Thursday, Mar 27, 2008
As of Tuesday, March 26th 2008, the Exchange will no longer be pre-clearing check deposits.
All check deposits received after this date will be subject to the full ten-business day clearance policy enforced by our bank. This is regardless of your previous deposit record or if we have pre-cleared checks for you in the past. The funds must now be fully cleared by our bank before being made available for trading.
This applies to personal checks, cashiers checks and all money orders.
We suggest that if you need funds in your account quickly then you send a bank wire transfer, which typically takes 2-4 banking days to complete.
Please contact the Exchange if you have any questions regarding this.