For us. Banks, however, will still sit on out-of-state checks instead of clearing them faster.
And here's another racket they came up with. When they post transactions, instead of posting them in the order they happened, they re-sort them from largest to smallest - so if you, say, forgot to write down a $200 check and had three debit-card transactions for $20, the $200 would clear first and then the three smaller transactions would bounce, which generates more fees.
I don't know that I agree with this -- I'd rather call one company and apologize than call three.
Nope.
Thats the whole point of Check 21.