Wamu Chase Saying it will take 25+ days for a Check I deposited to clear and I can't withdraw any funds! Chicago Illinois

If your account was, "closed" how did a deposit get accepted into the account in the first place? I have never heard of a 25 day hold. Nor have I ever heard of 180 day hold on funds deposited into any account. Never. Can you or the other poster clarify?

Your funds availability disclosure given to you by the bank when you opened the account will probably say that they have up to 11 business days to hold your funds. That can be extended for account abuse, which would be excessive NSF activity, overdrawn accounts, etc.

While you have funds debited and credited for your corporate credit card program, I think that is between you and your service provider. To my knowledge, even for returns, the bank has no liability on charge backs (unless they also happen to be your service provider).

I would ask them to show the policy/agreement which allows them to withhold your funds. Their practice may not be legal.

You did state your account was a business acct (my letter said you had not identified the account type) and you stated it in the first line, no less. Must have been a long day. Definitely have them show you their policies--it can be a six month hold for business accounts.

You did not say what type of account this is but if it's a business account they can hold your funds for 180 days. The reason is that is the length of time most credit card issuers will allow customers to file a chargeback and your bank wants to make sure the funds will be there if someone files (if it's a business account). If not, have them show you their policy stating how long they can hold your funds.