Entrepreneurship

HELP! My Cash is Stuck at Chase!

HELP 1

 

Dear Chris,


I am an entrepreneur who runs an SME and I was banking with Chase Bank (the only account I have by the way). My clients who had held my funds for over three months had just issued me with a payment this Monday by RTGS. I was paid KShs 2.5Million and on Tuesday I wrote a majority of my suppliers their payment checks as I had promised them and they picked them on Tuesday afternoon. Today they have called to ask for an alternative settlement now that their banks have declined to accept Chase bank checks. What should I do? How soon can I expect my funds to be available?