Cheque access block

As a rule, customers cannot dispose of a check deposited with the bank until a certain period of time has elapsed. In Germany, this is up to ten banking workdays, and up to one month in the case of checks drawn on a foreign institution. In response to repeated consumer complaints, the Federal Financial Supervisory Authority declared this to be appropriate. – Cf. BaFin’s 2007 Annual Report, p. 219 (explaining the reason for the freeze). – See collection period.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/