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Also, regarding the cashiers check. Although banks normally allow you access to funds either that day or the next day on a cashiers check, it actually can takes the check up to 3 or 4 weeks to clear the system. If the check comes back as fraud, and you have taken out the cash, then you are on the hook for that money. Therefore it is up to the bank as to how long they wish to hold the check prior to releasing funds. If the guy who you sent the check to has had a history with his bank of depositing bad checks, then they may have instituted this hold to cover their increased risk.
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