
In this case, the bank may not charge you anything for the process, or just a small fee..
What happens when you deposit a check over $10000?
Depositing a big amount of cash that is $10,000 or more means your bank or credit union will report it to the federal government. The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970, and adjusted with the Patriot Act in 2002.
How long does it take for a $25000 check to clear?
On average, it takes two to five business days for a check to clear. Business days are generally considered any weekday, Monday through Friday, that isn’t a bank holiday.
How long does stimulus check take to clear?
Once a payment is mailed, the IRS reports it may take up to 14 days for you to receive it. Visit irs.gov/coronavirus for the latest information.
How long does it take for a $5000 check to clear?
Deposits of $5,000 or less usually clear within 3 business days. Deposits of more than $5,000 usually take 4 business days to clear. The first $200 of the total check deposits will be available no later than the first business day after the deposit, usually available immediately.
How long does it take for a check over 10 000 to clear?
Originally Answered: How long does it take a 10,000 check to clear? Depends upon the bank, your status with the bank, how much you have on deposit, etc. Generally speaking banks want 3–4 business days to “move money” which I personally think is BS.