Thread: New Check Law
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  #14  
Old October 13th 04, 02:18 AM
John E. Carty
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"Jim Fisher" wrote in message
. ..

"Greg Butler" wrote in message
...
Many banks send a copy of the cancelled check to you instead of the
original, and keep the originals in the vault, but for a couple more
weeks
they still have to legally send the originals between banks.



Y'all ain't getting it.

This is a new process where you write a check, the cashier scans it in
seconds, then gives you back your original check.


Yep, the days of being able to 'float' a check are almost gone. This new
process debits your account immediately and will prevent future losses to
businesses from bad checks :-)


--
Jim Fisher


Yep, the days of being able to 'float' a check are almost gone. The new
process debits your account immediately :-)