Notice: We are still operating during the COVID-19 crisis. However, we are not allowing visitors to our office and most of our staff is operating remotely. Our attorneys and staff are still available to help you by phone and email. If you get our voice mail, please leave a message and it will be returned promptly. There may be delays with mail due to the crisis, so please try to send documents by email after submitting a contact form here or fax to 312-419-0379, if possible.

Prompt Payment of Checks

Question: Can a bank be forced to process checks in a timely manner?

Answer: Deadlines for funds availability are set by federal statute, the Expedited Funds Availability Act. The relevant deadlines depend on such things as the location of the bank where the check is drawn and the amount and whether the bank has reason to believe the item will not be paid.

Note that funds availability does not mean that the bank cannot reverse the transaction if the check is dishonored, found to be not genuine, etc.