Cheques Hold-Time to be Reduced

Canada is changing rules related to financial institutions like banks releasing funds for deposited chques. Under new guidelines, if a cheque has a value of less than $ 1,500.00, the hold on it for personal and small businesses will be reduced to a maximum of four business days, starting from the day after it was deposited, if it was deposited in person at a branch. If the cheque was deposited … [Read more...]

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