Which is better – depositing a check or transferring the money?

It’s great that Banco Pichincha will accept a US check for deposit into your account (not all financial institutions in Cuenca do) but beware of the time differences in when the money will become available for withdrawal if you deposit a check rather than transfer the money from your US bank.

Yesterday, a Banco Pichincha employee advised me that funds might not be available for withdrawal for 21 – 30 working days if a check is deposited; but if the money is transferred, the funds are available for withdrawal in only 2 business days.

David Naccari: dnaccari1@gmail.com .

City: Cuenca
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