New account customers will be able to get their hands on money from these kinds of checks fast. They include cashier's, certified, teller's, traveler's, and state and local government checks. Your bank may also require that you use a special deposit slip. Federal regulations require banks to make all money from these types of deposits available to customers on the next business day. This includes new customers.
Some banks allow same-day withdrawals.
After that, you should be able to get to your money just like any other bank customer. People opening a second checking account at a bank should speak up. U.S. Highway 1, North Palm Beach, Fl. Bankrate Inc. all rights reserved. Inc. All Rights Reserved.