Legal Question in Banking Law in Utah
bank refusing to distribute funds from a checking account
Can a bank refuse to make funds available from a check after the check was cleared by the issuing bank.
Asked on 6/10/09, 3:52 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: bank refusing to distribute funds from a checking account
Most banks have policies which allow them to hold a check for a certain number of days before issuing funds. These policies are legal.
Answered on 6/10/09, 5:34 pm
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