When opening an account we suggest you deposit cash, traveler's checks, or a money order. Most banks will not allow you to draw upon a personal check until it clears. Miami banks will clear checks drawn on local banks in three business days. Out-of-state and non-local checks will generally take seven business days to clear. Students may also join the University Credit Union, which handles both checking and savings accounts. Automatic Teller Machines (ATM) through Bank of America and University Credit Union enable students to receive funds from the Super Teller System (HONOR, PLUS, OR CIRRUS) 24 hours a day.