When a check in transit is delayed, it is "held over" until the next business day for processing. This can occur simply because the check was received too late in the day for processing that same day, or because too many checks were received that day to process all of them at once.
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Checks that are in transit that are delayed during the collection process until the next cycle. In most cases, this is the following business day. Holdover checks ...
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Fort Jackson Holdovers. 54 likes · 0 talking about this.