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By (user no longer on site)
over a year ago
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It's also to ensure the finds are in the account. Not many people realise this, most cheques clear within 3-4 days, But in reality it can be up to 7 working days.
My ex works in a bank, and every so often they get one returned to the bank and the funds are returned/ recalled for one reason or another. |
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By *un_JuiceCouple
over a year ago
Nr Chester |
Banks are the amongst the biggest criminals on the planet. Look at the history of the banking system, the American federal reserve, what it's based on, how it works.
There's a film on gurgle videos called the secrets of oz, yes based on our very own romanticized wizard of.
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It's because the law on cheques remain unchanged.
They must be physically presented to the originating bank/branch for signature verification and checking of funds clearance.
They haven't bothered changing the law as they're just phasing them out. Few businesses now accept cheques. |
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