“Banks are seldom robbed anymore.”
Yes, they are the one’s doing the robbing, of their customers. Can you say Wells Fargo? They would charge you for the use of your money if could get away with it.
They would charge you for the use of your money if could get away with it.
************************************************************
Actually they do. It’s called “The float”. Example: I recently sold a property f9or something over $400,000 and took bank check to my bank immediately after the closing.The bank made $10,000 available to me immediately and said it would take 4 days for the rest to become available. This even though checks are electronically cleared thru the Fed in less then 24 hours. Thus the bank has the use of yours and my cash for 3 days and you will get nothing for this.