GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Don't Forget Starting Thursday Checks Clear Same Day

KRL · 10-25-2004, 01:06 AM

Thursday banks begin clearing checks digitally. They no longer need the physical check to debit your account.

Checks will be able to clear the same day you write them, sometimes within minutes after you write them.

So if you write a big check in the morning thinking it will be covered by a large deposit later in the day, it doesn't work that way anymore.

The money has to be there ahead of the check now.

I can't wait to see this in action. Banks are going to make a fortune on NSF fees and account balances are going to be all messed up til people get used to this new era of banking.

10-25-2004, 01:06 AM
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Don't Forget Starting Thursday Checks Clear Same Day Thursday banks begin clearing checks digitally. They no longer need the physical check to debit your account. Checks will be able to clear the same day you write them, sometimes within minutes after you write them. So if you write a big check in the morning thinking it will be covered by a large deposit later in the day, it doesn't work that way anymore. The money has to be there ahead of the check now. I can't wait to see this in action. Banks are going to make a fortune on NSF fees and account balances are going to be all messed up til people get used to this new era of banking. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains