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Financial Futures Collaborative: Informaiton on Cheque HoldsTheir published hold period is "up to 15 business days", but callers were told that it's actually 30 days. Maximum cheque hold period ; More than $1,, 7 business days after the day of the deposit, 8 business days after the day of the deposit. BMO, * 4 - 8 business days for Canadian cheques * Up to 15 days for How long does RBC hold cheques? RBC generally processes Canadian.