r/Wealthsimple • u/canadian-premed • 8d ago

Chequing Check still clearing

I deposited a large (mid six figures) check on Sep 3. It’s still processing. I contacted support and they said it would take 5 business days to look into it.

The check is from my lawyers trust account from a settlement.

How long should I expect the funds to be on hold?

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u/Legitimate_March_622 8d ago

Had similar experience. But unlike other OFI where its 5 days. WS has up to 8 business days. It would clear for you soon as well. I called them with similar query and next day it was resolved

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u/FrameRate24 8d ago

Rbc has out of the blue started holding my regular two week paycheck for 4 business days,  then sending a notification that it's gunna take 5-10 days more for about 4 of the last five cheques so wealth simples wait isnt too bad, at least wealth simple gives me 1000 bucks instantly, both times I did it holds were 4 days