[rmh47]

Two weeks is not a long time to wait for life insurance. Most funeral homes will wait for their money or take a credit card.
It took nearly three weeks for my husband's insurance money last year.
I think that their grief is clouding their thinking.
I thank this family for their sacrifice.

I watched the video clip. It appeared to me that the family already had two checks in hand from the government, and the bank wanted to put a hold on the deposited funds for two weeks! If that is accurate, it's pure BS. The bank just wanted to use the funds interest free (or at an extremely low rate) for that time period. Banks have gotten very good at moving money around very quickly. A three day hold to verify that the check was legit is plenty.

[newzjunkey]

Such a hold on a large check is *NOT* unusual. They’re complaining about a standard business practice of the banking industry. I’ve seen five business-day holds on checks far smaller, a longer wait for two 50K checks is not unexpected.