Please sound off on this,, I bet most don't even know what the heck I'm talking about!
2007-12-17 04:55:54 · 3 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
NYC ,, YOUR TOO SMART ,, Good Job!! Not too many see the whole picture, just the part they want us to see!
2007-12-17 07:38:28 · update #1
See my own bank will not cash my payroll check ,, unless I have the amount or more to cover it! I asked why this would be , because with check 21 they could verify the funds in seconds.. but no they don't want to do that,, they only use the check 21 when it works to their advantage... this is BS..
2007-12-17 07:42:22 · update #2
The catch is the bank gets to hold on to funds deposited before crediting the money to the account, (length of time varie) and if one withdraws funds the money is withdrawn immediately What this means is the bank gets the interest on funds held before crediting to the account, while we have to do a complex juggling act to avoid bank fees.
2007-12-17 05:15:45 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Why is it a Catch 22 to electronically process a check?
2007-12-17 05:01:24 · answer #2 · answered by jurydoc 7 · 2⤊ 1⤋
Electronic check processing. How is it a catch 22? I don't use it though. I like to physically deposit my checks. I don't trust it. Is that the catch 22 part?
2007-12-17 05:01:21 · answer #3 · answered by Eisbär 7 · 2⤊ 1⤋