Question

On monday, foster deposits in his account at guaranty bank a local check for $500. after 5:00 p.m. on friday, from these funds, foster can withdraw no more than?

Answer 1

You can withdraw $ 200 the very next business day and rest of the remaining  $ 300 on the second business day from the date of deposition of the check. On friday foster can withdraw the whole of the amount no more than deposited on monday that is $500.

Generally, if you deposit check for 200$ to a bank one can access the full amount the very next business day, whereas if the amount exceeds more than $ 200 you can partially withdraw it from the account and rest on the second business day.

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