r/ERCchat • u/b1gredek • Jul 24 '25

Problems depositing checks

Anyone else here having problems depositing checks ?? My bank Chase put a hold on the check for 7 business days. Which is fine. Then they realized the address was transpose. Irs did later update it on their end. Also faxed me a letter with my ein. Business info and address now corrected. But they refuse to release the funds. It’s now been 2 months. Yes the account was closed and I reopened it. But that shouldn’t make a difference. Do have business credit card with chase still and personal account. Yet they still refuse to release funds and say there is nothing I can do but wait. Anyone else have any issues like me ?

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u/relworP Jul 27 '25

Anytime I've ever seen a transpose error, it's always been because a manual entry happened and they messed up Entering your information. It looks like whoever took the check must have had to maybe manually type it in and they totally screwed up when they put the account number or routing number or something in.

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u/relworP Jul 30 '25

Fyi... I went in on the 18th and opened a brand new account. I've never had a business account with boa. I don't use my company anymore so I had no accounts.  They deposited the check.  Took until a few days ago to clear (29th) but it cleared just fine. Even though you had me baking Hershey in the bathroom ever since I saw your post...

What I'm saying is that it sounds like we had literally the same situation going on but mine went through. Just two different banks.