ORIGINAL: MikeMc
It doesn't matter what the AMA polocy is. Same for all insurance, if they accepted your money then you're covered. If the club will accept that is a totally different thing.
it is slightly more complicated, they can legally delay long enough for your funds to clear. (I think two weeks is the legal limit)
but yeah, it is more up to your club then an AMA thing. If you can get a copy of the cancelled check that may be good enough for your club, or you may have to wait until you physically have the card...