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A reserve is to make sure that the funds are there to cover the check in the event it may bounce. Checks do not take 120+ days to complete.
by joshmanders 4y ago
A reserve is to make sure that the funds are there to cover the check in the event it may bounce. Checks do not take 120+ days to complete.
- thallium205 4y agoCredit card chargebacks can be initiated a half a year or more after a transaction has occured so yes, the reserve is in place to reduce the risk of losing money of the merchant bank from this event.