Please advise me or allay my fears if unfounded.
I paid for a property by issuing a post dated personal check dated Feb 20th. In the meantime, I have funded my checking account via a Manager's Check from another account last Feb 14th.
The surprising thing is is when I checked by bank online, the funding from the MC is still reflected as TOTAL AMOUNT but not yet in AVAILABLE AMOUNT! Good thing I checked it out online, and I immediately called the bank, and they told me the amount is on hold and I must go to my bank branch on Monday.
The problem is what about the check i issued against this account dated on Monday, Feb 20? Assuming the third party encashes the check on Monday morning, but I fixed the "on hold" funds on Monday afternoon-- will my check be a "bouncing check"?
Please advise-- I'm now quite mad at the bank for holding the funds, yet NOT EVEN contacting me! Buti na lang I check my balances online.