Question Re: banking & e-checks

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Why does it take so long for offshore books to receive e-check confirmation of clearance. Monies cleared checking account 2 weeks ago, but offshore book says they still havn't received the money. Why does this process take so long. Bank looked into it, provided transaction # and confirmation # from offshore's processor indicating monies were received Feb 11th, but now a week later payee claims they still haven't received the money. What a headache! Is this a run around or does it truly take this long.
 

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Don't know if it really takes that long, but I know that they tell you up front, so not a run around.

I do think they do it because over 3 weeks someone is more likely to lose the e-check amount, where over a weekend you can turn into a nice profit, but can't cash it.
 

Rx God
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just the way it is now, count on 3-4 weeks to clear that $300 e-check, lucky to even have it, these days, IMO !

It should clear faster, I'll agree.

I hate going to MG, CC's companies call me if I make deposits....suspicious activity.

Certain A-hole books charge for transfers.

Neteller was essential !

Offshore has gone to SHIT, and books aren't working with each other.
 

Rx God
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Don't know if it really takes that long, but I know that they tell you up front, so not a run around.

I do think they do it because over 3 weeks someone is more likely to lose the e-check amount, where over a weekend you can turn into a nice profit, but can't cash it.


You can't even re-deposit until that first one clears.
 

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Don't know if it really takes that long, but I know that they tell you up front, so not a run around.

I do think they do it because over 3 weeks someone is more likely to lose the e-check amount, where over a weekend you can turn into a nice profit, but can't cash it.


I totally agree with you. The confirmation process could be faster, but they figure the longer account holder has to wait the better chance of losing any winnings back.
 

I'll be in the Bar..With my head on the Bar
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What i think happens is these books are hiding from the processors exactly what they are doing..maybe hiding is a bad word but trying to stay off their radar at least. I would almost bet that they dont know if your deposit clears until they see it on a statement, i doubt seriously they are calling them everyday asking about deps A,B and C....
 

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