Legal Question in Banking Law in Massachusetts
When is cash handed to a teller available. I was under the impression it was immediate. but the bank tells me I am wrong. They have nabbed in excess of 200+ dollars from me. I just would like to know when cash is legally available.
Asked on 8/16/09, 6:44 pm
1 Answer from Attorneys
ERNEST BIANDO
LAW OFFICE OF ERNEST T. BIANDO, LLC
It becomes available when the bank "Post" it-in other words the bank needs to record and enter it-generally this takes time-so no not immediate.
Answered on 8/23/09, 5:59 pm
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