Re: Re: When does cash mean Cash

Posted by mike on June 06, 2001 at 13:05:25 from (205.212.148.53):

In Reply to: Re: When does cash mean Cash posted by G Taylor cashless society??? on June 06, 2001 at 12:28:13:

I asked a retired bank VP why it took so long
for checks to clear in the age of computers,he
said while your waiting for a check to clear
the bank is collecting interest off your money
for those few days,(4 to 14 I was told). A few
dollars interest off all the checks they handle
turns into big bucks.

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