Quote:
Originally Posted by Mad-Wolfie
this is the 21st century, not the dark ages.. if you can send money using technology & transfer funds instantly i'm pretty sure technology has a solution to clear a cheque instantly, after all when you are overdrawn they are quick enough to charge you!
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The banks sit on it to get the interest.
Think of how many cheques are written daily, gives you an idea as to why its worth the banks sitting on that tranfered money for a couple of days