If someone deposits 100$ as a blank envelope then withdraws the money, when does the bank notice?

Question

Does the bank notice before the clearing process of 5 buisness days or do they notice later? What could be the penalty if it's the first time this has happened?

Answer

Of course they do.  EVERY time a customer deposits anything or withdraws anything (ATM or debt card) - the bank knows about it.

If someone deposits 100$ as a blank envelope then withdraws the money, when does the bank notice?

Answers (1)