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Hello, I will try to help you. Please remember I just report or interpret the law, so the outcome may not be what you hoped for. This part of the procedure is not regulated. However, since you have 10 days to return the customer's money once it is cancelled the best procedure is to deposit the check immediately. If the contract is cancelled you can return the money as soon as your bank has collected the funds on the deposited check. If I have answered all your questions, please rate my answer excellent as that is how I am compensated. If you have more questions, please let me know. If the answer was especially helpful you can provide a bonus.