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Path: utzoo!linus!decvax!cca!cfh
From: cfh@cca.UUCP (Christopher Herot)
Newsgroups: net.flame
Subject: Re: banks flames
Message-ID: <5432@cca.UUCP>
Date: Sat, 13-Aug-83 23:05:32 EDT
Article-I.D.: cca.5432
Posted: Sat Aug 13 23:05:32 1983
Date-Received: Sun, 14-Aug-83 07:20:23 EDT
References: mit-eddie.577
Lines: 10


Maybe you should get a new bank.  Mine credits my account the same
day I make a deposit.  

The reason some banks do this is that checks don't really "clear", they
only time out from not bouncing.  That is, the bank where you deposited
the check usually gets their money within a day or two.  If the check
bounces then they have to give it back.  The long delays some banks impose
are meant to cover the longest possible period the bank may have to wait
to see if the check bounced.