Can I cash my financial aid check?

Linda C

New member
I want to open up an account at Bank of America. Will they charge me a fee to deposit my entire check onto my account once I open it?
My check is from Commerce Bank, BUT, on the bottom it says "You will not be able to present the check FOR CASH at any Commerce Bank location ON THE DATE OF ISSUANCE. You will be able to present the check FOR CASH at Commerce Bank on the following business day. Does this mean I can cash the check the day after??
 
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