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how long does it take for state lottery and multi state checks to clear bank

Topic closed. 20 replies. Last post 2 years ago by maximumfun.

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kyokushin187's avatar - evildead2
cornwall,ct
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Posted: March 15, 2012, 6:57 pm - IP Logged

I was wondering how long does it take after you deposit a state lottery and or a multi state lottery check to clear the bank(when will the funds be available) ex: if you cash ticket and deposit check on Thursday will the money be in your account on Friday?

Kyokushin karate a.k.a.

" The strongest Karate"

    JADELottery's avatar - HoodeMe0
    The Quantum Master
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    Posted: March 15, 2012, 7:00 pm - IP Logged

    The way our bankrupt government is running, could take years.

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      kyokushin187's avatar - evildead2
      cornwall,ct
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      Posted: March 15, 2012, 7:01 pm - IP Logged

      The way our bankrupt government is running, could take years.

      lol. u have a point jade.btw your name anagram.does it have a meaning?
      I always wondered.

      Kyokushin karate a.k.a.

      " The strongest Karate"

        psykomo's avatar - animal shark.jpg

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        Posted: March 16, 2012, 4:26 am - IP Logged

        it depends on what size trucks the FRB uses 2 transport UR

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          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
          Oklahoma
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          Posted: March 16, 2012, 5:12 am - IP Logged

          I was wondering how long does it take after you deposit a state lottery and or a multi state lottery check to clear the bank(when will the funds be available) ex: if you cash ticket and deposit check on Thursday will the money be in your account on Friday?

          I guess it depends on the amount of the checkl, I know when DH won $2600 on the Texas lotto the check was drawn on Bank of America so the Lady from the Lottery Commission told my hubby to take it there too cash it(just so happens that there is one close to the lottery commission) & they did with no problems also there were other people in there cashing checks one lady won $10,000 on a scratch off and another lady won $5,000 on the pick 4.

            SergeM's avatar - alas
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            Posted: March 16, 2012, 6:19 am - IP Logged

            I was wondering how long does it take after you deposit a state lottery and or a multi state lottery check to clear the bank(when will the funds be available) ex: if you cash ticket and deposit check on Thursday will the money be in your account on Friday?

            • Anything above 500 euros is paid by a lottery central, not by the retailer in Belgium.
            • The lottery central is making copies of your ticket, your id and fills in a few documents. The money is sent immediately to your bank account, that means within a second you dispose of the money on the account. (I cashed in >1660 euro for a 5/6 with 4/6 and 3/6 with a 4 euro ticket.)
              Usually this transfer would take a day or two days with a slow bank, but with the lottery it took a split second to a slow bank!

            Gummy bird

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              Kentucky
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              Posted: March 16, 2012, 8:57 am - IP Logged

              I was wondering how long does it take after you deposit a state lottery and or a multi state lottery check to clear the bank(when will the funds be available) ex: if you cash ticket and deposit check on Thursday will the money be in your account on Friday?

              It's no different than any other check so it depends on the bank and probably no later than the next business day.

                four4me's avatar - gate1
                MD
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                Posted: March 16, 2012, 9:14 am - IP Logged

                It could take 7 to 10 business days depending on what bank you deposit it into.

                If you deposit the check in the bank it's drawn on might clear the same day.

                Big John says. You don't hit the number. The number hits you!!!!

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                  CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
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                  Posted: March 16, 2012, 10:15 am - IP Logged

                  A former coworker won a million dollar Mega Money jackpot down here..He went to collect. They offered him a choice of check in hand, cash or by direct deposit. He chose direct deposit,then had to go across the street to get his I.D and checking acct verified and sworn to by a notary, then came back into Hdqrs and the money was in his account before close of business that day... I didn't ask about the cash in hand or the notary scenario ( guess that's to eliminate a conflict of interest ). I had no reason to doubt what he told me at the time.

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                    helpmewin's avatar - dandy
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                    u$a
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                    Posted: March 16, 2012, 7:01 pm - IP Logged

                          it takes one minute to cash a $5000.00 Lottery check

                       but i guess if it was million good question Dance

                      TheGameGrl's avatar - p42a
                      Pennsylvania
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                      Posted: March 17, 2012, 9:05 am - IP Logged

                      many variables exist for this question to be answered correctly.

                      Contingent on:

                      1: Federal regulations for amounts exceeding 5,000$

                      2: Current stability of the holders account.

                      3: Credit Unions run different guidelines for deposit and clearing. Check with them first on how long.

                      4: Check screening.

                      If someone is getting a million dollar check that was personally made out to them and have it clear within one day...they are in for a rude awakening by the govt. Unless they have 5 million in there already to "cover" the matter...but who has that laying around?

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                        cbr$'s avatar - maren
                        Cordova,Al.
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                        Posted: March 17, 2012, 11:11 am - IP Logged

                        I was wondering how long does it take after you deposit a state lottery and or a multi state lottery check to clear the bank(when will the funds be available) ex: if you cash ticket and deposit check on Thursday will the money be in your account on Friday?

                        Depend on 3 factor's , the amount , the state , and your bank. example : you win in the state you,re in 1,000 to $75,000 same day. $150,000 - 500, 000 three bank bussiness day anything in the million bracket 7 - 10 bank bussiness days. example 2; you got a winner from another state's Lottery and you want to cash in your hometown bank , it depend on the bank and the amount of the check. usually small checks $20,000 - 50,000 three to five bank bussiness days . If the bank you have also has banks in the state where you win , that can change thing to speed it up. Then it will just depend on the amount of the check. If it in the millions 7 to 10 bank bussiness days.

                          lottolaughs's avatar - avatar 3824.gif
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                          Posted: March 17, 2012, 12:35 pm - IP Logged

                          I'll let you know when I win Thumbs Up

                            helpmewin's avatar - dandy
                            DON'T HATE THE PLAYA HATE THE GAME
                            u$a
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                            Posted: March 17, 2012, 1:45 pm - IP Logged

                            I'll let you know when I win Thumbs Up

                                       that was funny Green laugh

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                              NASHVILLE, TENN
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                              Posted: March 17, 2012, 8:32 pm - IP Logged

                              I would think with the Lottery, such a check would be good the minute the check was deposited.  What with the internet and all, banks today can access accounts instantly.  There is no reason to hold a check drawn on a state's lotto account or such similiar bonifide account.  If your bank insists on a 5 to 7 day waiting period, you need to consider using another bank.

                              Now a check drawn on a personal account is a horse of a different color by another father.