I live in US and have a USAA bank account which allows this. They do not wait for the check to clear, even if it's tens of thousands of dollars. Obviously the

I live in US and have a USAA bank account which allows this. They do not wait for the check to clear, even if it's tens of thousands of dollars. Obviously they reserve the right to bring your account into negative balance if the check fails to clear and you have spent it all. I guess it's akin to a line of credit?