Quote:
Originally Posted by Mad-Wolfie
The same can be said for banks.. why when you send a cheque does the money come out of your account straight away, but when you get a cheque it takes nearly a week before you can draw the money - even though it is your money!
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Because the cheque has to clear. If the cheque was to bounce and the recipient of that cheque has then spent that money, it would get unbelievably messy trying to claim the funds back