Re: Banks holding your money on out-of-state checks

Posted by Bob on April 30, 2001 at 01:29:44:

In Reply to: Banks holding your money on out-of-state checks posted by Barb and Larry D. on April 28, 2001 at 19:21:53:

The theory is that it takes extra time for the
physical check to get back to the bank that it is
drawn on, to make absolutely sure that it is legit.

Even if the check says that it was issued by a
bank, it might still be bogus (e.g. a total
forgery.)