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I am getting paid with checks so each time I deposit it to my bank account they ask whether it is a paycheck or not. What difference does it make?

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  • 1
    Who asks? Your bank? Is it a pretty large transaction? Is it a hand written check or a computer printed check?
    – MrChrister
    Dec 17, 2010 at 20:15
  • 3
    Suggestion: Ask them :P Dec 17, 2010 at 20:41
  • @MrChrister bank teller is the one who asks, checks are hand written, and transactions are not that big, unfortunately :)
    – serg
    Dec 17, 2010 at 20:52

2 Answers 2

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Some banks waive the normal holds for check clearance for paychecks.

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  • that's probably it...
    – serg
    Dec 17, 2010 at 20:58
  • 1
    so the answer is "yes"
    – Sparr
    Dec 18, 2010 at 1:20
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It's all about risk management.

Paychecks are less likely to bounce.

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